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02/08/2010 12:02:56 PM EST

CIT names ex-Merrill CEO Thain as chairman, CEO

NEW YORK-(AP) Former Merrill Lynch CEO John Thain, who brokered the investment bank's controversial sale to Bank of America, is taking over as chairman and CEO of CIT Group as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year.

CIT Group Inc., one of. . .

 

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