July 15 (Bloomberg) -- CIT Group Inc., the commercial lender pleading for a federal bailout, had trading halted amid speculation that regulators are close to a plan that would rescue the New York-based lender. The New York Stock Exchange stopped trading in CIT shares, citing “pending news.” U.S. aid including a temporary loan may be announced in the next 24 hours, Reuters reported, citing a person familiar with the matter. Alternatives include access to the Federal Reserve’s discount window and asset transfers, with no guarantee any plan will emerge, Reuters reported.
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