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☆ Goldman Sachs is having an identity crisis
▼ + stars: | 2023-08-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

I never thought I'd write this but … I miss the old Goldman Sachs. That was the voice of Goldman Sachs 2009 — the adamantine firm that managed to make its way through the crisis relatively unscathed. This sort of dry humor worked back then, but for today's Goldman Sachs, the joke just doesn't hit the same way. Van Praag — who was once dubbed "Goldman Sachs' Rococo PR prince" by The Observer — left the firm in 2012. It would be nice to see the old Goldman Sachs ferocity is still out there somewhere, even if it's not on Wall Street.

Persons: I'd, …, Goldman Sachs, Lucas van Praag, Goldman, van Praag, John F, David Solomon —, Solomon, boardrooms, today's Goldman Sachs, Lucas van Praag's Goldman, —, FactSet, JP Morgan, chuffs, DJ Sol, Van Praag —, Observer —, Jake Siewert, Lloyd Blankfein —, David Solomon's, Michael Kovac, Marcus —, DJ'ing, Goldman's, Lloyd Blankfein, Insider's Dakin Campbell, Kim Kardashian, Morgan Stanley, It's, Trump, Gary Cohn, mathlete who's, it's, Linette Lopez Organizations: Sunday Times of, Bloomberg, Refinitiv, Wealth Management, Observer, Treasury, Blankfein, Bank of America, Ivy League Locations: Wall, Sunday Times of London, New York City, Bahamas, Silicon

☆ Tim Scott sees big money donor interest while Ron DeSantis hunts for cash
▼ + stars: | 2023-07-28 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Nicholas Pfosi | ReutersSen. Tim Scott, R-S.C., is seeing a wave of wealthy donor interest as he runs for president, while Florida Gov. Herring has already donated $6,600 to Scott's 2024 run for president, according to Federal Election Commission filings. Nikki Haley will be in the Hamptons on Sunday for a fundraising event, according to an invitation reviewed by CNBC. Sobel, who is a managing partner at Valor Capital Group, donated $6,600 to DeSantis' campaign in late June, according to Federal Election Commission records. Andrew Romeo, a spokesman for the DeSantis campaign, pointed CNBC to their fundraising efforts in the second quarter.

Persons: Tim Scott, Saint Anselm College's, Nicholas Pfosi, Reuters Sen, Ron DeSantis, Scott, Goldman Sachs, Gary Cohn, Andy Sabin, Stanley Druckenmiller, Sabin, James Herring, Herring, Marc Rowan, Tim Scott Victory, Robert Giuffra, Cromwell, Nikki Haley, Donald Trump, DeSantis, meanwhile, Cohn, Druckenmiller, Goldman, Scott East, Still, he's, John Catsimatidis, Brandon Bell, Clifford Sobel's, Michael Pascucci, Sobel, Pascucci, Giuffra, Ronald Lauder, Paul Singer, Lauder, Singer, Andrew Romeo, –, Romeo, Glenn Youngkin, Trump Secretary of Commerce Wilbur Ross, Lisa Wagner, Wagner, she's Organizations: U.S, New Hampshire Federation of Republican Women, Saint Anselm, Saint Anselm College's New Hampshire Institute of Politics, Reuters, Florida Gov, CNBC, Hamptons, Republican, Trump National Economic Council, Trump, Billionaire, Apollo Global Management, Tim Scott Victory Fund, PAC, Southampton, Sullivan, Former South Carolina Gov, GOP, Washington Examiner, Florida Governor, Getty, Valor Capital, Commission, Business Jet, Gulfstream, Embraer, Bucknell University, Records, Politico, Virginia Gov, Hotel, Trump Secretary of Commerce, NBC News, DeSantis Locations: Saint, Manchester , New Hampshire, Florida, Long, East Hampton, North Carolina, Scott East Hampton, DeSantis, Ukraine, Scott, Rio Grande, Eagle Pass , Texas, Southampton, Charleston, Virginia, Aspen , Colorado, Colorado

☆ Robert F. Kennedy Jr.'s presidential run gets support from Wall Street veteran Omeed Malik
▼ + stars: | 2023-06-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Robert F. Kennedy Jr., the anti-vaccine activist who's now running for president, has another wealthy backer in his corner: veteran Wall Street executive Omeed Malik. Representatives for Kennedy, Clinton, Pompeo, Summers and Lasry did not return requests for comment about the dinner. Kennedy is the son of former Attorney General Robert F. Kennedy, who was assassinated during his own presidential run in 1968, and the nephew of late President John F. Kennedy, who was shot dead in 1963. Billionaire Twitter owner Elon Musk hosted Kennedy in a recent Twitter Spaces. He later hosted a glitchy Twitter Spaces for the Florida Republican when he announced his run for president.

