Macquarie Upgrades CIT Group (CIT) to Outperform
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October 21, 2015 4:18 PM EDT
CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending and leasing services, today announced a series of strategic initiatives that are designed to advance the Companys transition to a U.S. Commercial Bank. The Company announced that it would explore strategic alternatives for its $10 billion Commercial Air business,... More
October 21, 2015 4:17 PM EDT
CIT Group (NYSE: CIT) announced that Chief Executive Officer John A. Thain will retire effective March 31, 2016, and will continue to serve as Chairman of the Board of Directors, and that CIT Board Member Ellen R. Alemany will become a member of the management team as Vice Chairman effective November 1, 2015, and upon Mr. Thains retirement become Chief Executive Officer. The Board also announced that Vice Chairman Steven Mnuchin will step down from Management effective March 31, 2016, and will remain as a member of the Board of Directors. The Company announced the appointment of CIT... More
