Happy Birthday

cityfile · 05/07/09 06:47AM

Porn icon Traci Lords turns 41 today. Attorney H. Rodgin Cohen, the chairman of Sullivan & Cromwell and one of the foremost authorities on banking law, is 65. Former New Mexico Senator Pete Domenici is 77. Comedian Doug Benson is 35. Herbert Siegel, who assembled a media empire before selling it to Rupert Murdoch for $5 billion, is 81. Tech entrepreneur and occasional political candidate Andrew Rasiej is turning 51. Soap star Michael Knight of All My Children is turning 50. Acclaimed author Peter Carey is 65. And movie director Amy Heckerling (Fast Times at Ridgemont High, Look Who's Talking, Clueless) turns 55 today.

Wall Street: Tuesday Morning

cityfile · 05/05/09 05:36AM

• About 10 of the 19 largest banks that have undergone "stress tests" will be notified by Washington that they need to raise more capital. [WSJ, BN]
• JPMorgan Chase chief Jamie Dimon isn't expecting to be one of the 10: He said he thinks "there are still too many banks in the United States," and will happily acquire some of the institutions that can't survive on their own. [WSJ]
• UBS announced a first-quarter loss of $1.8 billion as the bank took more writedowns on risky investments and client withdrawals continued. [Reuters]

Wisps of Hope, Cramer Accepts His Beating

cityfile · 03/13/09 05:58AM

• Investors are finding "wisps of hope" in the current not-so-bad economic news, so the three-day winning streak on Wall Street may continue today. [DB]
• AIG reached out to Warren Buffett twice before ultimately collapsing. [BN]
• Citigroup is looking at adding four new people to the company's board. [WSJ]
• Ken Lewis seems to be sending signals he wants out of BofA. [Dealbreaker]
H. Rodgin Cohen is out of the running to be deputy Treasury secretary. [DB]
• There's already chatter that Treasury Secretary Tim Geithner may get pushed aside in favor of—yes, you guessed it—Steve Rattner. [BI]
• How bad is it for hedge funds? John Paulson was up 38 percent last year and he still lost 16 percent of his assets during the last half of 2008. [Portfolio]
• Two things you never expected to see: A meek, frightened Jim Cramer on national television. And a comedian talking about CDOs. [The Daily Show]

Dark Days, Big Profits

cityfile · 09/19/08 11:27AM

Who's making money in this lousy economy? Mega-lawyer Rodge Cohen of Sullivan & Cromwell sure is! He handled both Lehman's bankruptcy and the AIG bailout this week. [AmLaw via ATL]

H. Rodgin Cohen

cityfile · 02/03/08 09:31PM

The chairman of the venerable law firm Sullivan & Cromwell, H. Rodgin Cohen is a leading expert on banking law.