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Ellen Alemany
CIT Group's profit rises as Alemany continues streamlining
Net income at the Livingston, N.J., company climbed 67% due to a variety of one-time items tied to its ongoing restructuring.
CIT agrees to sell $900 million reverse mortgage portfolio
The sale of the struggling Financial Freedom unit to an undisclosed buyer would continue CIT's strategy of shedding noncore business lines.
