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CIT receives Fed non-objection to amended capital plan

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CIT receives Fed non-objection to amended capital plan

CIT Group Inc. on Feb. 1 received Federal Reserve "non-objection" to its amended 2017 capital plan.

The plan now includes the issuance of up to $400 million in Tier 2 qualifying subordinated debt and an increase in common equity distribution of up to $800 million, subject to certain conditions.