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News Stories (12 Results) - CIT Commercial Services

U.S. health officials say Americans should wear masks in public to combat the coronavirus. Financial support by CIT Group Inc. is helping two California apparel makers create masks that protect with style.Sanctuary Clothing and Karen Kane, both Los... Read Story
April 08, 2020, 07:25 AM


CIT Group Inc. announced Amna Mahmood has been promoted to Managing Director, National Underwriting Manager, in CIT’s Commercial Services business.In her new role, Mahmood will be responsible for managing and supervising underwriters across all... Read Story
April 01, 2019, 07:20 AM


CIT Group Inc. announced it has named Joerg Obermueller as the managing director of the Supply Chain Finance business within the company’s Commercial Services division.In his new role, Obermueller will be responsible for assembling a team, building... Read Story
July 31, 2018, 07:20 AM


According to the 8th annual CIT Retail Outlook, 80% of middle market retailers rate their overall financial condition as healthy or very healthy. Many are cautiously optimistic about the upcoming holiday season and the near-term future. Sixty percent... Read Story
November 23, 2016, 07:02 AM


CIT Group Inc. announced that CIT Commercial Services appointed Darrin Beer as Western Regional Sales and Portfolio Manager. In this role, Beer will lead CIT Commercial Services activities in the Western United States. He will continue to be based in... Read Story
August 12, 2016, 07:39 AM


The retail industry is going through a form of evolution, maybe even a revolution. E-commerce has changed the way retailers sell, so that the major brick-and-mortar companies are looking at their individual stores, potentially closing what they... Read Story
July 08, 2016, 07:12 AM


CIT Group (NYSE:CIT) announced the appointment of Marc Heller as President of CIT Commercial Services, effective February 1, 2016, following the retirement of current CIT Commercial Services President Jon Lucas on January 31, 2016. Heller will report... Read Story
January 07, 2016, 07:15 AM


Growth in the U.S. furniture industry continues to outpace the U.S. economy, due in large part to strong performances in bedroom and dining room furnishing sales. While housing continues to improve and discretionary spending increases, the sector... Read Story
October 16, 2015, 07:00 AM


CIT Group Inc. (NYSE:CIT) announced the appointment of Louis Barone as Managing Director, Northeast Regional Sales Manager of CIT Commercial Services, a leading provider of factoring services in the United States. He will report directly to Marc... Read Story
September 28, 2015, 07:07 AM


As the economic recovery gains speed, the consumer electronics and furniture sectors of the retail industry can look forward to growth in 2015, while the apparel sector faces a more mixed outlook. These insights and more are shared by three CIT... Read Story
February 19, 2015, 06:52 AM


CIT Commercial Services, a leading provider of factoring services, and a unit of CIT Group launched “CIT CIS Mobile,” (cit.com/getCISMobile) a mobile app designed to bring the functionality of CIT Commercial Services’ Client Information System (CIS)... Read Story
January 08, 2015, 07:05 AM


After several years of slow growth, middle market furniture executives are feeling more optimistic about the future of their sector. According to Jon Lucas, President of CIT Commercial Services, and Mike Hudgens, Southeast Regional Manager of CIT... Read Story
May 13, 2014, 06:17 AM