'Mass Exodus' at Lazard Capital Markets - FBN

October 17, 2013 1:59 PM EDT Send to a Friend
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."


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