Bloomberg, and other news media, are reporting that John Thain, a former chief executive officer of Merrill Lynch and more recently CEO of CIT Group Inc., is expected to join Deutsche Bank AG’s supervisory board in May, citing sources with knowledge...
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April 02, 2018, 07:40 AM
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CIT Group announced several changes to its Board of Directors designed to include additional industry expertise and shareholder representation:
Ellen R. Alemany has been appointed Chairwoman effective after John A. Thain’s retirement as Chairman...
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February 22, 2016, 08:11 AM
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CIT Group reported net income of $144 million for the fourth quarter of 2015, compared to net income of $251 million for the year-ago quarter. Income from continuing operations for the fourth quarter was $151 million compared to $252 million in the...
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February 02, 2016, 08:05 AM
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CIT Group reported net income of $693 million for the quarter ended September 30, 2015, compared to net income of $515 million for the year-ago quarter. Income from continuing operations was $697 million compared to $515 million in the year-ago...
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November 03, 2015, 07:39 AM
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The announcement by CIT Group Inc. that John A. Thain will retire as Chief Executive Officer (CEO) at the end of first-quarter 2016, following the announcement earlier this week that CIT's Chief Financial Officer (CFO) Scott T. Parker will depart the...
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October 23, 2015, 07:51 AM
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The Board of Directors of CIT Group Inc., announced that Chief Executive Officer John A. Thain will retire effective March 31, 2016, and will continue to serve as Chairman of the Board of Directors, and that CIT Board Member Ellen R. Alemany will...
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October 22, 2015, 08:06 AM
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CIT Group announced a series of strategic initiatives that are designed to advance the Company’s transition to a U.S. Commercial Bank. The Company announced that it would explore strategic alternatives for its $10 billion Commercial Air business, and...
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October 22, 2015, 07:49 AM
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CIT Group announced that Scott T. Parker, Executive Vice President and Chief Financial Officer, will leave the company in November to serve as Executive Vice President and Chief Financial Officer of Springleaf Holdings, Inc.John A. Thain, Chairman...
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October 20, 2015, 07:32 AM
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CIT Group reported net income of $115 million for the quarter ended June 30, 2015, compared to net income of $247 million for the second quarter of 2014. Net income for the six month period ended June 30, 2015 was $219 million compared to $364...
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July 28, 2015, 07:48 AM
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CIT Group reported net income of $104 million for the quarter ended March 31, 2015, compared to net income of $117 million for the first quarter of 2014. First quarter results were impacted by a higher tax provision resulting from the recognition of...
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April 28, 2015, 07:46 AM
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CIT Group reported net income of $515 million for the third quarter of 2014, compared to net income of $200 million for the year-ago quarter. Income from continuing operations for the third quarter was $515 million compared to $193 million in the...
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October 28, 2014, 07:09 AM
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CIT Group Inc., today announced that it has entered into a definitive agreement and plan of merger with IMB Holdco LLC, the parent company of OneWest Bank N.A. (“OneWest Bank”), for $3.4 billion in cash and stock.OneWest Bank is a privately owned...
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July 22, 2014, 07:51 AM
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CIT Group today reported net income of $109 million for the quarter ended March 31, 2014, compared to net income of $163 million for the first quarter of 2013. First quarter results were primarily impacted by lower levels of interest income, higher...
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April 29, 2014, 07:33 AM
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CIT Group today reported net income of $130 million for the fourth quarter of 2013, compared to net income of $207 million for the fourth quarter of 2012. Net income for the year ended December 31, 2013 was $676 million compared to a net loss of $592...
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January 28, 2014, 07:41 AM
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Middle-market executives, whose companies take in more than $6 trillion in revenues and employ more than 30 million people annually, are expressing renewed optimism in their business prospects compared to a year ago. However, despite this positive...
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October 09, 2013, 07:39 AM
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Bloomberg reported that John Thain, chief executive officer of CIT Group, discussed the outlook for the company and the U.S. financial industry while speaking on Bloomberg Television's "Market Makers".According to the Bloomberg report, Thain declined...
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June 13, 2013, 07:52 AM
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CIT Group, a leading provider of financing and advisory services to small businesses and middle market companies, announced that it received notice from the Federal Reserve Bank of New York (the FRBNY) that the Written Agreement, dated August 12...
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May 31, 2013, 08:03 AM
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CIT Group reported a net loss for the quarter ended September 30, 2012 of $305 million compared to a net loss of $32.8 million for the third quarter of 2011. The current period includes charges of $471 million related to the redemption of $4.6...
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October 23, 2012, 09:00 AM
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While economic uncertainty at the national level is a top concern among middle market executives, many still believe that their companies are on solid ground. More than half (53%) say that their companies are stronger today than before the Great...
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September 27, 2012, 07:00 AM
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