CIT Group Inc. (NYSE: CIT) are down about 17 percent to $1.53 on volume of 27,000 shares as of about 8:15 a.m. Eastern. Bloomberg.com is reporting that the FDIC is unwilling to indorse CIT’s bond sales because the commercial lender’s credit quality is worsening, citing people familiar with the regulator’s thinking. — Mike Tarsala
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