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CIT Group Inc.’s chief executive Albert Gamper, pitching the company's planned US$5.8 billion stock offering, says Tyco International Ltd.'s ownership of the finance company has left him "war-scarred." Criticism of Tyco, whose accounting is under scrutiny by the Securities and...
#CIT#CIT Commercial Services#international
Tyco’s former International Director, Frank Walsh commented on Monday about the litigation filed by Tyco’s board of Directors. He said:…
#acquisition#CIT#financial services
HPSC Inc. announced today that it has discovered that an employee of the company's asset-backed lending subsidiary, American Commercial Finance…
#AMEX#bank#commercial finance
Tyco has filed a suit against former director Frank Walsh. The company said that the Mr Walsh received an improper…
CIT Group Inc. announced that an amended registration statement has been filed with the Securities and Exchange Commission by CIT…
A federal grand jury on Wednesday charged that Michael R. Agnew, president and sole owner of AGM, and Barbara M.…
Tyco said the sale of its CIT finance unit could be delayed a week. The company had promised to complete…
iBX Group, Inc., a publicly held Florida corporation, on Wednesday announced the establishment of a national strategic alliance with Sun…
#capital requirements#financial services#management
Bay View Capital Corporation announced yesterday the sale of its San Mateo-based factoring business with approximately US$25 million in factoring…
Asta Funding, Inc., a leading consumer receivables asset management and liquidation company, today announced that the company has acquired three…
Tyco International Ltd will go ahead with an Initial Public Offering of its financial services unit CIT Group after talks…
#bank#CIT#CIT Commercial Services
Lehman Brothers Holdings, an adviser to Tyco International, bid about US$5 billion for Tyco's CIT finance unit but then appeared…
In a quarterly regulatory filing and a conference call last Thursday the battered Bermuda-based conglomerate made clear that much of…
#CIT#CIT Commercial Services#conference