Skip to main content

Newsroom

January 29, 2015

Lazard’s Antonio Weiss withdraws from Treasury role

Senator Elizabeth Warren’s populist wing of the Democratic party has shown its clout by derailing the White House’s attempt to appoint a Lazard banker to a senior US Treasury post.
 
The nomination of Antonio Weiss, global head of investment banking at Lazard, had been opposed by Senator Warren who viewed him as a symbol of Wall Street’s unwanted influence over government and criticised him for lacking relevant experience.
 
***
 
Some liberal groups remained unhappy that Mr Weiss would become a counsellor to Mr Lew. Dennis Kelleher, president of Better Markets, a non-profit group that promotes the public interest in financial markets, said: “Avoiding the public Senate confirmation process but nevertheless installing Mr Weiss in a very senior position at the Treasury department is unfortunate for the American people. The country would have benefited from an open, public debate about the Wall Street-centric view that what is good for Wall Street is really good for America.”

Read the full Financial Times article by Barney Jopson, Gina Chon, and Tom Braithwaite here.

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today