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CIT GROUP INC.
Consumer spending underwhelming, UK retailers turn to 'extreme bargains'Matches' woes are the latest sign that retailers' trouble is spreading across the Atlantic amid weaker consumer spending. Shops have been p...- First Citizens weighing takeover of Silicon Valley BankOffers are due Sunday morning. The Federal Deposit Insurance Corp. will decide on Sunday whether to pursue a full sale or breakup, dependin...
- US retailers’ unusual request to suppliers: Stop sending new productsThe buildup of inventory is a consequence of supply-chain problems in 2021 that delayed the arrival of many holiday shipments until the spr...
- View: What my worst trades taught me about investingIn a career filled with other bad trades, missed opportunities and judgment errors, some decisions stand out, not just for the lost money, ...
- Bezos hack casts light on stock that’s up 191% in two yearsFTI Consulting’s market value has almost tripled after beating Wall Street projections
- Big tech is coming for banking: Experts predict fintech’s 2020Memorably, in 2019 Mark Zuckerberg defended Facebook Inc.’s plan to overhaul the world banking system in front of Congress. Our experts thi...
- Rs 2400 crore tax woes mount for AV Birla GroupThe income tax appellate authority has ruled against a plea filed by ABTL which had challenged a Rs 2400 cr tax demand issued earlier by th...
- McLeod Russel first to challenge India's retrospective tax lawsMcLeod Russel has become the first Indian corp to challenge the govt's widely criticized retrospective amendments to tax laws.
- No succession plan at Wall Street firmsIn the past four years, disorganized transitions cracked the foundations under some of the world’s biggest financial institutions, includin...
- GMAC CEO Alvaro de Molina steps downTroubled auto and home lender GMAC Financial Services said Monday CEO Alvaro de Molina is stepping down. Michael A Carpenter, a member of t...
- CIT Group receives $1 billion loan from IcahnIcahn also agreed to provide CIT with a $1 billion line of credit.
- CIT Group says CEO Peek plans to resignCIT Group Inc., struggling as it continues efforts to restructure its debt, said Tuesday chairman and CEO Jeffrey M. Peek will resign at th...
- CIT draws down credit, suspends preferred divsCIT Group Inc., which is trying to avoid filing for bankruptcy protection, said Friday that it has received the remaining $1 billion availa...
- Government will not give lender CIT 2nd bailoutThe Obama administration drew a line in the sand on financial bailouts Wednesday, denying emergency aid to CIT Group Inc., a struggling com...
- CIT Group still in talks with regulatorsDiversified lender CIT Group Inc said it is still in talks with regulators on ways to improve its near-term liquidity as recent losses may ...
- US seeks lending data from bailed out banksThe US Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the gove...
- US economic data expected to show more weaknessSeveral reports due on Wednesday are expected to provide more evidence that consumers are cutting back on spending and companies are elimin...
- Fed designates CIT Group as bank holding companyThe Federal Reserve has approved commercial financial services firm CIT Group Inc. as a bank holding company.
- Subprime defaults blamed for US earning woesRailroads, chemical producers and insurance companies are blaming the worst US housing slump in 16 years for their earnings woes.
- MindTree ties up with US firmIT company MindTree Consulting along with US-based CIT Group Inc and consumer finance solutions has established an offshore development cen...
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