CIT Group Inc., the commercial lender led by former Merrill Lynch & Co. Chairman John Thain, increased its quarterly dividend 50 percent amid frustration from investors seeking bigger capital returns.
CIT Group Inc. Chief Executive Officer John Thain, whose commercial lending firm has drawn takeover speculation, said the logic of selling to a larger bank is “obvious.”
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.
CIT Group Inc., the once-bankrupt business lender run by John Thain, may have become a more attractive takeover target after escaping crisis-era regulatory curbs.
CIT Group Inc., the business lender run by John Thain, fell the most in 18 months after reporting first-quarter profit that missed analysts’ estimates.
CIT Group Inc. Chief Executive Officer John Thain, the former head of the New York Stock Exchange, said there’s too much fragmentation and insufficient transparency in the stock market.