Reuters - CIT Group , the commercial lender that last year emerged from bankruptcy, on Tuesday reported a quarterly profit that dwarfed analysts' estimates.
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NEW YORK (Reuters) - CIT Group , the commercial lender that last year emerged from bankruptcy, on Tuesday reported a quarterly profit that dwarfed analysts' estimates.


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NEW YORK (Reuters) - CIT Group Inc reported a $1 billion loss in the fourth quarter on Tuesday, excluding one-time items and accounting adjustments, as the recently bankrupt commercial lender was hurt by high borrowing and credit costs.


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AP - CIT Group Inc., a commercial lender forced into bankruptcy protection last year as customers fell behind on repaying loans, said Monday that it expects to report a loss of about $900 million in the fourth quarter and about $4 billion for the year.
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NEW YORK (Reuters) - CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround.
NEW YORK (Reuters) - CIT Group, a commercial lender that recently emerged from bankruptcy, said its president and chief operating officer, Alexander Mason, will step down later this month.
AP - Commercial lender CapitalSource Inc. on Tuesday said it received about $119 million in cash proceeds after closing mortgages backed by the Department of Housing and Urban Development.