Goldman Sachs Group Inc. asked to be removed from two state underwriting teams in Massachusetts after Neil Morrison , the firm’s Boston-based public-finance banker, helped Treasurer Tim Cahill ’s failed run for governor.
Neil Morrison , a Goldman Sachs Group Inc. banker fired in December, began advising former Massachusetts Treasurer Tim Cahill ’s gubernatorial campaign in 2009 even as he was seeking to underwrite state bonds, according to e-mails obtained through a public records request.
The U.S. Securities and Exchange Commission has subpoenaed documents from the Massachusetts Treasurer’s office a month after Bloomberg News reported that a Goldman Sachs Group Inc. banker aided former Treasurer Tim Cahill ’s failed run for governor.
Societe Generale SA Chief Executive Officer Frederic Oudea said global plans to list banks deemed systemically important and make them hold extra capital may backfire by creating more lenders that are too big to fail.
ArcelorMittal, the biggest steelmaker, is seeking about $3.5 billion through a sale of shares and bonds that automatically become stock to reduce debt. It also announced a bid for a ThyssenKrupp AG plant in Alabama.