cit group inc

March 22 -- Gregory Milmoe, co-chair of the restructuring practice at Skadden, Arps, Slate, Meagher & Flom, talks with Bloomberg's Carol Massar about his role in the bankruptcy filing of CIT Group Inc.

CIT Group Inc. on Tuesday said its chief financial officer is retiring, and added it is closer to filling out its new board.

Struggling lender CIT Group Inc. warned Monday that it might still have to file for bankruptcy protection even if it completes a revised debt restructuring plan.

CIT Group Inc., one of the nation's biggest lenders to small and midsize businesses, says it has amended its debt restructuring offer in hopes of enlisting more support from bondholders for the plan.

Struggling CIT Group Inc. has launched a debt restructuring effort it hopes will trim at least $5.7 billion from its balance sheet, but also is asking bondholders to approve a prepackaged reorganization plan in case it is forced to file for Chapter 11 bankruptcy protection.

CIT Group Inc. and the Federal Reserve announced Thursday an agreement which gives the central bank greater oversight of the troubled commercial lender.

Shares of CIT Group Inc. plummeted nearly 20 percent in premarket trading Tuesday, as the commercial lender delayed filing its quarterly report because of ongoing restructuring efforts as it tries to avoid bankruptcy, according to a regulatory filing.

Commercial lender CIT Group Inc., which is trying to avoid filing for bankruptcy protection, said Friday that it is suspending preferred dividend payments.

Small business lender CIT Group Inc. says it's amending the terms of a tender offer for its notes but warns it may have to seek bankruptcy protection if enough bondholders don't agree to the terms.

Small-business lender CIT Group Inc. said Friday it has sweetened some terms of a buyback offer for $1 billion of debt and repeated that it may have to seek bankruptcy protection if enough noteholders don't agree to it.