CIT Group (CIT) now up 15% on reports it's negotiating a new loan that could amount to $10B. The...

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

CIT Group (CIT) now up 15% on reports it's negotiating a new loan that could amount to $10B. The funds could help the company pay maturing debt and hold off bankruptcy. Shares rose earlier on a report suggesting creditors including John Paulson could merge the firm with the former IndyMac bank.