This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9Q0FE_L.jpg
(Reuters) – Investment bank Lazard (NYSE:LAZ) Ltd on Thursday reported a fall in third-quarter profit as the global market rout shrank the value of assets under management.
The U.S. bank’s adjusted net income fell to $106 million from $111 million a year earlier.
