John Thain, CEO of CIT Group and former CEO of Merrill Lynch, and WSJ Financial Editor Francesco Guerrera discuss the outlook for Wall Street. Mr. Thain says the issue of ‘too big to fail’ has ...

Johnson discusses his interview with former Merrill Lynch CEO and current CIT Group chief executive John Thain, and Thain's regrets through his tumultuous Wall Street career. Photo: Getty Images ...

CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said in early February, wagering that the well-traveled executive can guide its ...