Banking Reporter, New York
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Jun 25, 2010
Jun 25, 2010

Crisis panel calls AIG’s Cassano, Goldman’s Cohn

NEW YORK/WASHINGTON, June 25 (Reuters) – Joseph Cassano,
the former head of American International Group Inc’s (AIG.N: Quote, Profile, Research)
Financial Products Group, and Goldman Sachs Group Inc (GS.N: Quote, Profile, Research)
President Gary Cohn are expected to testify next week before
the U.S. commission investigating the causes of the financial
crisis.

The Financial Crisis Inquiry Commission said on Friday that
Cohn and Cassano would be among several current and former
Goldman and AIG executives testifying at a hearings in
Washington next Wednesday and Thursday on derivatives.

Jun 25, 2010
Jun 24, 2010

Saving Goldman Sachs

NEW YORK (Reuters) – Four days after U.S. securities regulators charged Goldman Sachs Group(GS.N: Quote, Profile, Research) with civil fraud, Ash Williams, the top administrator for Florida’s $138 billion in public investments, wanted to talk to someone at the Wall Street firm.

And he didn’t want to speak to just anyone. He asked specifically for Gary Cohn, Goldman’s president and Chief Executive Officer Lloyd Blankfein’s top lieutenant.

Jun 23, 2010
Jun 23, 2010

Special Report: Saving Goldman Sachs

NEW YORK (Reuters) – Four days after U.S. securities regulators charged Goldman Sachs Group with civil fraud, Ash Williams, the top administrator for Florida’s $138 billion in public investments, wanted to talk to someone at the Wall Street firm.

And he didn’t want to speak to just anyone. He asked specifically for Gary Cohn, Goldman’s president and Chief Executive Officer Lloyd Blankfein’s top lieutenant.

Jun 22, 2010

Jefferies shares up on investment banking results

NEW YORK (Reuters) – Jefferies Group Inc (JEF.N: Quote, Profile, Research) posted a higher-than-expected quarterly profit on Tuesday as its investment banking revenues more than doubled, sending its shares up more than 8 percent.

The midsize New York-based investment bank moved up its reporting calendar this year, causing it to announce its second-quarter profit ahead of bigger banks like Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) and Morgan Stanley (MS.N: Quote, Profile, Research), which plan to release their results in July.

Jun 16, 2010

Goldman’s Cohn set to chat with wealthy clients

NEW YORK (Reuters) – The Goldman Sachs Group Inc (GS.N: Quote, Profile, Research) charm offensive continues, this time with President Gary Cohn taking part on Wednesday in a conference call with the firm’s wealth management customers.

The call with the firm’s wealthiest individual clients comes as Wall Street’s most powerful firm fights a backlash stemming from its subprime mortgage-linked security business.

Jun 15, 2010

Sandler O’Neill creates structured finance group

NEW YORK, June 15 (Reuters) – Boutique investment bank
Sandler O’Neill is launching a group aimed at helping lenders
deal with their toxic assets and restructure their balance
sheets.

The New York-based investment bank said on Tuesday it has
hired Carlos Mendez, a capital markets veteran, to lead the
group, which focuses on structured finance debt like mortgage
bonds. The new unit is starting with four employees but plans
to expand to nine soon, Mendez told Reuters.

Jun 11, 2010
    • About Steve

      "Steve Eder, based in New York, covers investment banks for Reuters. He came to Reuters in May, 2009, after working as an investigative reporter for the Toledo Blade newspaper in Ohio. Eder has written about plant closings, the health insurance industry, poverty, and public corruption, helping to expose Ohio's 'Coingate' scandal. He also completed assignments to India and South Korea. Since joining Reuters, Eder has written about the aftermath of the financial crisis, Goldman Sachs and the debate over Wall Street bonuses."
      Hometown:
      Detroit
      Joined Reuters:
      May, 2009
      Awards:
      Loeb Award, 2006
      Finalist, Pulitzer Prize for Public Service, 2006
      National Headliner Award, 2006
      Finalist, IRE Award, 2006 and 2008
      Best Ohio Reporter, Cleveland Press Club, 2009
      Finalist, Livingston Award, 2009 and 2010
      Reuters Company News Story of the Year, 2009
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