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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 ...
Peek joined CIT after being turned down as a potential CEO from Merrill Lynch, where he had been employed for almost 20 years, and a 19-month spell at Credit Suisse Group. He was directly responsible for expanding CIT into lending subprime mortgages and student loans. This made the company vulnerable to changes in the market, and following the ...
The bank became the largest bank in New York City after the Panic of 1893 and the largest bank in the U.S. by 1895. It became the first contributor to the Federal Reserve Bank of New York in 1913, and the following year it inaugurated the first overseas branch of a U.S. bank in Buenos Aires , [15] although the bank had been active in plantation ...
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank ...
Some of the companies making headlines today: Bank of America Corp. (BAC) is set to appoint an "emergency" CEO in case legal troubles force the controversial Kenneth Lewis to step down early.
In a note to clients on Sunday, Bank of America's US equity and quantitive strategy team led by Savita Subramanian boosted its year-end target for the S&P 500 to 5,400 from 5,000.
Citizens United v. Federal Election Commission, 558 U.S. 310 (2010), is a landmark decision of the Supreme Court of the United States regarding campaign finance laws and free speech under the First Amendment to the U.S. Constitution.
Two national coalitions of minority-led community development financial institution (CDFI) leaders are set to receive $25 million in funding from Bank of America. The National Alliance of Latino ...