Tuesday, July 5, 2011

Unsubstantiated Rumor of the Day: Fink, Dimon among leading candidates for Treasury secretary job


New York Post reports that President Obama may extend an olive branch to Wall Street in selecting his next Treasury secretary.

With current Treasury boss Tim Geithner expected to step down before the end of the year, at least some of the names being bandied about by insiders are Wall Street executives who haven't been marred by government bailouts and still carry Street clout.

BlackRock CEO Larry Fink could be one of the executives that the administration turns to in the coming months to take Geithner's post as Treasury secretary, according to the Wall Street rumor mill.

Another exec who could be considered is JPMorgan Chase CEO Jamie Dimon -- a Wall Street titan who has perhaps been the most vocal critic of the administration's moves during the market's recovery. Dimon has told colleagues variously that he's not interested in taking the post or that Washington would not genuinely consider him.
Fink has been on the top of short lists to replace a number of vacancies at top firms and hasn't been shy about liking to master new challenges. Since helping found BlackRock in 1988, Fink has grown the investment management firm into a $3.5 trillion behemoth after merging with Barclays Global Investors two years ago…

Find out more at http://www.nypost.com/p/news/business/fink_dimon_among_leading_candidates_7qKzYGZ5Nw0kPvsPGfZEZM#ixzz1QsnpgkTO

No comments:

Post a Comment