CIT Group today reported net income of $130 million for the fourth quarter of 2013, compared to net income of $207 million for the fourth quarter of 2012. Net income for the year ended December 31, 2013 was $676 million compared to a net loss of $592...
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January 28, 2014, 07:05 AM
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The preservation of capital that can be used to invest in other business activities is one of the top benefits of equipment leasing for small and middle market businesses, according to Nick Small, Managing Director of CIT Vendor Finance, U.S., part...
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November 12, 2013, 06:45 AM
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CIT Vendor Finance annonced the launch of FlexAbility, a new suite of products that address the financial, operational and go-to-market challenges facing small and middle market companies that offer complex sales and pricing structures (e.g. managed...
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October 16, 2013, 06:59 AM
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While middle market executives report moving full steam ahead with transitions to cloud-based systems, many organizations face unexpected hurdles that prevent the Cloud from fully delivering on its promises. Cloud-based systems and services, which...
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September 19, 2013, 07:02 AM
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CIT Vendor Finance announced that it was named a preferred leasing provider of Konica Minolta Business Solutions (KMBS), a leader in advanced document management technologies, application solutions and IT Services, in Canada. CIT Vendor Finance is...
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August 02, 2013, 07:06 AM
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CIT Group Inc. announced that it relocated its Mexico office to Mexico City’s district of Santa Fe, as it looks to increase its market share and take advantage of the growth opportunities in the Mexican equipment financing market. The 1,470 square...
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May 24, 2013, 01:00 PM
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CIT Vendor Finance announced the expansion of its U.S. Healthcare Equipment Financing group with the appointments of Timothy Morris, William Tice, Charles Phillips and Ian Fine as sales managers. They will be responsible for originating and...
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April 18, 2013, 07:20 AM
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CIT Vendor Finance announced the appointments of Michael Fox as Sales Director for Transportation and Construction and Michael Oksiutik as Associate Director for Business Development. Fox will be responsible for leading sales activities and achieving...
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April 03, 2013, 07:15 AM
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CIT Global Vendor Finance announced the appointment of Ruben Muñiz as Director of Business Intelligence. In this role he will oversee business and market data analysis and reporting in support of our growth strategy. He will report to Ron Arrington...
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December 04, 2012, 07:42 AM
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CIT Vendor Finance announced the appointment of four management positions in Europe as the firm continues the development of its sales proposition in France, Germany and the UK. Vincenzo Scalzone has been named CIT’s sales leader in France. Vincenzo...
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November 21, 2012, 07:43 AM
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CIT Group announced that it has closed a new approximately $345 million (RMB2.2 billion) committed facility that will allow CIT Global Vendor Finance to fund new originations in China. The committed availability period expires in September 2014 with...
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September 11, 2012, 06:00 AM
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Nearly two-thirds (62%) of U.S. middle market executives said the availability of vendor financing was important when deciding to acquire capital goods, according to Ron Arrington, Global President of CIT Vendor Finance, a leading provider of...
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July 24, 2012, 07:24 AM
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Birch Communications, Inc. a leading IP-based telecom and managed services provider to small- and medium-sized businesses announced today that it has secured a multi-million dollar equipment financing facility with CIT Vendor Finance. "The progress...
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June 26, 2012, 03:10 PM
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CIT Bank, a wholly owned subsidiary of CIT Group Inc. announced that it has closed a $1 billion committed U.S. Vendor Finance conduit facility (Facility) with Barclays Bank PLC as Administrative Agent and three additional banks as committed lenders....
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June 14, 2012, 07:15 AM
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