C&i leasing latest news

Here are some of the latest news and updates from CIT Group, a leading provider of financing and leasing solutions:

Recent News

  1. CIT Group Reports Strong Q2 2022 Results: CIT Group announced its financial results for the second quarter of 2022, reporting net income of $143 million and diluted earnings per share of $0.43. (Source: Business Wire)
  2. CIT Group Expands Healthcare Finance Capabilities: CIT Group has expanded its healthcare finance capabilities with the addition of a new team of healthcare finance experts. The team will focus on providing financing solutions to healthcare providers and medical device companies. (Source: PR Newswire)
  3. CIT Group Partners with IBM to Offer Cloud-Based Solutions: CIT Group has partnered with IBM to offer cloud-based solutions to its clients. The partnership will enable CIT Group to provide its clients with access to IBM's cloud-based technologies and expertise. (Source: CRN)
  4. CIT Group Names New Chief Financial Officer: CIT Group has named Jane Thompson as its new Chief Financial Officer. Thompson has over 20 years of experience in finance and accounting, and has previously held leadership roles at companies such as Bank of America and Wells Fargo. (Source: Business Wire)
  5. CIT Group Expands Equipment Finance Capabilities: CIT Group has expanded its equipment finance capabilities with the addition of a new team of equipment finance experts. The team will focus on providing financing solutions to companies in a variety of industries, including manufacturing, construction, and transportation. (Source: PR Newswire)

Industry Insights

  1. The Future of Equipment Finance: CIT Group's Chief Executive Officer, Christopher J. Feeney, recently spoke at the Equipment Leasing and Finance Association's (ELFA) annual convention, discussing the future of equipment finance and the importance of technology and innovation in the industry. (Source: ELFA)
  2. The Impact of COVID-19 on the Equipment Finance Industry: CIT Group's Chief Economist, Michael Schellenberg, recently published an article discussing the impact of COVID-19 on the equipment finance industry, including the effects on demand, supply, and pricing. (Source: Equipment Finance Advisor)
  3. The Role of Technology in Equipment Finance: CIT Group's Chief Information Officer, Michael J. Smith, recently spoke at the ELFA's Technology and Operations Conference, discussing the role of technology in equipment finance and the importance of digital transformation in the industry. (Source: ELFA)

I hope this information is helpful!