Texas commercial finance company plants flag here
Big Houston lender runs nine offices around country
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Tennessee Commerce sued for sales commission and more
Life settlement company claims it's owed $250K
Sep 21, 2011 2:50 PM
Yeah, this won't help
CIT's factoring business, worth about $42 billion in 2008, is estimated to be at least five times the size of its closest competitor, Wells Fargo & Co, followed by other smaller companies such as GMAC Inc and Rosenthal & Rosenthal. It is not clear if these rivals have enough capacity to take on all of CIT's existing customers.SEE ALSO: The company's official restructuring site.
Nov 2, 2009 7:55 AM
