by Calculated Risk on 7/15/2009 03:44:00 PM

From CNBC: CIT Shares Halted as Decision On US Aid for Lender Nears

Shares of CIT Group were halted late Wednesday as financial regulators neared a decision on aiding the troubled lender, CNBC has learned.

A resolution of the CIT situation is expected within the next 24 hours, sources said.