factoring lending Global Analysis 23-12-2004 US-based CIT Group gets UK commercial bank licence, will expand factoring and commercial lending operations across European Union US-based CIT Group has been granted a UK commercial banking licence that will allow it to make loans to businesses across the EU. The company has been looking to grow… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here