CIT Group CEO John Thain discusses acquiring OneWest Bank and what that might signal for consolidation in banking.
John Thain - chairman and CEO of CIT Group, former CEO of Merrill Lynch and former CEO of NYSE -sat down for a wide-ranging interview with Bloomberg Television's Erik Schatzker and Stephanie Ruhle on 'Market Makers' this week.
Former Merrill Lynch CEO John Thain told CNBC that "too big to fail" banks are still a problem for markets.
John Thain, former chairman and CEO of Merrill Lynch and COO at Goldman Sachs, told Bloomberg Television's Erik Schatzker and Sara Eisen on 'Market Makers' Wednesday that a crisis like the one in 2008 could 'absolutely" happen again'.
Ex-Merrill Lynch CEO John Thain has been speaking to The Wall Street Journal.
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.
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that CIT Chairman and CEO John Thain is 'now shopping' the firm and 'looking to be acquired by a bigger bank'.
It was Thursday, January 22, 2009 and Charlie Gasparino (then at CNBC) was reporting that Bank of America CEO Ken Lewis was on his way to see former Merrill Lynch CEO John Thain to discuss the latter's future.
CIT Group Chairman & CEO John Thain spoke with FOX Business Network’s (FBN) Neil Cavuto about selling Merrill Lynch to Bank of America, saying the acquisition 'was a very good one' for both sides and 'if you look at where their earnings are coming from today, the vast majority of their earnings are coming from the pieces that were Merrill Lynch'.
John Thain on the Bank of America acquisition of Merrill Lynch.