Persons: Robert F, Kennedy Jr, who's, Omeed Malik, Malik, Kennedy, Hillary Clinton, Trump, Gary Cohn, Mike Pompeo, Boris Johnson, Larry Summers, Marc Lasry, Cohn, Clinton, Pompeo, Summers, Lasry, Johnson, Joe Biden's, Biden, Donald Trump, John F, David Sacks, Chamath Palihapitiya, Sacks, Elon Musk, Musk, Ron DeSantis Organizations: Wall, Bellagio, Business, UK, Democratic, Financial, Quinnipiac, Kennedy, Venture, Republicans, Billionaire Twitter, Florida Gov, Florida Republican Locations: Las Vegas

☆ Watch CNBC's full interview with former SEC Chair Jay Clayton and former NEC Director Gary Cohn
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with former SEC Chair Jay Clayton and former NEC Director Gary CohnFormer SEC Chairman Jay Clayton, and Gary Cohn, vice chairman at IBM and former National Economic Council director, join 'Squawk Box' to discuss the latest on the debt ceiling deal, the impact on the economy, and more.

Persons: Jay Clayton, Gary Cohn Organizations: SEC, NEC, IBM, National Economic Council

☆ Former SEC Chair Clayton: Smart of McCarthy to put spending and labor problems 'front and center'
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC Chair Clayton: Smart of McCarthy to put spending and labor problems 'front and center'Former SEC Chair Jay Clayton, and Gary Cohn, vice chairman at IBM and former National Economic Council director, join 'Squawk Box' to discuss the latest on the debt ceiling deal, the impact on the economy, and more.

Persons: Clayton, Smart, McCarthy, Jay Clayton, Gary Cohn Organizations: SEC, IBM, National Economic Council

☆ CNBC Daily Open: JPMorgan takes over First Republic
▼ + stars: | 2023-05-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

A branch of First Republic Bank in New York City, U.S.Markets were remarkably quiet following the second-biggest bank failure in U.S. history. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets were remarkably quiet following the second-biggest bank failure in U.S. history. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: JPMorgan rides to the rescue
▼ + stars: | 2023-05-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

A posted announcement from the FDIC about the seizure of First Republic Bank and sale to JPMorgan Chase is displayed on a window at a First Republic Bank office on May 01, 2023 in San Francisco, California. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In sum: First Republic's failure and takeover by JPMorgan is a big deal (and good one for the biggest bank in the U.S.!) Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ Former SEC Chair Jay Clayton: JPMorgan-First Republic takeover a good deal for the system
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer SEC Chair Jay Clayton: JPMorgan-First Republic takeover a good deal for the systemFormer SEC Chair Jay Clayton and former NEC director Gary Cohn join 'Squawk Box' to discuss JPMorgan's acquisition of First Republic, the blocked Microsoft-Activision merger, and more.

☆ Gary Cohn on JPMorgan Chase takeover of First Republic: I'm shocked it took so long to get here
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGary Cohn on JPMorgan Chase takeover of First Republic: I'm shocked it took so long to get hereFormer SEC Chair Jay Clayton and former NEC director Gary Cohn join 'Squawk Box' to discuss JPMorgan's acquisition of First Republic, the blocked Microsoft-Activision merger, and more.

☆ The First Republic deal has come at a crucial point for the markets and economy
▼ + stars: | 2023-05-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Michael M. Santiago | Getty ImagesJPMorgan Chase's takeover of First Republic likely ends the panic phase of the banking crisis, with the fallout left to come in a pivotal week for markets and the economy. Following an unsuccessful effort to keep First Republic open, the largest U.S. bank by deposits reached a deal to take over the 14th-largest financial institution. With financial services covering such a wide swath of activities in the $26.5 trillion U.S. economy, the failures of Silicon Valley Bank, Signature Bank and now First Republic Bank will reverberate. Stocks nudged higher Monday morning on hopes that the worst of a banking crisis that began in early March has drifted into the rear view. "Resolving FRC should end the 7-week post SVB bank crisis phase."

