Former Merrill chief tapped to head CIT February 8, 2010: 4:44 AM ET LONDON (CNNMoney.com) -- Former Merrill Lynch CEO John Thain has been tapped to lead struggling lender CIT Group. CIT (, ), the small business lender that emerged from bankruptcy in December, announced Sunday that it had chosen Thain to be its chairman and CEO. Thain held the top post at Merrill before it was sold to Bank of America (, ) in September 2008 during the height of the financial crisis, a deal that Thain helped...
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