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CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring , cash management , treasury management , mortgage loans , Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small businesses ...
Citadel Securities LLC. Citadel Securities LLC is an American market making firm headquartered in Miami. [2] [3] [4] It is one of the largest market makers in the world, [5] and is active in more than 50 countries. [6] It is the largest designated market maker on the New York Stock Exchange.
Financial regulation. Fund governance. Stock Market. An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to:
Wilshire 5000 Index Investment Fund (WFIVX) This fund seeks to replicate the total return of the Wilshire 5000 Total Market Index, which includes about 3,500 stocks and is market-cap weighted ...
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CIT Group (CIT) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
Vikram Pandit. Vikram Pandit at the World Economic Forum in 2011. Vikram Shankar Pandit (born 14 January 1957) is an Indian-American banker [5] and investor who was the chief executive officer of Citigroup from December 2007 [6] to 16 October 2012 [7] [8] and is the current chairman and chief executive officer of The Orogen Group.
The spin-off was prompted by the insurance unit's drag on Citigroup stock price because Travelers earnings were more seasonal and vulnerable to large disasters and events such as the September 11 attacks. It was also difficult to sell insurance directly to its customers since most customers were accustomed to purchasing insurance through a broker.