CIT Finances Stock Buyback
- ShoreBank Might Go Public. Jackson, Ben // American Banker;11/22/2006, Vol. 171 Issue 225, p6
This article reports that ShoreBank Corp. in Chicago is considering going public in the future so it can raise more money now. The community development banking company, which makes about $400 million of loans a year, wants to increase that figure to $2 billion by 2013. It would need capital to...
- Tyco Going Through with Its CIT Spinoff. Schmelkin, Alissa // American Banker;5/1/2002, Vol. 167 Issue 83, p20
Reports the initial public offering of CIT Group Inc. finance unit by Tyco International Ltd. in Pembroke, Bermuda Islands. Announcement of the public offering during a conference call with investors; Statement regarding the spin off of the unit by chief financial officer Mark Swartz;...
- Vietnam: Banking Reform Gathers Pace. // Emerging Markets Monitor;2/13/2006, Vol. 11 Issue 42, p12
Presents a forecast on banking reforms in Vietnam in 2006. Background on issues concerning the banking sector of Vietnam; Stance of Vietnam on foreign competition; Efforts of local banks to attract foreign investors; Projections for the banking sector of the country.
- Two stories to continue to watch in the new year. Combs, Heath E. // Furniture/Today;12/21/2009, Vol. 34 Issue 16, p28
In this article, the author focuses on issues towards the passage of a national formaldehyde emission bill in the Congress and fate of industry lender and factoring firm CIT Group Inc. in the U.S. in 2010. He contends whether the California's emission bill will go around the country and whether...
- More IPOs Headed Your Way, Says Survey. // Long Island Business News (7/1993 to 5/2009);10/09/98, Vol. 45 Issue 41, p23A
Reports on the results of a survey of United States chief financial officers' predictions on initial public offering (IPO) activity in the three years following 1998. Percentage of respondents who expect IPO activity to increase; Demand for professionals with experience taking a company public;...
- CIT: Stronger now than pre-Tyco. M.S. // Asset Securitization Report;8/12/2002, Vol. 2 Issue 32, p1
Reports on the market capitalization of CIT Group Inc. following its separation from the parent company Tyco International Inc. as of August 12, 2002. Information on the initial public offerings of the company; Statistics on the issuance of asset-backed security by the company in 2001 and 2002;...
- CIT Group Beefs Up Sponsor Coverage. MacFadyen, Ken // Mergers & Acquisitions: The Dealermaker's Journal;Aug2007, Vol. 42 Issue 8, p28
The article focuses on the acquisition of merger & acquisition (M&A) specialist Edgeview Partners by CIT Group in June 2007. It mentions other mid-market banks that entered into M&A deals following the said acquisition, including Jefferies. It also notes that mid-market banks that are not...
- Fitch Raises Ratings for CIT's Debt. Moyer, Liz // American Banker;7/3/2002, Vol. 167 Issue 127, p20
Reports on Fitch Ratings' upgrading of the debt of the CIT Group after the initial public offering (IPO) of CIT severed its ties with Tyco International Ltd. Upgrading of the rating of the senior debt and related entities of CIT; Failure of Tyco to arrange a sale of the business.
- Cost of capital discourages prospective JSE recruits. de Klerk, Vic // Finance Week;7/21/2003, p18
Reports that the high cost of capital discourages South African companies to list on the Johannesburg Stock Exchange. Preference for long-term bonds as an alternative sources of capital; Changes in listing rules; Obstacles to the creation of an alternative market for smaller shares.