The FDIC is reportedly unwilling to guarantee CIT Group's (CIT) bond sales because the lender's...

|About: CIT Group Inc. (CIT)|By:, SA News Editor

The FDIC is reportedly unwilling to guarantee CIT Group's (CIT) bond sales because the lender's credit quality is worsening and a guarantee would put taxpayer money at risk. Sources say the FDIC is in talks with CIT about how to strengthen its financial position in order to get approval.