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...fourth-ranked Fr. Fisher was warming up, he glanced up to his buddy Cashin in the gallery Cashin volemnly held up eight fingers to signify that the match was tied 4-4, Fisher looked uneasy, "God damn, you've got to be kidding." he said...
Earlier this month, Lazard Frères & Co., a Paris banking house associated with Lazard of Manhattan and of London, was excluded from any role in floating a $25 million bond issue for Air France. One of the participants, Intra Investment Co., which gets its money from Kuwait, Qatar and Lebanon, insisted that Lazard be shut out. Intra officials put pressure on the two lead banks in the deal, Credit Lyonnais and Banque Nationale de Paris, both of which are government owned. Lazard was also excluded from a $25 million issue for another client, the state-owned utility, Compagnie Nationale...
Sign of Resistance. Elsewhere, however, there were growing signs of resistance to the Arab muscle. In Manhattan, Merrill Lynch, Pierce, Fenner & Smith refused to capitulate to demands by the Kuwait International Investment Co. to drop the U.S. branch of Lazard Frères as a participant in two lending syndicates that will raise $50 million for the Mexican government and $25 million for Volvo. Merrill Lynch Chairman Donald Regan was not about to exclude Lazard or slight its chairman, 76-year-old Andre Meyer. The Kuwaitis then dropped out of the deals. Echoing the typical sentiments among investment bankers, Paul...
...Fr. vs. Brown at Brown...
...Fr. vs. Brown at Brown