CIT Group Inc was originally incorporated in Delaware on March 12, 2001 as T-Sub Inc. The Company provides financing, leasing and advisory services principally to middle market companies in industries primarily in North America, and equipment financing and leasing solutions to the transportation industry. The Company's principal product and service offerings include Account receivables collection, Acquisition and expansion financing, Asset management and servicing, Asset-based loans, Credit protection, Debt restructuring, Debt underwriting and syndication, Debtor-in-possession / turnaround financing, Deposits, Enterprise value and cash flow loans, Factoring services, Financial risk management, Import and export financing, Insurance services, Equipment leases, Letters of credit / trade acceptances, Mergers and acquisition advisory services (M&A), and Secured lines of credit. It operates through the following segments, North America Banking, Transportation & International Finance, Legacy Consumer Mortgages, Non-Strategic Portfolios and Corporate and Other. The Transportation & International Finance segment includes the following divisions Aerospace (Commercial Air and Business Air), Rail, Maritime Finance, and International Finance. The markets and services under this segment include large ticket equipment leasing and secured financing to select transportation industries; and Equipment finance and secured lending in select international geographies. The NAB segment includes the following divisions, Commercial Banking, Commercial Real Estate, Commercial Services, Equipment Finance, and Consumer Banking. The markets and services under this segment include factoring, receivables management products and secured financing to retail supply chain companies; and lending, leasing and other financial and advisory services to small and middle-market companies across select industries. The geographic areas of operation of the Company include USA, Asia / Pacific, Europe, Canada, Latin America and Other foreign. The Company sources business through marketing efforts directly to borrowers, lessees, manufacturers, vendors and distributors, and through referral sources and other intermediaries. It also buys participations in syndications of loans and lines of credit and periodically purchase finance receivables on a whole-loan basis. The Company's competitors include global and domestic commercial banks, regional and community banks, captive finance companies, and leasing companies. The Company is regulated by federal and state banking laws, regulations and policies.