CIT Group to Name Interim CEO - TheStreet

NEW YORK (

TheStreet

) --

CIT Group

(CIT) - Get Report

will appoint an interim CEO next week to replace Jeff Peek, who is scheduled to step down from the post, according to a

Bloomberg News

report, which cited a company spokesman.

CIT, one of the nation's largest lenders to small and mid-sized companies, filed for bankruptcy late last year after the

Federal Deposit Insurance Corp.

refused to guarantee its short-term debt, as it had done for

General Electric

(GE) - Get Report

and large banks like

Bank of America

(BAC) - Get Report

,

Citigroup

(C) - Get Report

and

JPMorgan Chase

(JPM) - Get Report

.

After an unusually quick reorganization, CIT Group re-emerged as a publicly traded company on Dec. 10 and has rallied some 25% since then. The lender

has named some high-profile financial industry veterans to its board

, and there have been reports it may hire former

Merrill Lynch

and

NYSE Euronext

(NYX)

boss John Thain as a permanent replacement for Peek.

CIT's shares were down about 2% on light volumes Friday.

--

Written by Dan Freed in New York

.