Even H. Rodgin Cohen, Wall Street’s pre-eminent adviser, defender and battlefield medic, has acknowledged that banks need regulation.

But Cohen’s patience only goes so far. This spring the Sullivan & Cromwell senior chairman lamented the current regulatory atmosphere in The Wall Street Journal, calling it “the most tension-filled, confrontational and skeptical of any time in my professional career.” This week, he picked a new fight with New York City and Mayor Bill de Blasio over Gotham’s efforts to beef up its banking oversight.

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