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Thain, Ex-Merrill Lynch CEO, Said to Be in Talks to Run CIT

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TWO PEAS IN A POD
"John Thain, who was Merrill Lynch & Co.’s chief executive officer before being ousted a year ago, has held talks to become the head of CIT Group Inc., the commercial lender that emerged from bankruptcy last month, according to people familiar with the matter.

Jeffrey Peek, the former investment banker who has managed New York-based CIT since 2004, is scheduled to leave Jan. 15, CIT said in a statement today. Thain is considering alternatives and hasn’t made any decisions, according to one of the people, who declined to be identified because CIT’s search for a new CEO is private."
SOURCE:   Bloomberg

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