☆ Watch CNBC's full interview with former SEC Chair Jay Clayton and former NEC director Gary Cohn
▼ + stars: | 2023-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with former SEC Chair Jay Clayton and former NEC director Gary CohnFormer SEC Chair Jay Clayton and former NEC director Gary Cohn join 'Squawk Box' to discuss JPMorgan's acquisition of First Republic, the blocked Microsoft-Activision merger, and more.

☆ Fed's Powell doesn't seem as confident as before, says former White House advisor Gary Cohn
▼ + stars: | 2023-03-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's Powell doesn't seem as confident as before, says former White House advisor Gary CohnFormer White House economic advisor Gary Cohn joins ‘Squawk on the Street’ to discuss the Fed announcement of a 25 bps hike and more.

☆ The Fed has outsourced monetary policy and lost control of the economy, former White House advisor says
▼ + stars: | 2023-03-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Federal Reserve is outsourcing monetary policy, former White House adviser Gary Cohn said. It's betting that tighter lending in the banking sector will act as a brake on the economy, he told CNBC. "We're almost getting to a point right now where he's outsourcing monetary policy," Cohn told CNBC. When the Fed was slowing the economy by raising rates, a soft landing seemed more achievable, he said. Even with the possibility of a recession, Cohn did not think that the Fed was incentivized to cut rates later this year, citing the Fed's dot plot.

☆ Witness may challenge Michael Cohen claims in Trump case
▼ + stars: | 2023-03-20 | by ( Karen Freifeld | ) www.reuters.com time to read: +5 min

[1/2] Former U.S. President Donald Trump greets supporters accompanied by Iowa Governor Kim Reynolds during a campaign rally, in Davenport, Iowa, U.S. March 13, 2023. Robert Costello has been asked to appear before the grand jury at the request of Trump's lawyers because he may have information that calls into question events as described by Michael Cohen, Trump's former lawyer, the source said. Cohen testified before the grand jury twice last week. Trump, who is seeking the 2024 Republican presidential nomination, has said he would continue campaigning even if charged with a crime. The grand jury will determine whether there is sufficient evidence to formally charge Trump with a crime.

☆ Hedge fund manager Nelson Peltz says the government should insure all bank deposits — for a price
▼ + stars: | 2023-03-20 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

The federal government should expand its guarantee to all bank deposits regardless of size in order to slow bank runs, but it should charge customers for that insurance, hedge fund manager Nelson Peltz said Monday. The additional insurance premium would, for example, could come out of the CD interest payments on large deposits, Peltz said. The hedge fund manager is not the only person calling for raising the insurance threshold. Regional bank stocks were largely rebounding on Monday, though First Republic was still under pressure despite receiving $30 billion in deposits from other banks. Peltz said it was important to make changes to the deposit insurance program even if the current situation stabilizes.

☆ Talk of Trump arrest builds sympathy for the former president, Sununu says
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +4 min

[1/2] Former U.S. President Donald Trump greets supporters accompanied by Iowa Governor Kim Reynolds during a campaign rally, in Davenport, Iowa, U.S. March 13, 2023. He did not cite any evidence for his arrest concerns and his spokesman said the former president had not been notified of any impending arrest. "It's building a lot of sympathy for the former president," Sununu, also a Republican, told CNN's "State of the Union" program, saying he spoke to some people on Sunday who were not "big Trump supporters but they all said ... they felt he was being attacked." Sununu, a relative moderate, is considering a run and appeared to be trying to avoid alienating Trump supporters. McMaster and former economic adviser Gary Cohn on Sunday both urged Trump supporters to respond peacefully to any developments this week.

