John Thain
John Thain
John Alexander Thainis an American businessman, investment banker, and former chairman and CEO of the CIT Group...
creating-things ideas three
To model correctly one tranche of one CDO took about three hours on one of the fastest computers in the United States. There is no chance that pretty much anybody understood what they were doing with these securities. Creating things that you don't understand is really not a good idea no matter who owns it.
thinking europe asia
I think there will be linkages between the U.S. and Europe and I think there will be linkages between the U.S. and Asia; that is probably a little further off.
should
Over time, all of the markets should be combined.
knowledgeable position activity
Regulators are in the best position to regulate when they are intimately knowledgeable about the activities they are regulating.
advisory asset banking continued investment management mergers performance steady strong third
The firm's investment banking advisory business, particularly in mergers and acquisitions, demonstrated a strong performance in the third quarter, and asset management continued its steady growth,
along businesses certain credit financial global key negatively relative trading turmoil
Along with most other participants in the financial-services sector, certain key businesses were negatively impacted by the turmoil in the global financial markets, including, in particular, our credit and relative trading activities.
amy business drive financial grateful helped improve invaluable led pricing reinvent systems work
Amy led the drive to improve efficiencies, modernized the exchange's financial systems and processes, and helped reinvent our business and pricing models. I am especially grateful to Amy for her invaluable work on the NYSE/Archipelago merger.
afford easily good margins numbers wage
You will see more wage growth. The productivity numbers have been so good and the margins have been so good we can easily afford more wages.
beginning group march mark plan shares trade
We plan to trade the first shares of the NYSE Group on March 8. This will mark the beginning of a new era.
best high lose market offer share
By having a high market share like we have today, we offer the most liquidity and the best prices. If that were to dramatically fragment, you lose the liquidity and the pricing.