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CNNMoney: Battered CIT returns to profitabilityupdated: Tue Apr 27 2010 16:09:00

In its first full quarter since emerging from a whirlwind trip though bankruptcy, CIT Group returned to profitability.

Fortune: John Thain's turnaround challengeupdated: Mon Feb 08 2010 14:14:00

Not so long ago, John Thain's legacy was that of the Merrill Lynch CEO who redecorated his office for $1.2 million before selling the dying investment firm to Bank of America in a controversial deal that is now under criminal investigation.

CNNMoney: Stocks set for early pullbackupdated: Mon Feb 08 2010 08:04:00

U.S. stocks were headed for a weak start Monday, as investors remain nervous about the debt situation in Europe.

CNNMoney: Former Merrill chief tapped to head CITupdated: Mon Feb 08 2010 05:40:00

Former Merrill Lynch CEO John Thain has been tapped to lead struggling lender CIT Group.

Former bank exec's legal woesupdated: Sun Feb 07 2010 22:20:00

New York's attorney general plans files civil charges against ex-Bank of America CEO Ken Lewis.

Thain back from wilderness to head CITupdated: Sun Feb 07 2010 22:20:00

John Thain has been named chief executive of the CIT Group, the troubled middle- market financial company that emerged from bankruptcy in December under the control of its primary creditors.

Fortune: MBAs get schooled in ethicsupdated: Mon Oct 19 2009 09:01:00

Rod Kramer thought it was going to be just another dinner at the Stanford Executive Program last summer.

Fortune: Superyacht race lavish as everupdated: Thu Mar 26 2009 12:56:00

Marie Antoinette was no mistress of the high seas, but she'd probably feel quite welcome this weekend in the blue waters of the eastern Caribbean.

Fortune: Not every corporate trip is a boondoggleupdated: Wed Mar 11 2009 12:18:00

I've made my career whacking big business. Magazine covers with titles like "Corporate Killers" and "How Wall Street Sold Out America" hang in my office, and my files are filled with pieces I've written about corporate tax dodging, questionable accounting and toxic waste being peddled as spring water to unsuspecting investors. Since joining FORTUNE in mid-2007, I've been complaining about the price we prudent people are paying to bail out the imprudent.

Fortune: Don't confuse rhetoric with reformupdated: Fri Feb 27 2009 06:12:00

Wall Street bashing is all the rage in Washington these days. That's understandable, given that financial excesses played a serious role in starting the recession and that some of the firms that have gotten billions of taxpayer dollars are also paying out billions in compensation.

Fortune: Divorce - Bank of America styleupdated: Fri Jan 30 2009 07:23:00

On Sept. 15 last year, Bank of America CEO Ken Lewis triumphantly unveiled his $50 billion deal to buy Merrill Lynch, an American icon. Lewis, 61, had coveted Merrill for years, and he planned nothing less than a cultural revolution. The steady, watch-the- nickels branch banker from Charlotte would impose commonsense discipline on the wounded bull, banishing the profligate practices he'd long reviled, especially inflated pay and the high-risk trading that had landed Merrill in so much trouble.

CNNMoney: BofA's Ken Lewis in the hot seatupdated: Mon Jan 26 2009 11:34:00

Bank of America CEO Ken Lewis is quickly learning just how lonely life at the top can really be.

Fortune: John Thain and the curse of being No. 2updated: Sat Jan 24 2009 11:30:00

Even before the revelations of the undisclosed massive losses, the early payment of billions of dollars in bonuses, and the delicious $87,000 rug, John Thain's days at Bank of America working for Ken Lewis were clearly numbered.

Merrill Lynch CEO resignsupdated: Thu Jan 22 2009 20:51:00

CNN's Campbell Brown weighs in on a CNBC report that former CEO John Thain spent $1.2 million sprucing up his office.

Commentary: CEO buys fancy curtains as the walls crumbleupdated: Thu Jan 22 2009 20:51:00

John Thain, the former CEO of Merrill Lynch, resigned Thursday from the company that bought Merrill out, Bank of America. As far as we can tell, his departure couldn't come soon enough.

CNNMoney: Ex-Merrill chief Thain leaving Bank of Americaupdated: Thu Jan 22 2009 15:46:00

Former Merrill Lynch CEO John Thain will leave Bank of America, the company said Thursday, just months after he shepherded a deal between the two firms during the height of the financial crisis.

Fortune: A flag on the playupdated: Mon Dec 15 2008 07:01:00

On Sunday morning, the executive group re-assembled at the Fed at nine o'clock. "Everything was ready to go on Sunday morning," one participant said. "People were happy with the term sheet, so there was a doable deal on the table." Steve Shafran, a senior advisor to Paulson and an ex-Goldman Sachs partner, told a group of Lehman Brothers executives at the Fed that morning, "It looks like we may have the outlines of a deal around the financing." After which, the Lehman bankers thought they had saved their firm.

