CIT GROUP INC Exhibit
EX-99.1 2 d597536dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   CIT Completes Sale of its European Rail Business Exits last ongoing overseas operation and outlines plan to further optimize funding NEW YORK – CIT Group Inc. (NYSE: CIT) today announced that it completed the sale of NACCO,…
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About CIT GROUP INC. (NYSE:CIT)

CIT Group Inc. (CIT) is a bank holding company. The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America, and equipment financing and leasing solutions to the transportation industry around the world. The Company’s segments include North America Banking (NAB), including Commercial Real Estate, Commercial Banking and Consumer Banking divisions; Transportation & International Finance (TIF), including Aerospace, Rail, Maritime Finance and International Finance divisions, and Legacy Consumer Mortgages (LCM), which includes single-family residential mortgage (SFR) loans and reverse mortgage loans. CIT products and services include account receivables collection; equipment leases; acquisition and expansion financing; factoring services; financial risk management; asset management and servicing; asset-based loans; insurance services; credit protection; debt restructuring, and deposits.