Fidelity Investments has agreed to pay $8m to settle US Securities and Exchange Commission charges that several of its brokers received $1.6m in gifts over a period of years from clients who were allegedly hoping to do more business with the firm.
Lazard, one of the world's pre-eminent financial advisory and asset management firms, operates from 42 cities across 27 countries in North America, Europe, Asia, Australia, Central and South America.
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It's tough to come up with a list of true Wall Street legends, as so many have got their detractors - and not all of them have / had unblemished track records.
Frank Pizzitola, a general partner at Lazard Freres & Co. who worked with such legendary figures as Andre Meyer, Michel David-Weill and Felix Rohatyn during a 21- year career at the investment bank, has died. He was 89.
Lazard has announced that Larry Slaughter will join the firm as a Managing Director and Vice Chairman, Investment Banking, effective June 3.
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