CIT Allies With BtoBapparel.com

The USA’s largest provider of factoring, CIT Commercial Services, has further strengthened its position in the apparel e-commerce area today by announcing a strategic alliance with BtoBapparel.com, an internet based business to business marketplac

Finova’s Long and Short Term Debt Ratings Downgraded

The troubled international financial services company Finova Group which last week announced that they would be selling their factoring business to GMAC Commercial Credit, revealed their disappointment yesterday that Moody’s Investors Service had

CIT Team Up With TextilEdge

CIT Commercial Services, the largest provider of factoring services in the USA, today announced an arrangement with TextilEdge, a leading e-commerce marketplace serving the global textile industry.

CIT Group Financial Results

The CIT Group today announced a record net income of $151.4 million for the second quarter of 2000. This represents an increase of 57.2% from the same quarter of 1999 and puts this year’s six monthly income at $295.3 million.