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John Thain

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  1. A ‘Sigh of Relief’ at Davos: Confidence and Caution Shared Center Stage

    Headlines

    Wed, 30 Jan 2013

    strolled together through a crowded reception, the crowd literally parted. But in 2008, I had also witnessed Merrill Lynch CEO John Thain warn of dark days ahead, and in 2009, I heard angry recriminations in the wake of the financial crisis and the failures

  2. New life for Simpson Bowles?

    Commentary

    Mon, 1 Oct 2012

    like a quick appointment will be important because of the needed "cliff" negotiations. Dick, I'm sure you'll be delighted to learn that your friend John Thain is on the Republican short list. But would he be a good negotiator? DrH

  3. CIT earnings beat expectations, shares rise

    Headlines

    Tue, 31 Jan 2012

    (Reuters) - CIT Group Inc , the business lender led by former Merrill Lynch Chief Executive John Thain , said fourth-quarter net income fell 59 percent, but a decline in problem loans and borrowing...

  4. CIT will soon take deposits by Internet: CEO

    Headlines

    Wed, 14 Sep 2011

    (Reuters) - CIT Group Inc will begin taking bank deposits over the Internet within the "next month or two," Chief Executive John Thain said on Wednesday.

  5. CIT Group CEO Thain buys company's battered stock

    Headlines

    Wed, 24 Aug 2011

    NEW YORK (Reuters) - CIT Group Chief Executive John Thain made his first-ever market purchases of the company's battered stock on Tuesday, spending $1.19 million and boosting his personal holdings...

  6. CIT Group Q1 profit falls 55 percent

    Headlines

    Wed, 27 Apr 2011

    NEW YORK (Reuters) - CIT Group Inc , the business lender run by former Merrill Lynch Chief Executive John Thain , said first-quarter profit fell 55 percent, hurt by charges linked to buying back debt.

  7. John Thain Admits He Didn't Understand Merrill's Risks

    Headlines

    Thu, 8 Oct 2009

    t understand what they were doing , John Thain said in a recent speech . " To model ..... first earnings conference call on which John Thain sat . One of the things that impressed ..... of sensitivity there on the impact ? John Thain : The problem is , as you know , that

  8. Thain to Resign

    Commentary

    Thu, 22 Jan 2009

    John Thain , former CEO of Merrill Lynch, has agreed to resign from Bank of America BAC less than a month after the controversial deal closed

  9. Merrill Reports Horrific 4Q Results

    Commentary

    Thu, 17 Jan 2008

    the 19% that Standard & Poor's announced it now expects on 2006 vintage subprime mortgage related securities. New CEO John Thain emphasized the strength of the firm, notably its retail brokerage force, which we have always believed is its most powerful

  10. Possible Second Capital Infusion

    Commentary

    Thu, 10 Jan 2008

    If the reports are true, the new capital would likely be between 5% and 7% dilutive to existing shareholders. New CEO John Thain is likely trying to flush any questionable assets off of Merrill's books, thus giving him a clean slate to work with as

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