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 ...

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 ...

Shares in CIT Group popped 27% on Friday after First Citizens BancShares announced that it has entered into an all-stock merger of equals with the national lender to create the 19 th largest US bank ...

First Citizens BancShares in Raleigh, N.C., and CIT Group in New York announced an agreement to merge Friday, creating what would become the country’s 19 th-largest bank holding company with roughly ...

Business Insider's personal finance team compared CIT Bank high-yield savings accounts to the best high-yield savings accounts and found them to be a standard offering. CIT Bank is the online division ...

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Clocking in as the fifth largest bankruptcy in U.S. history, CIT Group filed for Chapter 11 bankruptcy protection on Sunday. The 101-year-old commercial lender will try to restructure its debt while ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Southern California’s banking landscape shifted again Monday when CIT Group Inc. completed its $3.4-billion purchase of Pasadena-based OneWest Bank. The deal is part of an exodus of bank ownership ...

NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT) (“CIT”), a leading provider of commercial lending and leasing services, today announced that it has entered into a definitive agreement and plan of ...