The New CIT Group, Inc.—What’s Next?

The New CIT Group, Inc.—What’s Next?

In August of this year, CIT Group acquired IMB Holdco LLC, the parent company of OneWest Bank NA. The new CIT Group now operates an Internet banking franchise and 70 retail branches in Southern California. It also entered into a partnership with TPG Capital to...
CIT Group Buys OneWest Bank

CIT Group Buys OneWest Bank

CIT Group has completed its purchase of OneWest Bank for $3.4 billion. The combined company will now be categorized as “systemically important,” which means its financial holdings are so large, its collapse could cause a financial crisis. However, according to CIT...
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