CIT Group

CIT posts 4Q loss, but lending and leasing expand

01/30/18

The results included a $222 million goodwill impairment charge and other one-time items

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CIT’s Alemany shuffles consumer banking, business lending execs

01/24/18

The New York company named two new members to its executive committee as it splits oversight of business capital and consumer banking into separate jobs.

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U.S. Bancorp, PNC, others fined as Fed ends foreclosure cases

01/12/18

The payments resolve a number of cases that date back to 2011 and were among the largest coordinated U.S. enforcement efforts in the years following the crisis.

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10 who had a good year in 2017

12/19/17

This year has been very good to regional banks, bitcoin investors and several bank CEOs who pulled off big deals or successfully refined business models.

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CIT Group's profit rises as Alemany continues streamlining

10/24/17

Net income at the Livingston, N.J., company climbed 67% due to a variety of one-time items tied to its ongoing restructuring.

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CIT agrees to sell $900 million reverse-mortgage portfolio

10/06/17

The sale of the struggling Financial Freedom unit to an undisclosed buyer would continue CIT's strategy of shedding noncore business lines.

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How Ellen Alemany is reinventing CIT

09/26/17

American Banker's No. 3 Most Powerful Woman in Banking is embracing a major challenge in molding a commercial finance company with a spotty history into a profitable, middle-market bank.

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Most Powerful Women in Banking: No. 3, CIT Group's Ellen Alemany

09/25/17

Long before she set out to reshape CIT Group, Ellen Alemany accepted her first job as a bank CEO — on the eve of the mortgage meltdown. A big lesson that has stuck with her since then is the importance of communicating clearly and constantly with employees.

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CIT puts $2.5 million into CDFI in Southern California

08/22/17

It is the largest equity investment that Clearinghouse CFDI has received in its two-decade history.

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CIT swings to profit as it continues transition to traditional bank

07/25/17

A series of balance sheet moves and a focus on deposit gathering and business lending led to a $157 million profit in the second quarter.

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