Image: Bloomberg News
HUNGRY FOR DEPOSITS: "We needed core retail deposits, both to diversify the funding of our bank and to lower the cost of funding in our bank," said CIT's chief executive, John Thain.

CIT-OneWest Deal Shows Value of Core Funding

CIT Group's deal for OneWest is further proof that buyers are increasingly eyeing deposits, not assets, as they prepare for an increase in loan demand and look to position themselves for rising interest rates.

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