Mnuchin had deeper ties to nonprofits that praised his bank in lucrative merger

The deal was helped by supportive letters from 14 nonprofits that received a combined $5.95 million from OneWest’s charitable arm.

Steven Mnuchin, Donald Trump’s Treasury nominee, became a far wealthier man in 2015 when CIT Group spent $3.4 billion to buy up OneWest, a bank Mnuchin chaired.

The deal was helped along by supportive letters written by 14 nonprofits that had received a combined $5.95 million from OneWest’s charitable arm in the years before and after the sale. That helped counter opposition to the merger from advocacy groups. … read more.Source: Mnuchin had deeper ties to nonprofits that praised his bank in lucrative merger

Read more here: https://www.opensecrets.org/news/2017/01/mnuchin-ties-to-nonprofits/

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