John thain
Thain takes helm at CIT
Published online only
Source: Credit
US financial services firm CIT has recruited former Merrill Lynch chief John Thain as chairman and chief executive officer. Thain takes over from Peter Tobin who had been acting as interim CEO for the...
Original headline:
Source: Operational Risk & Regulation
NEW YORK - Chairman of the US Federal Reserve Ben Bernanke and former Treasury secretary Hank Paulson are at the centre of an investigation by New York attorney-general Andrew Cuomo into the Fed-brokered...
Published online only
Source: Risk magazine
Ken Lewis, chief executive and president of Bank of America, was voted out as chairman of the firm at a shareholders' meeting on April 29.
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Bank of America deploys 'Ice cream defence' against Cuomo
Original headline:
Source: Operational Risk & Regulation
NEW YORK - Bank of America's lawyers have sought the 'ice cream defence' to rebuff a subpoena filed by New York attorney-general Andrew Cuomo to force them to disclose the bonus structure of Merrill Lynch, which Bank of America bought on January 1. Cuomo...
Merrill Lynch chief executive forced out over bonus row
Original headline:
Source: Operational Risk & Regulation
New York - The hangover of Bank of America's (BoA) shotgun wedding to Merrill Lynch organised in September 2008 continues. John Thain, the chief executive officer of Merrill Lynch until its formal takeover by BoA on January 1, was sacked as a result of...
Anger as Bank of America withholds bonuses after $4 billion Merrill...
Original headline:
Source: Operational Risk & Regulation
Merrill Lynch under investigation by New York attorney general over its $4 billion bonus payout
Thain departs BoA within a month of merger
Published online only
Source: Risk magazine
John Thain, Merrill Lynch's former chairman and chief executive, is the second investment banking head to leave Bank of America (BoA) since the two banks' merger closed on January 1.
Merrill Lynch execs take leading role at BoA
Published online only
Source: Risk magazine
Several Merrill Lynch executives will step into leadership posts after the bank's $50 billion takeover by Bank of America (BoA), set to close in the first quarter of next year. Merrill Lynch's chairman and chief executive, John Thain, will take over...
Merrill Lynch names new CFO
Published online only
Source: Risk magazine
Nelson Chai has been appointed as Merrill Lynch's chief financial officer.
Merrill brings Thain to helm
Published online only
Source: Risk magazine
Merrill Lynch has appointed John Thain as chief executive officer to replace Stan O'Neal, who retired on October 30 after the bank announced a larger than expected $7.9 billion of writedowns due to subprime exposure.
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