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Business John Thain

  • CIT pressured by costs in 2Q; nears closing on OneWest Tuesday, 28 Jul 2015 | 6:39 AM ET

    NEW YORK— CIT Group's second-quarter profit slipped as net finance margins fell and the bank incurred higher costs. The commercial lender earned $115.3 million, or 66 cents per share, for the period ended June 30. The average estimate of eight analysts surveyed by Zacks Investment Research was for slightly higher earnings of 68 cents per share.

  • We are seeing lack of leadership in DC: Thain Tuesday, 8 Oct 2013 | 4:17 PM ET
    We are seeing lack of leadership in DC: Thain

    John Thain, CIT Group chairman and CEO, reacts to President Obama's address. "A default would cause a tremendous amount of disruption in the market place" he says.

  • CIT Group CEO Thain: Gathered Over 30 Tons of Food For Charity

    John Thain, chairman & CEO of the CIT Group, reacts to the Cyprus bailout, whether CIT is up for sale and on his company's successful food drive.