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In 1965, it acquired Meadow Brook Bank for $106.7 million in stock. In 1969, CIT entered the personal and home equity loan and leasing business and left auto financing. In 1979, restrictive banking rules forced CIT to sell its bank, National Bank of North America. CIT was acquired by RCA Corporation in 1980. RCA promptly sold CIT's four ...
Political party. Republican. John Alexander Thain (born May 26, 1955) is an American financial executive and investment banker. He was president and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. Thain then became the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America.
Nelson Joosuk Chai (born 1965) is an American investment banker and financial executive. [1] [2] He formerly served as the chief financial officer of American financial services company Merrill Lynch and briefly as Bank of America 's president for the Asia-Pacific region. [3] [4] He is the former president of CIT Group and reported directly to ...
Here is a breakdown of how Bank of America stock is performing, how the company is faring, and whether or not now is the right time to invest in the company. Bank of America: A Healthy-Looking ...
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Despite shares of Bank of America more than doubling in value in 2012, the stock still trades below its tangible book value per share -- a sign the bank may be undervalued. Although shares may ...
The bank became the largest bank in New York City after the Panic of 1893 and the largest bank in the U.S. by 1895. It became the first contributor to the Federal Reserve Bank of New York in 1913, and the following year it inaugurated the first overseas branch of a U.S. bank in Buenos Aires , [13] although the bank had been active in plantation ...
Some of the companies making headlines today: Bank of America Corp. (BAC) is set to appoint an "emergency" CEO in case legal troubles force the controversial Kenneth Lewis to step down early.
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