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News Stories (31 Results) - Ellen Alemany

CIT Group Inc. and Mutual of Omaha (Mutual) announced a definitive agreement for CIT’s banking subsidiary, CIT Bank, N.A., to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion.The purchase price will... Read Story
August 13, 2019, 07:30 AM


CIT Group Inc. reported second-quarter net income available to common shareholders of $128 million compared with $117 million a year ago. It posted income from continuing operations, excluding noteworthy items, available to common shareholders of... Read Story
July 24, 2019, 07:02 AM


CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the next facet of its Launch and Grow initiative, a 12-week HOPE Inside program aimed at empowering women small business owners in New York City and Los Angeles.   Building... Read Story
May 03, 2019, 07:00 AM


CIT Group Inc. reported fourth-quarter net income available to common shareholders of $82 million, compared to a net loss available to common shareholders of $98 million for the year-ago quarter. Income from continuing operations available to common... Read Story
January 29, 2019, 07:15 AM


The Conference Board – a member-focused think tank that provides trusted insights for what's ahead – announced the election of Ellen R. Alemany, Chairwoman and CEO of CIT Group, and Beth E. Mooney, CEO of KeyCorp, to its board of trustees.Alemany... Read Story
December 28, 2018, 07:15 AM


CIT Group Inc. announced that Robert Rubino has been named President of CIT Bank, N.A., the banking subsidiary of CIT, and Head of Commercial Banking, effective Feb. 25. Rubino will join the company’s Executive Management Committee and report to... Read Story
December 05, 2018, 07:25 AM


CIT Group Inc. revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing campaign, tagline and website reflecting... Read Story
November 16, 2018, 07:30 AM


CIT Group Inc. reported third-quarter net income available to common shareholders of $132 million, compared with net income available to common shareholders of $220 million for the year-ago quarter. Income from continuing operations available to... Read Story
October 23, 2018, 07:20 AM


CIT Group Inc. announced it has completed the sale of NACCO, its European rail leasing business, for net proceeds of $1.1 billion based on current exchange rates. The sale was completed in two separate transactions and included approximately $1.2... Read Story
October 05, 2018, 07:20 AM


CIT Group Inc. reported second-quarter net income available to common shareholders of $117 million, compared with net income available to common shareholders of $157 million for the year-ago quarter. Income from continuing operations available to... Read Story
July 24, 2018, 07:28 AM


CIT Group Inc. announced the launch of its second annual volunteer campaign, CIT Cares Month, a companywide initiative that inspires and encourages employees to volunteer in support of local communities and non-profit organizations nationwide. "We're... Read Story
June 05, 2018, 07:05 AM


CIT Group Inc. announced it has named Wahida Plummer as its Chief Risk Officer responsible for all enterprise risk. In addition, the company has promoted its Chief Credit Officer Marisa Harney to an expanded role leading all credit risk. Both leaders... Read Story
May 29, 2018, 07:30 AM


CIT Group reported first quarter net income available to common shareholders of $97 million, compared to net income available to common shareholders of $180 million for the year-ago quarter.  Income from continuing operations available to common... Read Story
April 24, 2018, 07:15 AM


CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the Launch and Grow video series to empower and educate small business owners. The series features small business owners across the U.S. telling their unique stories and... Read Story
March 30, 2018, 06:30 AM


CIT Group reported a fourth quarter net loss to common shareholders of $98 million or $0.74 per diluted common share, compared to a net loss to common shareholders of $1.1 billion or $5.65 per diluted common share for the year-ago quarter.  Loss from... Read Story
January 30, 2018, 07:15 AM


CIT Group reported third quarter net income of $220 million compared to $131 million for the year-ago quarter.  Income from continuing operations for the third quarter was $223 million compared to $94 million in the year-ago quarter. Income from... Read Story
October 24, 2017, 07:16 AM


CIT Bank, N.A., the bank subsidiary of CIT Group announced that it has reached an agreement to sell its reverse mortgage servicing business, Financial Freedom, and its reverse mortgage portfolio to an undisclosed buyer. The transaction includes the... Read Story
October 09, 2017, 07:18 AM


CIT Group reported second quarter net income of $157 million compared to $17 million for the year-ago quarter.  Income from continuing operations for the second quarter was $41 million compared to $88 million in the year-ago quarter. Income from... Read Story
July 25, 2017, 07:13 AM


CIT Group announced that it reached a definitive agreement to sell NACCO, the European rail leasing business, to German-based VTG Aktiengesellschaft (VTG) for a purchase price of EUR 780 million, or $890 million USD based on current exchange rates... Read Story
July 05, 2017, 07:15 AM


CIT Group announced financial results for the first quarter ended March 31, 2017.For the quarter ended March 31, 2017, the Company reported net income of $180 million compared to $146 million for the year-ago quarter.  Income from continuing... Read Story
April 25, 2017, 07:14 AM


CIT Group announced that John Fawcett has been named executive vice president and chief financial officer. He will succeed CFO Carol Hayles who has decided to pursue other opportunities. Fawcett will join the company as an advisor on April 17, 2017... Read Story
April 14, 2017, 07:12 AM


CIT Group announced that it completed the sale of its 30 percent ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation U.S., Inc. to its joint venture partner Tokyo Century Corporation (TC). ... Read Story
April 04, 2017, 07:02 AM


For the fourth quarter, CIT reported a net loss of $1.2 billion. Loss from continuing operations for the fourth quarter was $424 million. For the full year 2016, net loss was $861 million. Loss from continuing operations for the full year was $196... Read Story
February 01, 2017, 07:05 AM


CIT Group announced that Steven T. Mnuchin has resigned from its Board of Directors, effective immediately. His resignation follows President-elect Donald J. Trump’s announced intention to nominate Mnuchin as the next Secretary of the Treasury. “On... Read Story
December 05, 2016, 06:50 AM


CIT Group appointed Steve Solk as President of CIT Consumer Banking and President, California, effective immediately. This is in addition to his current responsibilities as President of CIT Business Capital and as a member of CIT Group’s Executive... Read Story
December 01, 2016, 07:15 AM


CIT Group Inc. announced it has entered into a definitive agreement to sell CIT Commercial Air, its commercial aircraft leasing business, to Avolon Holdings Limited (“Avolon”), the international aircraft leasing company and a wholly-owned subsidiary... Read Story
October 07, 2016, 07:18 AM


CIT Group announced the appointment of Stuart Alderoty as Executive Vice President, General Counsel and Corporate Secretary. Mr. Alderoty will join CIT from HSBC North America Holdings, Inc. where he served as General Counsel since November of 2010.... Read Story
September 14, 2016, 07:09 AM


CIT Group reported net income of $147 million for the first quarter of 2016, compared to net income of $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. Income from continuing operations for the... Read Story
April 28, 2016, 07:05 AM


CIT Group announced the appointment of John C. Erickson as President of Consumer Banking and President, California, effective immediately. He will serve on the company’s Executive Management Committee and report directly to Chief Executive Officer... Read Story
April 26, 2016, 07:26 AM


CIT Group today announces its strategic plan designed to drive long-term shareholder value. In connection with today’s strategic update call, CIT is delivering a slide presentation which is available at cit.com/investor. “Today, CIT announces steps... Read Story
March 23, 2016, 07:32 AM


 CIT Group announced several changes to its Board of Directors designed to include additional industry expertise and shareholder representation: Ellen R. Alemany has been appointed Chairwoman effective after John A. Thain’s retirement as Chairman... Read Story
February 22, 2016, 07:15 AM