CIT Group is a bank and a financial holding company. Through its subsidiaries, the company provides financing, leasing and advisory services to middle-market companies and small businesses in a range of industries in North America. The company also provides banking and related services to commercial and individual customers through its banking subsidiary. The company has three operating segments: Commercial Banking, which include Commercial Finance, Rail, Real Estate Finance, and Business Capital; Consumer Banking, which includes Retail Banking, Consumer Lending, and Small Business Administration Lending; and Non-Strategic Portfolios, which includes businesses and portfolios that the company no longer consider strategic.
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