John Thain Related Content

CIT Cuts Thain’s Bonus for Lack of Timely Integration of OneWest

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

CIT Announces Changes to Board of Directors

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

Thain: Unregulated Lenders to Probably Cause Next Crisis

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

Battling Margin Pressures

Dexter Van Dango

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

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