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CIT

Capital Business Credit announces new managerial appointment in Atlanta

Martin Schnurr joins the CBC team to grow its factoring and trade finance business in the Southeast. (more…)

#bank#CIT#trade

JCPenney suppliers face credit squeeze

Factoring companies that are financing clothing deliveries to JCPenney are tightening credit terms, shortening payment windows and tacking on extra…

#bank#bankruptcy#CIT


J.C. Penney Company ensures support of leading factors to...

US factoring providers continue to support deliveries to J.C. Penney Company despite its weak financial performance. (more…)

#CIT#liquidity#Penny


Mulroy officially assumes Secretary General role at FCI

Factors Chain International (FCI) has officially announced that Peter Mulroy will be the new Secretary General as of 1 July…

#CIT#CIT Commercial Services#emerging markets


CIT Trade Finance hires regional development officer

Pat Wiggins joins CIT Trade Finance. (more…)

#CIT#SunTrust#trade


CIT launches factoring university

CIT Group launches educational web site for SMEs, which highlights the benefits of factoring and related services. (more…)

#CIT#leadership#smes


CFA names new CEO

The Commercial Finance Association (CFA), the global trade association for the asset-based lending and factoring industries, has named Robert Trojan…

#CIT#commercial finance#financial services


CIT to promote Lucas to President

CIT Appoints Jonathan A. Lucas President of CIT Trade Finance. (more…)

#bank#CIT#i


CIT president to retire

CIT announces John F. Daly to retire as President of CIT Trade Finance. (more…)

#CIT#leadership#management


CIT Closes $753 Million Equipment Lease Securitization

(NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced that it closed…

#bank#CIT#Deutsche Bank


CIT recruit Brandman as new CAO

CIT Group, a New York-based provider of financing to SMEs, has appointed Andrew T. Brandman as Executive Vice President and…

#CIT#management#smes


CIT raises funds through private offering

CIT Group, a US-based provider of financing to SMEs, has commenced an offering of shares through a private placement of…

#CIT#regulation#smes

Sears: A reflection of the retail market?

Factorscan recently reported that CIT were withdrawing their funding of the large U.S. retailer, Sears. We asked Mark Mandula of…

#cash-flow#CIT#liquidity

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