AIG’s Cassano, Goldman’s Cohn to testify next week — http://bit.ly/cVTL8K
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.
Even after financial reform, life goes on for Wall Street http://bit.ly/dtJGes
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.
SPECIAL REPORT- Saving Goldman Sachs – A look behind the scenes at Goldman’s efforts to save the franchise – http://bit.ly/af9dcs
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.
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.
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.
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.


