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In this article we will analyze whether CIT Group Inc. (NYSE:CIT) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas.
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 ...
With today's CIT Group (CIT) bankruptcy filing, the U.S. will lose $2.3 billion in TARP money, but with $71 billion in assets, CIT will keep operating and global panic will not follow.
The group collaborates with major global media that publish its investigations, including the BBC, Reuters, Sky News, and Der Spiegel. [3]CIT has carried out a number of investigations into the presence and activities of Russian troops in Syria (including the deaths of Russian soldiers and the use of cluster munitions in Syria).
CIT shares have risen 3.5% to $40.33 so far on Monday and the shares have a 52-week range of $27.68 to $43.35. Shares are up 24% so far in 2012. One thing is important to consider here in the new ...
John Thain. John Alexander Thain (born May 26, 1955) is an American financial executive and investment banker. He was president and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. Thain then became the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America. He was designated to become president ...
First Citizens (FCNCA) completes the merger with CIT Group, leading to the creation of the 20th largest bank in the United States in terms of assets.
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. [5] 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 ...