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Posted on: Jan. 19, 2017, 1:37 p.m.
In 2009, Steven Mnuchin and a handful of other wealthy investors bought the assets of IndyMac, a failed Pasadena savings and loan, and renamed it OneWest Bank. By the time they sold the institution six years later, it was unrecognizable, a wholly different kind of bank from the insolvent mortgage lender Mnuchin started out with — and a different kind of bank than many of its competitors. Full investment news articleRelevent to this post: CIT Group Louisiana State Employees' Retirement System,