According to a regulatory filing, CIT paid only 70% of former CIT chief executive John Thain’s target bonus of $1.75 million for lack of a timely integration of the OneWest bank merger. read more
MAR 23, 2016 - 8:42 am
CIT announced several changes to its board of directors, appointing Ellen Alemany as chairwoman and nominating Michael Carpenter and John Oros for election to the board. read more
FEB 22, 2016 - 7:43 am
Bloomberg reported that CIT CEO John Thain believes the next financial crisis could originate from online lenders, hedge funds or other unregulated entities taking on some of the greatest credit risks. read more
AUG 7, 2015 - 6:50 am
In mid-September I read an article on American Banker about the “Winners and Losers on CIT’s OneWest Deal.” There were some interesting conclusions drawn by the writer. For example, CIT Group CEO John Thain was listed as a winner because... read more
Oct 2014