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CIT Group News

News on CIT Group continually updated from thousands of sources around the net.

3 hrs ago | MarketWatch

Financial Stocks: CIT Group shares fall on credit-quality concerns

Shares of CIT Group Inc. were off nearly 30% in early trading Friday on a report the Federal Deposit Insurance Corp.

Comment?

Related Topix: Financial Services

9 hrs ago | Bloomberg.com

Bond Traders Test Limits of Too Big to Fail as CIT Group's Debt Plummets

CIT Group Inc. , the century-old lender to 950,000 businesses, is trading in the bond market as if it may fail.

Comment?

Related Topix: Financial Services, Financial Markets, Banking, Washington Mutual, New York, Home, Mortgage, Personal Finance

Thu Jul 09, 2009

Dad29

CIT Going Down? "Not Big Enough"--So Fail?

We mentioned the other day that while GECapital enjoy some Federal assistance, CIT does not .

Comment?

Related Topix: Financial Services, Financial Markets

ClipSyndicate

VIDEO: CIT Group May Be On Brink Of Failure

C.I.T. is in trouble. C.I.T. lose all of its three investment rates.

Comment?

Related Topix: Financial Services, Video, Business News

Wed Jul 08, 2009

Reuters

CIT urges FDIC on issue of guaranteed debt: report

CIT Group Inc , a commercial U.S. lender struggling to finance its business, is pressing U.S. regulators to allow it to issue government-backed bonds to allay concerns over its financial health, the Financial Times reported on its website late on Wednesday.

Comment?

Related Topix: Financial Services, Financial Markets

Fox News

Market Winners & Losers: CIT Group, AIG

The markets were down sharply on Tuesday, losing an average of over 2% following a 5-day decline in oil prices.

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Related Topix: Financial Services, Cigna, Insurance, US News, US House of Representatives, Democrat, US Politics, Rahm Emanuel, Hospital Administration, Medicine, Tenet Healthcare Corporation, Healthcare Industry, Banking, KeyCorp, Business News

Tue Jul 07, 2009

Earth Times

Penny Stock Chaser Announces Investment Opinion on IACH, SDSS, WAVE, GNBT, CIT

U.S. Markets plunged in Tuesday Midday trading as the Dow Jones Industrial Average drops 104 points to 8219.

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Related Topix: Financial Services, Financial Markets, Biotech, Generex Biotechnology, Medicine, Healthcare Industry

Mon Jul 06, 2009

GT's Market Rant

USRant for Wednesday, July 1st

The Dow Jones Industrial Average dropped 82.38 points to 8447.00 points. The index high for the day was 8560.44, while the low was 8393.95. Total volume traded in the 30 components of the index was 1.38bn shares.

Comment?

Related Topix: Manufacturing, Construction, Insurance, Caterpillar, American Express, Financial Services, Procter and Gamble, Household Products, Restaurant Management, Starbucks, Financial Markets

Sat Jul 04, 2009

Editor & Publisher

Judge: Philly Newspaper Creditors Must Share Taping Info

NEW YORK A federal judge overseeing the bankruptcy proceedings for Philadelphia Newspapers LLC ordered lawyers for the company's creditors to share details of their investigation into an alleged unauthorized recording of a meeting with the company's lenders.

Comment?

Related Topix: Economics News, Bankruptcy, Financial Services

Thu Jul 02, 2009

CJR Daily

ProPublica, the Post Bring GE Into the Light

Props to ProPublica and the Washington Post for a joint story on how General Electric has benefited from $74 billion in bailouts in the form of guarantees on its debt - without being subject to the normal level of regulation for banks.

Comment?

Related Topix: Law, Financial Services

Tue Jun 30, 2009

Dad29

GimmeMoneyMagination; Ge Ko's Competition w/Fdic Help

HT to Rhymes With Shown for this . You should read his post to get a feel for Professional Rent-Seeking. Long story short, the FDIC began backing the borrowing of certain banks and S&L's about the same time TARP rolled out.

Comment?

Related Topix: Financial Services

Mon Jun 29, 2009

Investopedia

Bear Market Rally Or Investment Opportunity?

The S&P 500 hit a recent peak on June 12, 2009, and debate continues within the investment community over whether the market is in a bear market rally , or at the start of a new bull market.

Comment?

Related Topix: Financial Markets, Massey Energy, Mining, Financial Services, Harman International Ind, Electronics

Fri Jun 26, 2009

Monitor Daily

Fox-Pitt Says CIT's TLGP Application Not Likely to be Approved

Reuters reported that investment bank Fox-Pitt downgraded CIT Group to "in line" from "outperform" and said the bank holding company's application for the government's temporary liquidity guarantee program was not likely to be approved.

Comment?

Related Topix: Financial Services

Sun Jun 21, 2009

Triangle Business Journal

Cam Fabrication Holdings falls to liquidation as CIT Group calls in note

SMITHFIELD Construction supplier Cam Fabrication Holdings Inc. and several related companies filed for Chapter 7 bankruptcy in late May, ending the operations of businesses that at one point employed about 130 people.

Comment?

Related Topix: Financial Services, Economics News, Bankruptcy, North Carolina

Fri Jun 19, 2009

The Motley Fool

Now's the Time to Double Down on Dividends

Yes, you read that headline correctly. In the midst of the worst year for dividend investors in more than a generation, I'm telling you that now's the time to double down on dividend stocks.

Comment?

Related Topix: Financial Markets, Banking, Bank of America, Financial Services, Beverages, CocaCola

Thu Jun 18, 2009

CNN

Eddie Bauer files for bankruptcy

Retailer cites debt concerns stemming from previous reorganization. By Julianne Pepitone , CNNMoney.com contributing writer Click the chart to view the latest stock prices.

Comment?

Related Topix: Economics News, Bankruptcy, Financial Services

Wed Jun 17, 2009

Athletic Business

Bally reaches deal to exit bankruptcy

Bally Total Fitness Holding Corp., the Chicago-based operator of 328 gyms in 25 states, has reached an agreement that will enable it to emerge from bankruptcy reorganization, according to court documents filed last week.

Comment?

Related Topix: Economics News, Bankruptcy, Recreation, Bally Total Fitness Holding, Financial Services

USA Today

Eddie Bauer files for bankruptcy protection

In the latest retail casualty of the recession, Eddie Bauer is seeking Chapter 11 bankruptcy protection.

Comment?

Related Topix: Economics News, Bankruptcy, Financial Services

Freshnews

Resiliency in the Healthcare Sector Featured on CIT's "5 Minute Capital" Podcast Series

CIT Group Inc. , a leading provider of financing to small businesses and middle market companies, today released another installment of "5 Minute Capital" , its award-winning series of five-minute podcasts featuring senior CIT executives commenting on current market conditions, industry trends and future opportunities in the middle market.

Comment?

Related Topix: Financial Services, Small Business, Personal Finance

Tue Jun 16, 2009

Monitor Daily

CIT, Operation HOPE Partner in Support of Financial Literacy Initiatives

Operation HOPE, a global nonprofit social investment banking and financial literacy empowerment organization, announced a partnership with CIT Group that would generate support for HOPE's core portfolio financial literacy initiatives.

Comment?

Related Topix: Financial Services, Non-Profit, Ben Bernanke

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