CIT Group Incorporated
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NYSE, New York Stock Exchange > About Us > News & Events > News Releases > Press Release 11-02-2009
www.nyse.com
, November 2, 2009 – NYSE Regulation, Inc. (“NYSE Regulation”) announced today that it determined that the common stock of CIT Group Inc.
http://www.nyse.com/press/1257160882853.html?sa_campaign=/rss/newsreleases/NYSE.comNewsReleases
CIT Group's biggest hurdle: Keeping customers
www.examiner.com | Nov 3, 2009
A Chapter 11 filing usually means the end of the road for financial companies since they rely so heavily on customer trust. CIT Group Inc. is hoping that its case will be different.
CIT Group says it marshals support for debt plan - MarketWatch
www.marketwatch.com | Oct 17, 2009
CIT Group, under pressure to cut its debt load by nearly $6 billion, said late Friday it hammered out a plan with its bondholders to keep it afloat as a lender to small and medium sized businesses.
http://www.marketwatch.com/story/cit-builds-bondholder-support-for-survival-plan-2009-10-17
CIT Group Says 3Q Loss Widened to $1.07 Billion
abcnews.go.com | Nov 17, 2009
Commercial lender CIT Group Inc. says it lost $1.07 billion during the third quarter as its cash crunch worsened ahead of filing for bankruptcy protection earlier this month. One of the nation's largest lenders to small and mid-sized businesses, CIT Group filed for bankruptcy protection Nov.
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CIT Group Inc. (CITGQ.PK) Corporate Event Announcement Notice - Zibb.com
Nov 24, 2009 (Wall Street Horizon via COMTEX) --
CIT Group Inc. (CITGQ.PK)
Expected next earnings release: Announcement date: 1/21/2010 - After Market Earnings Quarter: Q4 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: CIT Group, Inc. (THE) (CITGQ)
Recovery rate with respect to CIT Group Inc. - Zibb.com
MONTREAL, Nov. 23, 2009 (Canada NewsWire via COMTEX) --
Global Diversified Investment Grade Income Trust ("Global DIGIT") (TSX: DG.UN) announces that further to its press release dated November 4, 2009 announcing the CIT Group Inc. default, the recovery rate with respect to this default was established at 68.125%.
Subsequent to this default and based on the recovery realized, the subordination levels (attachment points) and detachment points of the affected exposures of the portfolios D2, D3, E2, E3, F2 and F3, have been lowered by 0.31875%. As a result, the number of additional defaults Global DIGIT may sustain before being affected was reduced. Global DIGIT will not suffer a loss due to this default. The new subordination levels (attachment points) and detachment points, taking into account all prior defaults, are detailed in the table below:
<<
-------------------------------------------------------------------------
As at November 20, At Inception
2009
Subordina- Subordina-
Corporate tion tion
Debt (Attachment Detachment (Attachment Detachment
Portfolio Exposure Point) Point Point) Point
-------------------------------------------------------------------------
D 1 5.89% 7.34% 9.55% 11.00%
2 7.45% 9.45% 11.00% 13.00%
3 6.85% 8.85% 11.00% 13.00%
4 5.43% 7.13% 7.85% 9.55%
5 6.85% 8.30% 9.55% 11.00%
-------------------------------------------------------------------------
E 1 7.34% 9.34% 11.00% 13.00%
2 6.00% 7.45% 9.55% 11.00%
3 3.70% 5.40% 7.85% 9.55%
4 7.13% 8.58% 9.55% 11.00%
5 8.30% 10.30% 11.00% 13.00%
-------------------------------------------------------------------------
F 1 7.34% 9.34% 11.00% 13.00%
2 7.45% 9.45% 11.00% 13.00%
3 5.40% 6.85% 9.55% 11.00%
4 7.13% 8.58% 9.55% 11.00%
5 5.15% 6.85% 7.85% 9.55%
-------------------------------------------------------------------------
>>
About Global DIGIT
Global DIGIT provides an economic interest in a mezzanine tranche of credit default swap agreements in respect of portfolios of corporate CDO exposures, mortgage-backed securities and asset-backed securities.
SOURCE: GLOBAL DIVERSIFIED INVESTMENT GRADE INCOME TRUST
Francois Rivard, (514) 879-6405, http://info.fbn.ca/trusts
Tags: corporate debt investment mortgage securities
Companies: CIT Group, Inc. (THE) (CITGQ), Global Diversified Investment Grade Income Trust (DG.UN)
CIT Group Inc. (CITGQ.PK) Corporate Event Announcement Notice - Zibb.com
Nov 23, 2009 (Wall Street Horizon via COMTEX) --
CIT Group Inc. (CITGQ.PK)
Expected next earnings release: Announcement date: 2/15/2010 - After Market Earnings Quarter: Q4 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: CIT Group, Inc. (THE) (CITGQ)
CIT Group Inc. (CITGQ.PK) Corporate Event Announcement Notice - Zibb.com
Nov 20, 2009 (Wall Street Horizon via COMTEX) --
CIT Group Inc. (CITGQ.PK)
Expected next earnings release: Announcement date: 11/25/2009 - Before Market Earnings Quarter: Q3 Announcement Status: Unconfirmed
Tags: corporate earnings market
Companies: CIT Group, Inc. (THE) (CITGQ)
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Company Snapshot: CIT
investing.businessweek.com
Get CIT Group, Inc. (CIT) stock research & investing information. Find historical stock quotes, key competitors, stock data, executive management and the latest company news.
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ric=CIT
Archive Systems | CIT Group Uses Document Imaging and Real-Time Retrieval Services
DocuLogic Provides CIT Group with Customized Document Imaging and Real-Time Retrieval Services Available on the Web Turn-key, Hosted Solution Provides a Low Cost Alternative
Retail Tips and Advice on ExpertBusinessSource
www.expertbusinesssource.com
Expert Business Source provides the latest news, resources, and most valuable tips, trends, and expert advice on human resources, sales & marketing, operations, technology and finance, for business owners and operators in the retail industry.
http://www.expertbusinesssource.com/community/Retail/46177.html
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(Redirected from CIT Group Incorporated) ... CIT Group, Inc. is a large American commercial and consumer finance company ...
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