CIT Group

Wells Fargo, CIT Group and Marcus: Bankers on the Move


The resignation of Wells Fargo CEO Tim Sloan represented more troubles for an already scandal-ridden financial institution.


CIT Group hires TIAA's Hubbard as top lawyer


James Hubbard will replace Stuart Alderoty, who left CIT earlier this year to join the fintech Ripple.


War for online deposits eats into CIT Group's 4Q profit


Earnings fell well short of analysts' estimates due in part to a 28% increase in interest expenses.


Calabria's GSE effect, 2019 fintech, Kraninger's CFPB: Top stories of the week


What an FHFA led by Mark Calabria would mean for GSE reform; 7 (realistic) predictions about fintech in 2019; Kathy Kraninger signals new tone atop CFPB; and more from this week's most-read stories.


Bank of America, CIT Group and BBVA: Bankers on the move


Several banks saw significant changes in leadership as the year comes to a close.


CIT spruces up brand in bid for more household deposits


It’s still primarily a commercial bank, but the branding campaign — CIT’s first in a dozen years — is designed to appeal to the group driving its torrid deposit growth: retail savers.


CIT hires Santander exec to lead banking division


Robert Rubino will join the New York company in February as president of CIT Bank and head of commercial banking.


No room for rate chasers: Online banks try new pricing strategies


CIT Bank and Simple recently started offering higher yields on the condition that customers make regular contributions to savings. The offers are designed to help the banks avoid rate wars, but some analysts question whether they will appeal to enough consumers.


Mooney, Alemany to receive Conference Board leadership awards


The Committee for Economic Development will honor KeyCorp's Beth Mooney and CIT's Ellen Alemany for fostering diversity at their companies.


CIT profits decline 19% on credit, restructuring costs


An increase deposit costs, higher reserves and ongoing restructuring issues weighed on the second-quarter results at the New York company.