Brittney Powell, partner in the international trade practice of Fox Rothschild, said the law firm is advising its clients to ...

Negotiations over the sale of CIT Group in New York took place in fits and starts for nearly a year before a deal was reached last month. First Citizens BancShares in Raleigh, N.C., agreed on Oct. 16 ...

CIT Group Inc., a major business lender that's been devastated by the downturn in the credit markets, said Tuesday its chairman and CEO will resign at the end of the year. CEO Jeffrey M. Peek is ...

After struggling for months to avert bankruptcy, lender CIT Group has filed for bankruptcy protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands ...

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After months of haggling with creditors to avoid bankruptcy, the commercial lender CIT Group filed for Chapter 11 protection on Sunday. Bondholders rejected the company's proposed debt swap but ...

With close to a decade of writing and editing experience, Maisha specializes in service journalism and has produced work in the lifestyle, financial services, real estate, and culture spaces. She uses ...

NEW YORK (Reuters) - CIT Group Inc's bankruptcy filing could push at least some small businesses it finances to look for a new lender, but finding new credit will be tough. CIT filed for bankruptcy ...

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