CIT Group Inc. said today it has emerged from Chapter 11 bankruptcy.

The small business lender said it has satisfied the conditions of its reorganization plan. The distribution of CIT's new debt and equity securities has taken place in accordance with the company's plan and the new common stock has commenced trading on the New York Stock Exchange.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.