Lazard Posts Record First Quarter With Eyes on M&A Rebound
Lazard Inc. posted its best first-quarter revenue on record as the investment bank jostles for position among boutiques to take advantage of the rebound in mergers and acquisitions.
Lazard Inc. posted its best first-quarter revenue on record as the investment bank jostles for position among boutiques to take advantage of the rebound in mergers and acquisitions.
CVC Capital Partners increased the size of its initial public offering by €500 million ($536 million), and is likely to price the share sale in Amsterdam at the middle of an initially proposed range, indicating the depth of investor demand for the long-awaited listing.
Southwest Airlines Co. is slowing growth, ending service at four airports and offering voluntary leaves to address “significant challenges” in 2024 and 2025 created after Boeing Co. again reduced the number of aircraft the carrier will receive this year.
First Citizens BancShares Inc., which scooped up Silicon Valley Bank after the lender failed last year, lifted its guidance for lending income for 2024.
Sanjay Shah, the hedge fund founder accused of masterminding a Cum-Ex trading scheme that robbed £1.4 billion ($1.7 billion) from the Danish government, claimed he thought the transactions were “completely legal.”
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