Thain outlines challenges, goals as new CEO of CIT Group

03/18/2010 | Wall Street Journal, The

John Thain, new chief executive officer at CIT Group, said the lender's issues revolve around its debt load and a lack of confidence among regulators. "We're going to have to focus on that debt structure to get ourselves in a position where the funding costs are more in line with our businesses," Thain said. He also said regaining the confidence of regulatory authorities will be crucial to resolving the bank's issues.

View Full Article in:

Wall Street Journal, The

Published in Brief: