Former US Federal Reserve Chairman Paul Volcker believes legislators missed a golden opportunity to revamp the entire US financial regulatory system following the 2008 crisis – and his Volcker Alliance is offering up a proposal to do just that.
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If bulge bracket banks are taking back market share in merger and acquisition advisory from independent banks, no-one told Lazard. The firm followed up a record year in 2014 with a record first quarter, posting M&A advisory revenue of US$261m in the quarter, up 9% from a year ago. Total advisory revenue in the period