Fortune: Thain gets busyupdated: Mon Dec 15 2008 07:00:00

While most of Wall Street was hunkered down at the New York Federal Reserve to review Lehman's books, Greg Fleming, the president of Merrill Lynch and a former financial institutions banker, had been urging his boss, John Thain, Merrill's CEO, to call Ken Lewis to talk about a deal between the two firms. Fleming had grown concerned during the week as Merrill's stock fell to $17.05 per share, from $28.50 per share. Fleming also knew that Lewis had long coveted Merrill Lynch and that Fleming's previous boss, Stan O'Neal, had no interest in such a deal.

CNNMoney: Merrill CEO drops $10M bonus bidupdated: Tue Dec 09 2008 19:34:00

Merrill Lynch's chief executive John Thain has reportedly dropped his request for a $10 million annual bonus after being blasted by New York Attorney General Andrew Cuomo.

'No way to justify request'updated: Tue Dec 09 2008 11:57:00

Merrill Lynch CEO John Thain put in for a bonus of $10 million admist company layoffs. CNN's Campbell Brown weighs in.

Commentary: 'No possible way to justify' bonus requestupdated: Tue Dec 09 2008 11:57:00

You know, it may be we have been looking at the economic picture all wrong.

CNNMoney: BofA shareholders approve Merrill purchaseupdated: Fri Dec 05 2008 12:52:00

Bank of America shareholders approved the company's bold acquisition of Merrill Lynch on Friday, paving the way for one of the biggest mergers ever in banking.

CNNMoney: Big loss for Merrillupdated: Thu Oct 16 2008 12:58:00

Another quarter, another massive loss for Merrill Lynch.

Fortune: 'The Golden Age for financial services is over'updated: Mon Sep 29 2008 08:30:00

To reach the new power center of Wall Street, hop a cab to La Guardia, board a flight for Charlotte, stride into a beige granite tower, go past the allegorical murals of the common man at work, then take the elevator to the 58th floor. You're at the headquarters of Bank of America, and you're about to enter the glass-framed suite of CEO Ken Lewis.

Fortune: Bailout cost: higher than you thinkupdated: Fri Sep 19 2008 17:32:00

Henry Paulson and Ben Bernanke have saved us, for now, from a market meltdown - but at the cost of allowing the folks who caused the current crisis to keep ducking reality.

Time.com: Financial Meltdowns: How Big a Blow?updated: Mon Sep 15 2008 12:00:00

Economists are gauging whether the current meltdown will have long-term ramifications beyond Wall Street

Time.com: Bank of America to Buy Merrill for $50Bupdated: Mon Sep 15 2008 02:00:00

Bank of America on Monday began adding another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal that would create a bank offering everything from fixed-income trading to credit card lending

Fortune: At Lehman, time for action is nowupdated: Wed Sep 10 2008 16:33:00

Lehman Brothers continues to talk a good game, but the time for action is running short.

Fortune: Wall Street, meet small streetupdated: Tue Aug 19 2008 14:41:00

Storm-tossed financial firms are throwing their treasures overboard just to stay afloat.

CNNMoney: Banks' settlements: Rare good deal for investorsupdated: Thu Aug 07 2008 18:29:00

If your bank contacts you about a bond-like investment you made some time ago, don't ignore it. You could benefit from an unusual settlement that will allow you to get back 100% of your investment's value.

Fortune: Merrill's picked pocketsupdated: Wed Aug 06 2008 14:19:00

When Merrill Lynch announced last month that it would sell back its long-held stake in financial data provider Bloomberg L.P., chief executive John Thain was praised for moving aggressively to restore the firm's capital position and slim its bloated balance sheet.

CNNMoney: Merrill Lynch reports $4.9 billion lossupdated: Thu Jul 17 2008 19:30:00

Merrill Lynch booked its fourth-straight quarterly loss Thursday, this time losing nearly $5 billion, as the nation's largest brokerage was forced to once again take massive writedowns.

Time.com: Merrill Lynch Posts $4.9B Lossupdated: Thu Jul 17 2008 19:00:00

Merrill Lynch & Co. on Thursday reported a $4.9 billion loss amid massive write-downs from soured mortgage positions and other risky investments

Fortune: Why the Fed's not done cutting ratesupdated: Wed Apr 30 2008 14:52:00

The market is eager to see Ben Bernanke heading for the sidelines. But with the U.S. economy softening, he may not stay there for long.

