CIT Group Inc. (CIT) announced that it completed the renewal of about $6 billion of facilities with multi-seller conduit providers that were scheduled to expire in the third quarter.
In addition to the renewal of a $2 billion conduit facility to finance equipment loans and leases, the company has renewed about $4 billion of conduit facilities that finance government-guaranteed student loans.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.