John Thain News
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Carole Server, a New York collector, bought lunch and three paintings at the VIP opening of Frieze Art Fair on New York’s Randall’s Island on Thursday.
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CIT Group Inc., the financial services company led by John Thain, arranged a $26 million credit facility for Citizens Energy Corp. to build five solar farms in Massachusetts.
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– Barrick Gold Corp. founder Peter Munk sees a successor in former Goldman Sachs Group Inc. President John Thornton as the world’s biggest gold miner tries to reverse a 54 percent plunge in market value in the past year.
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John Thain, who sold Merrill Lynch & Co. for a premium at the height of the financial crisis, has transformed the once-bankrupt lender CIT Group Inc. into an enticing takeover target for some of the largest banks.
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John A. Thain , the former Merrill Lynch & Co. executive leading a turnaround of CIT Group Inc. , told analysts he didn’t take the job to wind down the company, according to KBW Inc.
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The global financial elite don’t want to be fooled again.
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Less than three years after CIT Group Inc. completed its bankruptcy reorganization, Chief Executive Officer John Thain is persuading investors that its debt is as creditworthy as an investment-grade firm.
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The master of ceremonies made a mistake as he named John Thain one of the year’s finest dads, introducing him as the chief executive officer of Citigroup Inc.
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CIT Group Inc. sold $3.25 billion of debt in its second and biggest bond sale since emerging from bankruptcy in December 2009 as the small-business lender led by John Thain pays back “high-cost debt” this quarter.
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Wells Fargo & Co., the largest U.S. mortgage lender, will pay $125 million and set up a $50 million assistance fund to settle U.S. allegations that it discriminated against minority borrowers.
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