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Mon Jun 09, 2008CIT Group BondsAccording to CBS MarketWatch.com today, CIT Group agreed to a $3 billion long-term committed financing facility provided by Goldman Sachs Group Inc. The commercial finance company said the move is designed to strengthen its balance sheet and improve and diversify its liquidity and funding. Shares of CIT Group have fallen more than 60% so far this year as the company has faced pressure over its liquidity position and mortgage exposure. The company has been selling assets and raising capital to boost the balance sheet. This positive news. [0] comments (1789 views) | Thu Apr 24, 2008Deckert Leahy Welcomes John B. Clair as a New Member of Its Advisory Staff
A native Richmonder, John graduated magna cum laude from Virginia Tech in 1997 with a degree in Finance. While at Virginia Tech, he was President of the student-run organization known as SEED where he was responsible for managing a multi-million dollar portion of the university's endowment - the largest organization of its kind in the country. Upon graduation, John was honored as the Finance Student of the Year and with the Outstanding College Service Award. [0] comments (3087 views) | Thu Feb 28, 2008Communicate with a Financial AdvisorGive us your questions and we'll provide you with answers as soon as possible. [0] comments (1147 views) | |
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