May 7th, 2009 - Wall Street Journal
Stephen Friedman has spent a 43-year career in the financial world wearing many hats, including investment banker, chief of Goldman Sachs Group Inc., private-equity executive and economic adviser to the president.
But his resignation Thursday as chairman of the powerful New York Federal Reserve Bank amid concerns about his lingering ties to Goldman shows the difficulty of playing overlapping roles in today's economic crisis.
Related stories:
Friedman Defends Buying of Goldman Sachs Stock
May 8th, 2009 - Wall Street Journal
Goldman Sachs Group Inc. director Stephen Friedman, facing criticism at the financial firm's annual meeting, defended his purchase of Goldman shares while chairman of the New York Federal Reserve Bank. Responding to a shareholder question, Mr...
Goldman director Friedman defends NY Fed role
May 8th, 2009 - Reuters
NEW YORK, May 8 (Reuters) - Goldman Sachs Group Inc (GS.N)director Stephen Friedman, who quit as Federal Reserve Bank ofNew York chairman on Thursday amid conflict-of-interestquestions...
DBS Profit Beats Estimates on Trading Increase
May 8th, 2009 - Bloomberg
May 8 (Bloomberg) -- DBS Group Holdings Ltd., SoutheastAsia’s biggest bank, became the third Singaporean lender toreport first-quarter profit that beat analysts’ estimates astrading revenue surged and staff costs declined.
Fed's Bank Results 'Reassuring,' Show No Insolvency
May 7th, 2009 - Bloomberg
May 7 (Bloomberg) -- Federal regulators today unveil whatTreasury Secretary Timothy Geithner said will be a“reassuring” picture of a U.S. banking system able towithstand...
Bank of America Leads List of US Banks Needing Capital: Table
May 7th, 2009 - Bloomberg
May 7 (Bloomberg) -- Federal regulators plan to disclosetoday the results of stress tests designed to show which U.S.banks will require additional capital if the recession worsens.
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