Fortune: Private equity's National City nightmareupdated: Mon Apr 21 2008 15:32:00

Private equity is getting a nice chunk of National City for a song. But if house prices keep falling and foreclosures continue to rise, even Monday's steeply discounted price tag may soon look dear.

CNNMoney: More pain for Merrill Lynchupdated: Thu Apr 17 2008 13:08:00

Ouch! The pain isn't over for Merrill Lynch & Co.

Home sales likely to declineupdated: Tue Apr 08 2008 07:58:00

New data on the U.S. housing market to be released. CNN's Todd Benjamin explains.

CNNMoney: Wall Street worries over earnings, jobsupdated: Tue Apr 08 2008 07:58:00

Futures were down Tuesday morning, following dismal earnings from the aluminum giant Alcoa, and ahead of a report that's expected to show a decline in pending home sales.

Bank: Rogue trader hacked computersupdated: Sun Jan 27 2008 11:49:00

The trader accused of making fraudulent transactions that cost Societe Generale €4.9 billion ($7.2 billion) hacked computers and used "several techniques of fraud," the French banking giant has said.

Police quiz accused 'rogue trader'updated: Sat Jan 26 2008 22:57:00

The trader accused of making fraudulent transactions that cost French banking giant Societe Generale €4.9 billion ($7.2 billion) is being questioned in the case, the French national police said Saturday.

Fortune: Kitchen sink approach fails Merrillupdated: Thu Jan 17 2008 18:26:00

Nothing has worked lately for Merrill Lynch and Citi - not even the time-honored Wall Street tradition of writing off everything but the kitchen sink.

CNNMoney: Merrill swings to a record $10 billion lossupdated: Thu Jan 17 2008 14:08:00

Merrill Lynch & Co. Inc. swung to its worst quarterly loss ever Thursday, as it reeled from a giant $14.6 billion hit stemming from the mortgage crisis and credit crunch.

Fortune: 3 risks Merrill investors faceupdated: Tue Jan 15 2008 14:28:00

Merrill Lynch took additional steps to shore up its depleted capital base today when it sold $6.6 billion in preferred stock to a group of investors including Mizuho Financial Group Inc., the Kuwait Investment Authority and the Korean Investment Corp.

CNNMoney: Merrill gets $6.6 billion boostupdated: Tue Jan 15 2008 10:11:00

Wall Street firm Merrill Lynch & Co. Inc. said Tuesday that it had received investment totaling $6.6 billion primarily from three foreign investment funds.

Fortune: Captain's Blog, Stardate: 1/11/08updated: Fri Jan 11 2008 17:57:00

MARKETS: Regarding Bank of America buying Countrywide, we are now starting to see some of the deal making/consolidation that I have been talking about recently. (Leaving aside the issue, as Roddy Boyd points out, that this may be bad money after bad!) I would expect more of these (WaMu/JP Morgan has been on the table) although instead of major deals so far, we are seeing something instead, which is the flurry of capital of infusions from overseas investors into Wall Street investment banks and broker dealers. To wit: Watch Merrill Lynch, where new CEO John Thain would like to match an announcement of a huge new multi-billion write-off with the announcement of more capital. I still think Bear Stearns may be dealt, although without question it could also scale back and live to see another day too. The other really big question on Wall Street is succession at Morgan Stanley, which also could end up happening in a deal. Really the best guy to take over from John Mack already has a job,

CNNMoney: Merrill raises $6.2 billion in slew of dealsupdated: Mon Dec 24 2007 14:19:00

Merrill Lynch announced three deals Monday which will allow the beleaguered bank to raise much needed cash as its new CEO John Thain tries to save the company from the huge losses it incurred after the mortgage market meltdown.

Fortune: Captain's Blog, Stardate: 12/17/07updated: Mon Dec 17 2007 11:55:00

ON CITI AND MERRILL: Take a step back and think about the removal of Chuck Prince and Stan O'Neal and the ascension of Vikram Pandit and John Thain at Citi and Merrill respectively. Talk about tradin' in and tradin' up! No question both institutions end up with much better CEOs.

Change at the topupdated: Fri Nov 16 2007 14:37:00

Robert Miller of the Daily Telegraph talks with CNN about the tapping of NYSE's John Thain as Merrill Lynch's new CEO.

CNNMoney: New NYSE chief : More consolidation aheadupdated: Thu Nov 15 2007 11:38:00

Newly-installed NYSE Euronext chief Duncan Niederauer said Thursday he anticipated further consolidation among the world's financial exchanges with just a handful of key players emerging in the next five years.

