'Mass Exodus' at Lazard Capital Markets - FBN
Tweet
Share
E-mail
FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that there is a "mass exodus" of employees at Lazard Capital Markets. Gasparino says that, "If you talk to anybody that works there they say the place is basically on its last legs."
“Sources are telling the FOX Business Network that there is a mass exodus out of Lazard Capital Markets by employees," Gasparino said. "They feel that the firm is either going to do one of three things: sell itself to somebody else where they’ll do a massive downsizing or basically look for refinancing which is very difficult or shut down. Lazard Capital Markets tells us they’re still open for business, there’s no plans to imminently close…if you talk to anybody that works there they say the place is basically on its last legs."
“Sources are telling the FOX Business Network that there is a mass exodus out of Lazard Capital Markets by employees," Gasparino said. "They feel that the firm is either going to do one of three things: sell itself to somebody else where they’ll do a massive downsizing or basically look for refinancing which is very difficult or shut down. Lazard Capital Markets tells us they’re still open for business, there’s no plans to imminently close…if you talk to anybody that works there they say the place is basically on its last legs."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Criteo Is Said To Attract Vista Equity-backed Takeover Offer - Bloomberg
- Nvidia Says "Our Roadmap Is Intact" In Response To Delay Report - Bloomberg
- Zymeworks to buy Theravance Biopharma for $17 per share
Create E-mail Alert Related Categories
General News, Rumors, Trader TalkRelated Entities
Charles Gasparino, LazardSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
