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After struggling for months to avert bankruptcy, lender CIT Group has filed for bankruptcy protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

Wall Street is a forgiving place. How else would you explain the stunning turnaround of former Merrill Lynch CEO John Thain and the once bankrupt CIT Group? Well, a healthy business helps too. CIT ...

Shares in CIT Group popped 27% on Friday after First Citizens BancShares announced that it has entered into an all-stock merger of equals with the national lender to create the 19 th largest US bank ...

New York-based CIT Bank plans to acquire Direct Capital Corp. of Portsmouth, a commercial leasing firm for small and medium sized businesses, both companies announced Wednesday. Terms of the deal were ...