Bloomberg News
"This transaction does put us over $50 billion, but we've been planning for that," said John Thain, CEO of the $48.6 billion-asset CIT Group, which has agreed to buy OneWest Bank for $3.4 billion.

CIT's Thain Tackles Banking's Tough Questions in OneWest Deal

John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers.

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