In 1978, Cohen left Shearson for one year to work for Edmond Safra at Republic New York Corporation and the Trade Development Bank before returning to Shearson in 1979.
The acquisition of TDB by American Express was part of Jim Robinson's plan, who at the time was the chairman of American Express, to break into the private depositor banking industry.
World Trade Center | World Bank | Bank of America | West Bank | World Trade Organization | trade union | Deutsche Bank | United Nations Industrial Development Organization | International Development Association | Bank of England | United Nations Conference on Trade and Development | International Bank for Reconstruction and Development | International Fund for Agricultural Development | World Federation of Trade Unions | African Development Bank | North American Free Trade Agreement | International Confederation of Free Trade Unions | USL Premier Development League | United States Agency for International Development | Trade union | Integrated development environment | Federal Trade Commission | Asian Development Bank | United States Department of Housing and Urban Development | Inter-American Development Bank | fur trade | bank | South Bank | Millennium Development Goals | Lloyds Bank |
During the famous Edmond Safra affair of the 1980s he was part of a management group led by Bob Smith which was close to buying the Trade development Bank and American Express for $600 million.