Allowance for credit losses recognized on PCD assets.

No definition available.

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- Definition

Financing receivable.

+ References

No definition available.

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- Definition

Other reserves additional credit loss reserves for unfunded lending commitments, letters of credit and for deferred purchase agreements.

+ References

No definition available.

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- Definition

Percentage of loan net.

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No definition available.

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- Definition

Amount of other addition (reduction) in allowance reserve for credit loss.

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- Definition

Reserve for loans impairments recorded after acquisition as a result of current information and events which result in it being probable that estimated cash flows will be less than previously expected or because actual cash flows are less than cash flows previously expected. This relates to loans not accounted for as debt securities, with evidence of deterioration of credit quality since origination that was acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable.

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- Definition

Amount, after fee received for commitment to originate or purchase, of financing receivable. Excludes financing receivable covered under loss sharing agreement.

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- References

No definition available.

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- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

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- Definition

The valuation allowance for financing receivables that are expected to be uncollectible that were collectively evaluated for impairment.

+ References

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- Definition

Amount of valuation allowance for financing receivables that are expected to be uncollectible that were individually evaluated for impairment.

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- Definition

Amount of recovery of financing receivables doubtful of collection that were previously charged off.

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- Definition

A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.

+ References

No definition available.

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- Definition

Amount of writeoff of financing receivable, charged against allowance for credit loss.

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- Definition

The balance of financing receivables that were collectively evaluated for impairment.

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- Definition

The balance of financing receivables that were individually evaluated for impairment.

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- Definition

Represents the quantification of the effect of adopting the new accounting standard or change in accounting principle expected by the entity to have a significant effect on the entity's financial statements.

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No definition available.

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- Definition

Amount of credit loss expense (reversal of expense) for financing receivable.

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Allowance For Credit Losses (Schedule of Allowance for Credit Losses and Recorded Investment in Finance Receivables) (Details) - USD ($) $ in Millions		3 Months Ended
	Jan. 01, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 482.6	$ 482.6	$ 489.7
Legacy CIT(1) CECL adoption		223.6
Provision for credit losses		513.9	33.0
The initial ACL recognized on PCD assets	58.8	20.2
Other		(75.6)	(1.6)
Gross charge-offs		(63.0)	(39.6)
Recoveries		9.4	6.0
Allowance balance - end of period		1,111.1	487.5
Allowance balance
Loans individually evaluated for impairment			96.2
Loans collectively evaluated for impairment				$ 369.0
Allowance for credit losses	482.6	482.6	487.5	482.6
Other reserves				37.1
Loans receivables
Loans individually evaluated for impairment				320.7
Loans collectively evaluated for impairment				29,400.6
Loans		38,530.4	31,247.0	$ 30,998.9
Ending balance		38,530.4	31,247.0
Percent of loans to total loans				100.00%
PCI Loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Gross charge-offs	(38.6)
Loans receivables
Loans				$ 1,277.6
PCI Loans \| OneWest Bank
Allowance balance
Loans acquired with deteriorated credit quality				17.4
Loans receivables
Loans				1,277.6
Commercial Banking
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	460.4	460.4	460.2
Legacy CIT(1) CECL adoption		74.7
Provision for credit losses		508.9	35.1
The initial ACL recognized on PCD assets		18.8
Other		(73.4)	(1.3)
Gross charge-offs		(60.8)	(38.9)
Recoveries		9.0	5.7
Allowance balance - end of period		937.6	460.8
Allowance balance
Loans individually evaluated for impairment			96.0
Loans collectively evaluated for impairment				354.6
Allowance for credit losses	460.4	937.6	460.8	460.4
Other reserves				36.4
Loans receivables
Loans individually evaluated for impairment				294.6
Loans collectively evaluated for impairment				24,071.0
Loans		30,022.7		$ 24,393.4
Ending balance		30,022.7
Percent of loans to total loans				78.70%
Commercial Banking \| PCI Loans \| OneWest Bank
Allowance balance
Loans acquired with deteriorated credit quality				$ 9.8
Loans receivables
Loans				27.8
Consumer Banking
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	22.2	22.2	29.5
Legacy CIT(1) CECL adoption		148.9
Provision for credit losses		5.0	(2.1)
The initial ACL recognized on PCD assets		1.4
Other		(2.2)	(0.3)
Gross charge-offs		(2.2)	(0.7)
Recoveries		0.4	0.3
Allowance balance - end of period		173.5	26.7
Allowance balance
Loans individually evaluated for impairment			0.2
Loans collectively evaluated for impairment				14.4
Allowance for credit losses	$ 22.2	173.5	$ 26.7	22.2
Other reserves				0.7
Loans receivables
Loans individually evaluated for impairment				26.1
Loans collectively evaluated for impairment				5,329.6
Loans		8,507.7		$ 6,605.5
Ending balance		$ 8,507.7
Percent of loans to total loans				21.30%
Consumer Banking \| PCI Loans \| OneWest Bank
Allowance balance
Loans acquired with deteriorated credit quality				$ 7.6
Loans receivables
Loans				$ 1,249.8