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2008 Financial Crisis

aig joseph cassano Martin Sullivan robert lewis
William D. Cohan • September 4, 2024

A $500 Million Comp War Morality Tale

A cohort of former AIG Financial Products executives—the same guys who helped precipitate the 2008 financial collapse—have come to collect the hundreds of millions they claim they’re owed. Only on Wall Street…
William D. Cohan • October 29, 2023
Endeavor Fever & Wall Street Succession Moves
Ari Emanuel’s Endeavor has always been either hard to understand or misunderstood.
News and notes from around Wall Street: Ari’s take-private idea, Jamie Dimon’s stock sale, and James Gorman’s newly-appointed successor.
William D. Cohan • May 24, 2023
Gorman’s Goodbye: Inside a C.E.O. Succession Bake-Off
Morgan Stanley C.E.O. James Gorman has set up a ‘Succession’-like race to succeed him.
I talk to a lot of well-wired people inside Morgan Stanley all the time: here’s what’s going to happen next. Plus notes on succession planning inside my old stomping grounds: Lazard and JPMC.
Comcast C.E.O. Brian Roberts.
William D. Cohan • April 30, 2023
Lazard Fears & NBCU C-Suite Tea Leaves
Notes on Brian Roberts’ post-Shell, pre-merger executive placeholder; a banking mini-crisis postmortem; and the end of the Lazard Way.
“This acquisition is attractive for UBS shareholders but, let us be clear... this is an emergency rescue,” said UBS Chairman Colm Kelleher.
William D. Cohan • March 29, 2023
A Bear Stearns Shit Sandwich in Switzerland
News and notes on the UBS-Credit Suisse arranged marriage: Bear déjà vu, the AT1 fiasco, Michael Klein, and that bizarre FT piece.
Greg Becker, president and C.E.O. of Silicon Valley Bank.
William D. Cohan • March 12, 2023
SVB’s Valley of Death
Assessing the reality of a historic 48 hours on Wall Street.
Larry Summers
William D. Cohan • June 15, 2022
Larry Summers, Obama & A Fed Counterfactual
In an alternate universe, Obama would have picked Larry Summers to run the Fed in 2013. And we probably wouldn’t be in our economic fix if he had made good on his promise.
Trader
William D. Cohan • May 15, 2022
A Recession Projection That Might Make You Weep
Peter Schiff, a notable “Gloom and Doomer,” accurately predicted the 2008 recession. Want to know what he thinks is headed our way this time around?
Stock crash
William D. Cohan • May 11, 2022
The Big One Is Here
If it looks like a recession, and smells like a recession, and the bond market is priced like a recession, then guess what: it’s here.
American Express Executives Sanford Weill and James Dimon
William D. Cohan • October 20, 2021
“As Good as It Gets”: Wall Street Eats Its Cake
A decade ago, Congress and the vox populi banded together to try to send Wall Street bankers to the clink and chasten the industry for a generation. How’d that go? Re-regulation made the industry stronger and richer than ever—just as the mob moved on to Silicon Valley.