EXHIBIT 99.2

	2011 AMERICAN FINANCIAL SERVICES ASSOCIATION CONFERENCE Glenn Votek, Executive Vice President and Treasurer June 8, 2011

This presentation contains forward-looking statements within the meaning of applicable federal securities laws that are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. The words “expect,” “anticipate,” “estimate,” “forecast,” “initiative,” “objective,” “plan,” “goal,” “project,” “outlook,” “priorities,” “target,” “intend,” “evaluate,” “pursue,” “commence,” “seek,” “may,” “would,” “could,” “should,” “believe,” “potential,” “continue,” or the negative of any of those words or similar expressions is intended to identify forward-looking statements. All statements contained in this presentation, other than statements of historical fact, including without limitation, statements about our plans, strategies, prospects and expectations regarding future events and our financial performance, are forward-looking statements that involve certain risks and uncertainties. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, these statements are not guarantees of any events or financial results, and our actual results may differ materially. Important factors that could cause our actual results to be materially different from our expectations include, among others, the risk that CIT is unsuccessful in refining and implementing its strategy and business plan, the risk that CIT’s changes in its management team affects CIT’s ability to react to and address key business and regulatory issues, the risk that CIT is delayed in transitioning certain business platforms to CIT Bank and may not succeed in developing a stable, long-term source of funding, and the risk that CIT continues to be subject to liquidity constraints and higher funding costs. Further, there is a risk that the valuations resulting from our fresh start accounting analysis, which are inherently uncertain, will differ significantly from the actual values realized, due to the complexity of the valuation process, the degree of judgment required, and changes in market conditions and economic environment. We describe these and other risks that could affect our results in Item 1A, “Risk Factors,” of our latest Annual Report on Form 10-K filed with the Securities and Exchange Commission. Accordingly, you should not place undue reliance on the forward-looking statements contained in this presentation. These forward-looking statements speak only as of the date on which the statements were made. CIT undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except where expressly required by law.

This presentation is to be used solely as part of CIT management's continuing investor communications program. This presentation shall not constitute an offer or solicitation in connection with any securities.

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• Strong franchise

• Aggressively restructuring the liability profile

• Bank strategy is well underway

• Improved risk management and controls

• Strong capital and liquidity position

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(1) Finance and Leasing assets include loans, operating leases and assets held for sale; data as of 3/31/2011

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Long-term Target reflects “steady state” performance objectives

(1) Expressed as percentages of average earning assets, except ROE

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(1) High, Medium and Low classifications are relative to Long-Term Target ranges

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Finance and Leasing Assets by Segment

• Over $7 billion assets sold since January 2010 (pre-FSA)

• Commercial portfolio optimization efforts near complete

• Returning focus to growth in core commercial franchises

(1) Consumer consists of a liquidating pool of largely government-guaranteed student loans

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• Balance Sheet Composition

  • $28 billion in core commercial portfolio

  • $11 billion of cash and short-term investments

  • ~$8 billion of government-guaranteed student loans

• High-cost Debt

  • Significant progress lowering costs

  • Opportunity for further reductions

    • $18 billion of 7% Series A/C Notes outstanding

    • $3 billion of 1^st Lien debt at 6.25% current rate; trading well above par

  • Deposits < 15% of funding today

• Other Factors

  • Asset sensitive in a low interest rate environment

  • Non-accrual percentages still well above historic norms

Total Assets - $51 billion ⁽¹⁾

(1) Data as of March 31, 2011

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25-Year Net Charge-off History ⁽¹⁾

• Provision of 75 –100 bps of AEA implies ~100 bps of net charge-offs to AFR

  • Recent losses well-above 100 bps (consumer and cash-flow)

  • Historic losses well-below 100 bps (more Vendor assets in mix today)

(1) Excludes credit related losses on discontinued operations (including home lending) which were significant in 2008 Data may not be comparable due to changes in portfolio mix and reporting

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• Capital ratios ⁽¹⁾ well above regulatory commitments and economic requirements

• Implemented new economic capital framework in January

(1) Data as of March 31, 2011
(2) Peers consist of over a dozen banks and specialty finance companies
(3) Capital expressed as a percentage of Risk-weighted assets and is subject to change

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Extended Liquidity Horizon and Improved Debt Composition

(1) Pro forma for $2.5 billion Series A redemption in May 2011 and $8.8 billion Series A to C Exchange expected to close in June 2011
(2) BHC maturity profiles exclude secured debt that is primarily repaid with pledged collateral cash flows
(3) Excludes all FSA adjustments and amortization of fees and expenses

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Summary

• Strong franchise

  • Leadership positions intact

• Commercial portfolio optimization near completion

• Focus on prudent growth returning

• Aggressively restructuring the liability profile

  • Repaid / Refinanced $13 billion of high cost debt

• Significant progress addressing covenants via the consent solicitation / exchange

• Bank strategy is well underway

  • Successful transfer of SBL platform to be followed with transfer of Vendor platform (pending regulatory approvals)

• Increased loan origination at CIT Bank with volume from all segments

• Expansion and diversification of deposit funding

• Improved risk management and controls

  • Key personnel hired and enhanced processes/controls implemented

• Making progress addressing items in the Written Agreement

• Strong capital and liquidity position

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	Questions?