A Jersey City tower built by the family firm was financed with some $190 million in loans, including $50 million through the so-called EB-5 visa program. By Jesse Drucker and Charles V. Bagli In a ...

WASHINGTON — CIT Group Inc. shares tumbled 75 percent Thursday as its inability to get emergency government funding raised expectations that the commercial lender will file for bankruptcy protection.

Commercial lender CIT Group Inc. confirmed late Monday that it has secured a $3 billion bailout from its bondholders, saving the company from filing for bankruptcy. It's a new twist in the financial ...

CIT Group, the New York consumer- and commercial-finance company, is pursuing funding from an overseas bank to support its lending business, according to the March 24 Wall Street Journal. The news ...

NEW YORK (AP) — Commercial lender CIT Group Inc. said Monday that its second-quarter loss widened, partially as a result of hefty debt-refinancing charges. CIT’s loss amounted to $70.7 million, or 35 ...

CIT Group Inc., a major lender to small and midsize businesses that has struggled under mounting losses and tight credit availability, has amended its debt restructuring offer to enlist more ...

CIT Group, Inc. (NYSE: CIT), the financial holding company which last year purchased the parent company of now-defunct reverse mortgage lender Financial Freedom, reported a delay in filing its annual ...