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Under CEO John Thain, CIT Group is focusing on lending to private equity groups, selling troubled assets and making other changes. It is also on the prowl for deals.
December 16 -
The acquisition of nearly $800 in commercial loans provides a productive use for the spare cash on CIT's balance sheet, analysts say.
January 7 -
Quick decision-making, cash on hand and dedicated employees are musts for successful buyers of loan pools, experts said in analyzing CIT's recent purchase of $1.2 billion of loans.
February 12
The Federal Reserve Board has terminated an enforcement action with CIT Group (CIT).
The termination of the August 2009
Since filing for bankruptcy protection in November 2009, CIT Group has