Now that it has emerged from bankruptcy, CIT Group has learned firsthand the same lesson other nonbank lenders have: the key to survival is to be more like a bank.

A central part of the $69 billion-asset CIT's new business plan is adopting a "bank-centric" funding strategy. The New York commercial finance company wants to move some of its core businesses — factoring, vendor financing and small-business lending — into its $9.4 billion-asset Utah bank.

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