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Ex-Merrill CEO Thain Works His Magic Again

Super Thain

John Thain, who sold Merrill Lynch for a premium at the height of the financial crisis, has transformed the once-bankrupt lender CIT Group into an enticing takeover target for some of the largest banks.

France Threatens To Blacklist Austria On Bank Secrecy


Austria hit back at critics of its banking secrecy on Thursday by urging Britain and the United States to crack down on money laundering and in their own backyards, as EU ministers prepared to debate the issue in Dublin.

SEC Appoint Deputy Director

SEC Logo

The Securities and Exchange Commission has announced that Jennifer Marietta-Westberg has been named Deputy Director of its Division of Risk, Strategy, and Financial Innovation (RSFI).