LAZ - LAZARD （）

KKR, Ontario Teachers and PSP Investment Board are set to sell their solar and wind platform Spark Renewables to Malaysian electricity giant Tenaga Nasional, bringing to close a four-month-long auction run by Lazard’s bankers.

https://www.investing.com/news/pro/lazard-ltd-to-close-offices-in-five-latin-american-nations--bloomberg-432SI-3072491

Lazard Ltd. is planning to close multiple offices in Latin America to cut costs amid a slowdown in the merger-and-acquisition advisory business, according to people familiar with the matter.

New York Jets quarterback Aaron Rodgers and cornerback Sauce Gardner sit courtside at a Knicks-Heat NBA playoff game at Madison Square Garden. Mary Altaffer/AP Aaron Rodgers was sitting alone in the dark two months ago, pondering his future while many speculated about his next move. Now, the New York Jets quarterback is the toast of his new town, bonding with the Big Apple and his excited teammates. “That’s a legend right there, that’s a Hall of Fame player,” wide receiver Garrett Wilson said Wednesday during a video call. “This is something 20 years from now, 30 years from now, I can tell my kids, ‘You know, I played with Aaron Rodgers.’ I try not to think about it too much at this point, you know, just because we’re going to work and he’s my teammate and that’s got to be the mindset. “But the reality of it is it’s awesome, man.” After an offseason that included Rodgers going on an isolation retreat in Oregon and deciding to continue his playing career — and with the Jets — the four-time NFL MVP was formally introduced by New York last Wednesday after acquiring him from Green Bay.

NEW YORK: Shares of US regional banks PacWest Bancorp and Western Alliance Bank plunged on Tuesday (May 2) as the demise of First Republic Bank triggered investor concerns about the financial health of other mid-sized lenders. JPMorgan Chase agreed on Monday to acquire a majority of First Republic''s assets in a US$10.6 billion (RM47 billion) deal after regulators seized the lender, which became the largest US bank failure since the 2008 financial crisis. Investors fear the latest turmoil, which began with the failures of Silicon Valley Bank and Signature Bank in March, could spread to other regional banks. The KBW Regional Banking Index fell 5.52%, hitting its lowest since December 2020. “If a ‘confidence crisis’ can happen to First Republic, it can happen to any bank in this country,” said Jake Dollarhide, CEO of Longbow Asset Management. “This is potentially a big deal, which hopefully won’t materialize to anything significant,” he added. Los Angeles-based PacWest tumbled by more than 27%.

LONDON — Smart Pension, a British pension services provider backed by JPMorgan and Legal & General, is in discussions with investors to raise more than 100 million pounds ($123.13 million) worth of equity capital, two sources close to the matter told Reuters. The company has hired U.S. investment bank Lazard to help it secure the […]

DUBAI — Investment bank Lazard Ltd said on Monday it hired Wassim Al-Khatib as chief executive officer of the bank’s investment banking business for the Middle East and North Africa. Al-Khatib will also be CEO of Lazard Saudi Arabia, the statement said, adding that the bank plans to make its presence in the kingdom its […]

DUBAI — Investment bank Lazard Ltd said on Monday it hired Wassim Al-Khatib as chief executive officer of the bank’s investment banking business for the Middle East and North Africa. Al-Khatib will also be CEO of Lazard Saudi Arabia, the statement said. Al-Khatib joins Lazard from Citigroup where he headed its business in Saudi Arabia […]

Lazard (LAZ) has appointed Wassim Al-Khatib as Chief Executive Officer of the firm’s Financial Advisory business in the Middle East and North Africa, and CEO of Lazard Saudi Arabia,…

Bloomberg Another Crypto Firm Collapses Beleaguered crypto lender Genesis Global Capital , the cryptocurrency lending unit of Digital Currency Group (DCG), could file for bankruptcy as soon as this week. Genesis fell into a liquidity crunch and halted redemptions shortly after revealing on Nov. 10 that it had $175 million locked in an FTX (FTT/USD) trading account. The company warned investors that it might need to file for bankruptcy if its efforts to raise $1 billion in a fresh capital fail. Texas AG: Citigroup Discriminates ''Against Firearms Sector'' Citigroup Inc (NYSE: C ) has reportedly discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that "has the effect" of halting the bank''s ability to underwrite most municipal bond offerings in Texas. Citigroup will not be allowed to underwrite debt in Texas, one of the nation''s largest public bond markets. Business Insider Elon Musk''s Twitter Isn''t Done Laying Off Workers Elon Musk -led Twitter reportedly has plans to terminate 50 workers in its product division in the coming weeks.

Lazard Ltd (NYSE: LAZ) announced today that Timothy Donahue has joined the firm as a Managing Director and Vice Chairman of U.S. Investment Banking, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220906005364/en/ (Photo: Business Wire) Based in New York, Mr. Donahue will help lead Lazard’s

Lazard Ltd has hired a former JPMorgan banker, Timothy Donahue, as vice chairman of U.S. investment banking in New York, Lazard said on Tuesday.

Is Lazard (LAZ) a buy? Asset management is usually less volatile, although Lazard isn''t doing that great, at the low PE and high yield, it probably is. Here''s a full analysis.

Hi. Aaron Weinman here. A corner of the hedge-fund world can''t stop talking about one of Millenium Partners'' most prominent trading teams. Glen Scheinberg, the portfolio manager whose team has minted billions of dollars for Millenium, became a hot topic on Wall Street. Let''s unpack why. And don''t forget, there''s our Banker of the Week! If this was forwarded to you, sign up here . Download Insider''s app here . 1. Hedge funders seemingly can''t stop chatting about the fate of Millennium''s index-rebalance king. Searches on the Bloomberg terminal for Glen Scheinberg — the portfolio manager whose team has met with much success at Millenium — spiked to 1,300 one afternoon in June. The source of the intrigue? It probably stemmed from the carnage that was enveloping the index-rebalance trading complex, a strategy that has surged in popularity in recent years. Scheinberg''s team — known as SRBL, for the initials of its founders — are considered Goliaths in this space. The team''s success spawned copycat efforts, and the strategy of betting on which stocks will be added and removed from indexes has grown.

Lazard (LAZ) reported ~$225.1B in prelim assets under management of July compared to $216.63B as of June 30, 2022.The 1-month gain of 3.9% is in comparison to 12.3% rise in Nasdaq and…