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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| CIT Group Inc | NYSE:CIT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 53.50 | 0 | 01:00:00 |
From May 2019 to May 2024
CIT Group Inc. cleared a significant hurdle for its pending deal to buy the parent company of OneWest Bank NA.
The Office of the Comptroller of the Currency on Tuesday said it approved the deal and lifted a foreclosure-related consent order on OneWest. The Federal Reserve still must approve the agreement.
The deal was announced last July.
The takeover of IMB Holdco LLC, which is OneWest's parent company, will bump CIT's assets up above $50 billion, making the bank large enough to be considered systemically important by regulators. CIT lends to small and medium-size businesses.
The Comptroller's office it received more than 2,300 comment letters about the transaction, as well as two petitions opposed to it with more than 21,500 signatures.
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1 Year CIT Chart |
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