CIT Group in talks with regulators, shares tumble

CIT Group still in talks with regulators
Diversified lender CIT Group Inc. said it is still in talks with regulators on ways to improve its near-term liquidity as recent losses may jeopardize its compliance with capital requirements.

Sovereign Debt Turns Sour in Euro Zone
The debt crisis was fed by governments that borrowed too much, regulators that let banks treat the bonds as without risk and investors who viewed the bonds of all countries as solid.

CIT Group CFO retires, 4 new directors named
CIT Group Inc. on Tuesday said its chief financial officer is retiring, and added it is closer to filling out its new board.

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