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Its loan arm is sitting on capital worth about 33% of its lending.
Ford Credit, its auto loan arm, took a $2.1 billion write-down to cover the shrinking value of its lease portfolio.
Executives at the company told analysts in a conference call that they expected to now be able to sell some mortgages from Residential Capital, its struggling home loan arm, to third-party investors.
He has secured a $3.5 billion contribution to the bank's aid coffers from two other parts of its empire: its loan arm to middle-income countries, such as Turkey, and the International Finance Corporation (IFC).
Andrew M. Cuomo, the New York attorney general, had issued subpoenas to CIT and its student loan arm as part of an investigation into pay-for-play practices involving lending officers at schools and colleges.
But in terms of lending, if we think about the amounts, in the five years from 2011 to 2015, IBRD, so the standard hard loan arm of the World Bank was 105 billion, IDA that's the softer side, for the poorest countries, was 89 billion.
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Adds Tom Quindlen, chief commercial officer for GE Capital Solutions, one of the unit's leasing and loan arms: "We're asking customers, What are your needs?' instead of How about a lease?'".
Richer countries, even if badly run, can still unlock money from the IBRD, the Bank's commercial-loan arm.
Between them, these countries owe $42.5 billion to the World Bank's soft-loan arm, $10 billion to the AfDB and $5 billion to the IMF.
The Bush team wants the International Development Association (IDA), the World Bank's soft-loan arm, to give money to the poorest, not to lend it.
Further, the administration wants any increase in American contributions to the Bank's soft-loan arm to depend on measurable evidence of success.
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CEO of Professional Science Editing for Scientists @ prosciediting.com