CNNMoney: Merrill taps NYSE's Thain as CEOupdated: Thu Nov 15 2007 05:28:00

Merrill Lynch & Co. said Wednesday that NYSE Euronext CEO John Thain will become the new chairman and chief executive at the nation's largest brokerage firm.

CNNMoney: President Bush makes surprise visit to NYSEupdated: Wed Jan 31 2007 14:41:00

President Bush dropped by the New York Stock Exchange in Manhattan on Wednesday after he delivered his State of the Economy speech on Wall Street, marking only the second time a sitting U.S. president has visited the NYSE floor.

CNNMoney: NYSE, Tokyo in tie-upupdated: Wed Jan 31 2007 08:39:00

The NYSE Group and Tokyo Stock Exchange have formed a broad strategic alliance that could pave the way for a financial partnership between the two exchanges.

Fortune: Behind the Lensupdated: Tue Nov 28 2006 11:05:00

Photographs of powerful people usually include the trappings: Private jets. Wood-paneled boardrooms. Sky-high apartments. Chauffeur-driven limousines. But for the pictures of Fortune's most powerfu...

Fortune: Trade your stock on the NYSE -- but don't buy NYSE stockupdated: Wed Mar 29 2006 11:11:00

On March 7, the New York Stock Exchange merged with publicly traded Archipelago to become a for-profit corporation (ticker symbol: NYX).

Fortune: Preparing the NYSE for Its Public Momentupdated: Tue Mar 07 2006 13:42:00

The tired line about a chief executive is that so-and-so "is presiding over this institution during a period of unprecedented change." But in the case of John Thain, CEO of the New York Stock Excha...

Fortune: THE HIDDEN COST OF THE BIG BOARD'S LATEST MOVEupdated: Mon May 16 2005 00:01:00

ON THE FRENETIC FLOOR OF THE NEW York Stock Exchange in late April, the roisterous, jacket-clad brokers were buzzing about a dramatic deal that might hasten the end of their way of life but would a...

CNNMoney: NYSE, Archipelago joining forcesupdated: Thu Apr 21 2005 07:09:00

Facing increased competition in a high-speed, electronically connected world, the 212-year-old New York Stock Exchange announced plans Wednesday to merge with the electronic trading firm Archipelago.

NYSE plans for-profit mergerupdated: Thu Apr 21 2005 01:43:00

Facing increased competition in a high-speed, electronically connected world, the 212-year-old New York Stock Exchange has announced plans to merge with the electronic trading firm Archipelago.

CNNMoney: No early NYSE trading anytime soonupdated: Wed Jan 26 2005 10:59:00

A New York Stock Exchange official Wednesday said reports that the exchange is considering extending its trading hours were not new. The board's hours among other things, are under review, but no imminent change is expected.

Fortune: 5 Women to Watch updated: Mon Oct 18 2004 00:01:00

Amy Butte, 36

Fortune: The Exchange Faces Change Lawsuits are flying. Customers are rebelling. And regulators are demanding reform. Can the NYSE pleaseupdated: Mon Aug 09 2004 00:01:00

With their black jackets whipping in the wind, bleary-eyed traders and brokers stamp out their cigarettes before lining up at the doors to the New York Stock Exchange. Eager to hit the floor before...

CNNMoney: NYSE close to electronic tradingupdated: Fri Jul 30 2004 07:19:00

The New York Stock Exchange is on the verge of announcing a radical new plan to allow large investors to trade big blocks of shares electronically on the floor of the exchange, according to a published report.

CNNMoney: Grasso fights to keep $140M payupdated: Fri Feb 27 2004 06:04:00

Ex-New York Stock Exchange Chairman and CEO Richard Grasso is refusing to give back any of the $139.5 million paid to him last year by the exchange and may seek $50 million more, a published report said Friday.

CNNMoney: NYSE chief proposes reformsupdated: Thu Feb 05 2004 13:37:00

John Thain, CEO of the New York Stock Exchange, announced major reform plans for the New York Stock Exchange Thursday and said the world's largest stock market will not sue former CEO Dick Grasso over his lavish pay package.

CNNMoney: NYSE Chief Mulls Trading System Changeupdated: Fri Jan 30 2004 06:15:00

Two weeks into his tenure as chief executive of the New York Stock Exchange, John Thain is considering making a big leap into the realm of electronic trading, Friday's Wall Street Journal reported.

Fortune: Mr. NYSE Guy New CEO John Thain and John Reed head for the next hurdles.updated: Mon Jan 12 2004 00:01:00

Okay, New York Stock Exchange interim chairman John Reed has the first-class CEO he wanted: Goldman Sachs's John Thain (above), 48, a man with knowledge of the markets, technical expertise, a squea...

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