The Banking Industrys Go-to Crisis Adviser

Logo The New York TimesThe New York Times
2023-03-25 12:00:04  • 7 mins

Rodge Cohen is one of the most influential people behind the scenes of cleaning up the banking crisis.

Key adviser

There are plenty of differences between the fallout from the collapse of Silicon Valley Bank and the 2008 financial crisis, but one similarity is the man trying to clean it up: H. Rodgin Cohen, known as Rodge, the senior chair at the law firm Sullivan & Cromwell.

The soft-spoken Mr. Cohen was at the center of efforts to save Silicon Valley Bank and First Republic, the latter of which involved a call between the Federal Reserve chair Jerome Powell, Treasury Secretary Janet Yellen and the JPMorgan Chase boss Jamie Dimon. Heres what to know about one of the most influential players in the banking crisis who isnt making headlines.

Mr. Cohen is a sought-after adviser in banking crises, and he has worked on almost every one in the last several decades. Rodge is the banking lawyers go-to theres nobody who comes close to his level of reliability in the entire realm of substantive banking law, said Sarah Raskin, a former deputy secretary of the Treasury. She added that she still finds herself in rooms of lawyers asking, What would Rodge say?

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