Tag Archives: CIT Group

CIT: Mixed Outlook Clouds Holidays


NEW YORK-Middle-market retail executives participating in a CIT Group survey gave mixed views about the outcome of the holiday shopping season and the economy as a whole. One out of three retail executives said they expect holiday sales to grow minimally, from 1 to 5 percent. Twelve percent said they expect a decrease in holidayMore »

Last updated: November 22, 2013

J.C. Penney Denies Credit Problem with CIT

J.C. Penney

PLANO, Texas-Responding yesterday to various press reports, J.C. Penney said it is “untrue” that CIT Group, which factors some of the department store’s vendors, had stopped funding on some future merchandise shipments to the company. In a statement issued yesterday, J.C. Penney said it was told directly by CIT that the commercial credit provider “continuesMore »

Last updated: August 2, 2013

Chesler Named to Head CIT Bank

Randall Chesler

NEW YORK–CIT Group has appointed Randall Chesler president of CIT Bank, the company’s U.S. commercial bank subsidiary. Chesler, who will be based in Salt Lake City, will report to CIT Bank’s board of directors in his new role. He is currently vice chairman of CIT Bank, and is succeeding John Taylor, who will assist inMore »

Last updated: July 26, 2013