CIT Group, Inc. New Common (CIT)

[strikehold]

Is this the reason for the bounce?

Citigroup was rising by nearly 1% after Reuters reported that the bank is close to finalizing a $1.1 billion sale of Japan's largest telemarketer, Bellsystem24, to private equity firm Bain Capital. Final details are being worked out and an official announcement is likely to be made within days, the report said, citing people familiar with the situation. Citigroup was lately up 3 cents, or 0.7%, to $4.09.