CIT Group Inc.
() is a United States bank holding company founded in 1908 with more than $35 billion in finance and leasing assets. It provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance.
The Company is part of the Fortune 500 and was a part of the S&P 500 Index
until it was replaced by Red Hat
at the close of trading July 24, 2009. The Company is headquartered in New York City
, and employs approximately 3,700 people in locations throughout North America, Europe, Latin America, and Asia Pacific. The company's name is an abbreviation of an early corporate name, Commercial Investment Trust
Each CIT business has industry alignment and focuses on specificsectors, products and markets, with portfolios diversified by clientand geography.
- provides lending, leasing and other financial and advisory services to the small business and middle market sectors, with a focus on specific industries,......