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US: Thain to speak on proposed merger

By  |  February 25, 2015

CIT Group Chief Executive John Thain will speak at a public meeting hosted by federal banking regulators on a proposed merger with OneWest Bank NA’s parent company, according to an agenda of the meeting released Tuesday.

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    Bank regulators decided hold a public hearing in Los Angeles on the planned $3.4 billion takeover of OneWest Bank in Pasadena, rejecting efforts by its chief executive to win approval without such an inquiry.

     

    Full Content: The Wall Street Journal

     

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