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News Breaks
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January 31, 2012
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| 06:38 EDT |  | CIT |
| theflyonthewall.com: | CIT Group to revise financials for first three quarters of FY11 and FY10, FY9 | | In preparing the financial statements for the quarter and year ended December 31, 2011, management identified errors principally from periods prior to bankruptcy that were not material to any individual prior period, but determined that correcting these errors in the current period would have been material to the current period financial statements. Therefore CIT will revise its financial statements for the first three quarters of 2011, and for the years ended December 31, 2010 and 2009. These errors decreased tangible book value, TBV, per common share2 by $0.32 on a cumulative basis, which is reflected in the $42.35 TBV per share2 at December 31, 2011. Further information is provided in the “Prior Period Revisions” section and Appendix. All prior period data in this release reflect the revised balances :theflyonthewall.com |
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May 14, 2012
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| 07:37 EDT |  | CIT |
| theflyonthewall.com: | American Financial Services Association to host a conference | | 22nd AFSA Finance Industry Conference for Fixed Income Investors is being held in Boston on May 14-16. :theflyonthewall.com |
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