CIT Group is a bank holding company. Through its subsidiaries, Co. provides financing and leasing capital principally for small businesses and middle market companies and provides vendor, equipment, commercial and structured financing products, as well as factoring and management advisory services. Co.'s subsidiary, CIT Bank provides commercial financing and leasing products as well as deposit products, such as certificates of deposits and savings accounts. Co. business segments include: Corporate Finance; Transportation Finance; Trade Finance; and Vendor Finance. As of Dec 31 2012, Co. had total assets of $44.01 billion and deposits of $9.68 billion.
CIT — Key Stats (updated Monday, March 3, 10:24 AM)
Tue, Feb 4, 1:50 PM, Zacks CIT Group Acquires Nacco SAS - Analyst Blog In an effort to diversify, CIT Group Inc. announced the acquisition of Nacco SAS ??? a premier full-service wagon leasing company headquartered in Paris.
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