News Topic: Ellen Alemany

Ellen Alemany said that CIT's deal for Mutual of Omaha Bank will immediately lower the bank's deposit funding by 20 basis points. She also reiterated that the acquisition would make CIT more attractive to potential buyers. ... Read full article

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

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

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. ... Read full article

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

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

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

The New York company on Friday promoted Wahida Plummer, who was previously in charge of regulatory matters, to chief risk officer and expanded the role of its chief credit officer. ... Read full article

CIT took a $22 million hit on a business loan, and overall loan growth was tepid. ... Read full article

After facing a landmark sexual harassment lawsuit in the mid-1990s, the banking industry has improved its codes of conduct and training on sexual harassment issues, CIT Chief Executive Ellen Alemany said during a panel discussion Wednesday morning. ... Read full article

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

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. ... Read full article

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

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

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. ... Read full article

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 ... Read full article

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. ... Read full article

The digital banker of the year is B of A’s Michelle Moore. TIAA's Kathie Andrade compares career advancement to a rock climb. Plus, Marianne Lake, Ellen Alemany and Wonder Woman. ... Read full article