☆ Former Goldman Sachs CEO Blankfein says U.S. banking crisis will slow growth
▼ + stars: | 2023-03-19 | by ( Kanishka Singh | ) www.reuters.com time to read: +3 min

WASHINGTON, March 19 (Reuters) - Former Goldman Sachs (GS.N) CEO Lloyd Blankfein said on Sunday the banking crisis in the United States was going to expedite overall credit tightening and slow the U.S. economy. Banks will have to, you know, because of the tension, because of the pressure and uncertainties, banks will husband their equity," Blankfein told CNN in an interview on Sunday. So, some of the mission of the Fed in trying to slow the economy will be done here," the former Goldman Sachs CEO added. Gary Cohn, who served as economic adviser to former President Donald Trump and is also a former Goldman Sachs president, told CBS News that Federal Reserve Chair Jerome Powell was in a "tough spot." I personally - I personally think it would be okay to stop here," Blankfein told CNN.

☆ Why Goldman’s consumer ambitions failed, and what it means for CEO David Solomon
▼ + stars: | 2023-02-27 | by ( Hugh Son | ) www.cnbc.com time to read: +10 min

That's because many of the decisions Solomon made over the next four years — along with aspects of the firm's hard-charging, ego-driven culture — ultimately led to the collapse of Goldman's consumer ambitions, according to a dozen people with knowledge of the matter. Goldman executives were eager to seal the deal with the tech giant, which happened before Solomon became CEO, they added. The rapid growth of the card, which was launched in 2019, is one reason the consumer division saw mounting financial losses. Within months, Ismail left Goldman, sending shock waves through the consumer division and deeply angering Solomon. Goldman should plow some of those volatile earnings into more durable consumer banking revenues, the thinking went.

☆ What Carlyle wants from incoming CEO Harvey Schwartz: Fix the firm's lagging stock price as it faces a sour market
▼ + stars: | 2023-02-07 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +4 min

The firm's interim CEO, Bill Conway, said Schwartz will be tasked with boosting the stock price. First of all, we want to increase the stock price," said William Conway, a Carlyle cofounder and interim CEO. Notably, he has the opportunity to make some $180 million over five years, depending on how well the firm's stock performs, according to a regulatory filing. The uncertainty that came with the firm's scramble to find a new leader has weighed on the firm's stock price. On Tuesday morning, Carlyle stock dropped 3% while the S&P 500 fell less than 1%.

☆ Watch CNBC's full interview with Fmr. National Economic Council Director Gary
▼ + stars: | 2023-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Fmr. National Economic Council Director GaryFormer National Economic Council Director Gary Cohn joins 'Closing Bell' to respond to Fed Powell's comments on rate raises, labor dependency, and the JOLTS data takeaways.

☆ Jerome Powell left the door open for any potential outcome, says Gary Cohn
▼ + stars: | 2023-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJerome Powell left the door open for any potential outcome, says Gary CohnFormer National Economic Council Director Gary Cohn joins 'Closing Bell' to offer his reaction to Fed Powell's comments on rate raises, labor dependency, and the JOLTS data takeaways.

☆ Fmr. National Economic Council Director Gary Cohn expects 25-basis points in February and March
▼ + stars: | 2022-12-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. National Economic Council Director Gary Cohn expects 25-basis points in February and MarchFormer National Economic Council Director Gary Cohn joins 'Closing Bell' to discuss expectations for the timeline of quantitative easing, the wage component of the inflation situation and stimulus as pent-up demand.

☆ Sinema widens gap between Democrats and Wall Street
▼ + stars: | 2022-12-09 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

WASHINGTON, Dec 9 (Reuters Breakingviews) - Big finance has lost an ally in the U.S. Democratic Party. Some of the biggest names on Wall Street have similarly tied themselves to the Republican Party’s leaders. But the gap between Democrats and the financial sector has been growing for years. Sinema’s exit, while it won’t change much in Washington, gives Wall Street one more reason to come off the fence. Follow @BenWinck on TwitterCONTEXT NEWSSenator Kyrsten Sinema said on Dec. 9 that she will change her party registration from Democrat to political independent.

☆ Sinema widens gap between Democrats and Wall St
▼ + stars: | 2022-12-09 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

☆ The House will aggressively try to return the U.S. to energy independence, says Gary Cohn
▼ + stars: | 2022-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe House will aggressively try to return the U.S. to energy independence, says Gary CohnGary Cohn, vice chairman at IBM and former National Economic Council director, and former SEC Chairman Jay Clayton join CNBC's 'Squawk Box' to discuss the midterm election results, crypto, and more.

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