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Wednesday, April 7, 2010 as of 11:14 AM ET

CIT Group

    CIT Group Inc. () is a United States bank holding company founded in 1908 with more than $35 billion in finance and leasing assets.

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    Get updates on CIT Group
    Big Outflow Shows Turning Point In Appetite For Junk Bonds

    Individual investors' love affair with junk bonds appears to be on the rocks.

    High-yield bond funds saw their fourth-largest redemptions on record in the latest week, professional investors have increasingly bearish positions on some of the funds and plans for new bond sales have been pulled.The net outflow of $2.46 billion from high-yield mutual funds and exchange-traded funds contributed to the first weekly outflow for the entire taxable bond fund universe since mid-December, according to Thomson Reuters-owned Lipper.It was also the biggest weekly withdrawal from junk-bond funds since August--despite being only the third outflow in the last 25 weeks, a stretch that saw $25.8 billion flow into the funds.That is a marked shift in sentiment from earlier in the year, when a rally driven by optimism over Europe lifted all boats--even scrap in the junkyard--making high-yield bonds a magnet for investors' cash."Lately, a combination of pressures from Europe and questions about growth global...

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    1. CIT , Wells Fargo Could Be Logical Buyers Of Ally Assets - KBW

      CIT Group Inc. (CIT) and Wells Fargo & Co. (WFC) could be interested in parts of Ally Financial Inc.'s business if the government-owned auto lender decides to sell a...

    2. Report: CIT has Sears on a Tight Leash

      CIT Group Inc (NYSE:CIT) will again stop providing loans to suppliers of Sears Holdings Corp (NASDAQ:SHLD) after Tuesday as the business lender awaits more informati...

    3. CIT 4Q Net Slides 59%; To Restate Some Prior Results

      (Updated with details about online bank in paragraphs 12-14, CEO comments on European opportunities in paragraphs 16-17 and added details throughout)DOW JONES NEWSWI...

    4. Sears Shares Surge Back to Life

      Left for dead just weeks ago, shares of Sears Holdings (NASDAQ:SHLD) have been on fire of late. In just nine trading days, Sears stock has surged almost 80% as Wall ...

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    6. Bank Ratings Are Secondary to Insured Deposits

      Dear Dr. Don, You have CIT bank listed as an all-star bank. I am not sure after reading all the negative things about this institution that it is safe, insured, etc....

    7. Weekly Jobless Claims Rise to 399,000

      FBN’s Diane Macedo breaks down the stories moving the markets.

    8. Lender Shies Away From Slumping Sears

      Shares of Sears Holdings (NASDAQ:SHLD) retreated Thursday morning following reports that key commercial lender CIT Group (NYSE:CIT) has stopped financing loans from ...

    9. Sears Shares Fall On Report Some Financing Pulled

      Sears Holding Corp. shares fell almost 9% in Thursday preopen trading following a report that said CIT Group has pulled some financing from the firm. The Wall Street...

    10. Futures Pare Gains as Traders Weigh Data, European Debt

      FOX Business: The Power to ProsperStock-index futures fell from the highs of the session as traders weighed a round of weaker-than-expected economic data with positi...

    11. Industrial, Material Shares Lift Wall Street

      FOX Business: The Power to ProsperA late-session rally in industrial and basic materials stocks offset losses seen across the energy sector, lifting the markets into...

    12. Wall Street Fluctuates in Tepid Trade

      FOX Business: The Power to ProsperThe markets bounced between gains and losses in tepid trading on Thursday as market participants mulled economic data, European dev...

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    2. SEC Begins Informal Review of J.P. Morgan Losses

      FBN’s Liz MacDonald on the SEC beginning an informal inquiry of the bank’s disclosure of its losses.

    3. CIT Reports $447M 1Q Loss

      CIT Group Inc, the small-business lender led by former Merrill Lynch Chief Executive Officer John Thain, said it lost $446.5 million in the first quarter after takin...

    4. Regions Financial, Cliffs Natural Resources Included in Stocks up on High Volume Wednesday

      A few stocks are up on high volume today:Today, Regions Financial Corporation (NYSE: RF ) is up on high volume, trading at a volume of 108.4 million, or 5.4 times it...

    5. CIT Raises Cost Estimate For Litigation

      CIT Group Inc. (CIT), the business lender led by John Thain , raised its estimate for potential losses from litigation, according to a regulatory filing.The company,...

    6. Sears Looks to Quell Wall Street Fears

      Sears Holdings Corp plans to raise about $770 million spinning off a business of about 1,250 stores and selling some prime real estate, hoping to convince Wall Stree...

    7. Jobless Claims Lift Stocks

      FBN's Robert Gray breaks down the stocks moving the markets.

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