Cohen withdraws from Treasury consideration-source
Fri Mar 13, 2009 1:23am IST
Fri Mar 13, 2009 1:23am IST
WASHINGTON, March 12 (Reuters) - Prominent Wall Street lawyer H. Rodgin Cohen has withdrawn from consideration to become deputy U.S. Treasury Secretary, a Democratic source said on Thursday, dealing another setback to the department's efforts fill critical positions.
The source, who spoke on condition of anonymity, said vetting issues came up in the final stages of considering Cohen for the job.
Cohen, a partner at New York law firm Sullivan & Cromwell, has counseled nearly every major Wall Street financial institution during his career on mergers and acquisitions, regulatory matters and bank rescues and failures. (Reporting by Caren Bohan)
The source, who spoke on condition of anonymity, said vetting issues came up in the final stages of considering Cohen for the job.
Cohen, a partner at New York law firm Sullivan & Cromwell, has counseled nearly every major Wall Street financial institution during his career on mergers and acquisitions, regulatory matters and bank rescues and failures. (Reporting by Caren Bohan)
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