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CIT Group Names Ex-Merrill CEO Thain As Chairman

 MORNING EDITION

February 8, 2010 4 a.m.

CIT Group has chosen former Merrill Lynch CEO John Thain to lead the company as chairman and CEO as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year. Thain served as chairman and CEO of Merrill Lynch until its sale to Bank of America was completed in January 2009.
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