CIT CEO John Thain expects to retire next year, the company announced in a Wednesday afternoon news release.
CNBC's Mary Thompson reports on CIT's CEO John Thain planning to retire, and who will replace him.
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.
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.