Gary Parr News
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Sept. 13 (Bloomberg) -- Gerald McCaughey, chief executive officer of Canadian Imperial Bank of Commerce, Frederic Oudea, chief executive officer of Societe Generale SA, and Gary Parr, vice chairman of Lazard Ltd., participate in a panel discussion about the state of the financial industry and opportunities for large, global banks. Bloomberg Markets Editor Ronald Henkoff moderates the panel at the Bloomberg Markets 50 Summit in New York. (Source: Bloomberg)
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The global banking industry will contract during the next few years as firms sell businesses, Lazard Ltd. Vice Chairman Gary Parr said.
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Lazard Ltd. Vice Chairman Gary Parr said alternative asset managers will “make markets” as capital requirements and proprietary-trading regulations curb risk- taking at the biggest U.S. banks.
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Gary Parr, vice chairman of Lazard Ltd., said financial-services companies are $500 billion short of capital and some European banks require “meaningful capital injections.”
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Just as the New York Philharmonic Opening Night Gala was getting under way, Gary Parr, vice chairman at Lazard Ltd. and chairman of the New York Philharmonic, estimated that his conversations would be 98 percent about music and 2 percent about markets.
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As chief executive officer of a maker of spark plugs and wiper blades in the Detroit area, Jose Maria Alapont has struggled through the kind of collapse that few have experienced.
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Citigroup Inc.’s Vikram Pandit, leader of the U.S. bank that took the most government aid in the financial crisis and that has the worst stock performance over the past decade, is ready for a starring role at Davos.
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Two U.S. lawmakers outlined a proposal to tax U.S. financial transactions at a rate of 0.03 percent and urged the congressional deficit-reduction panel to include the idea in their final proposal.
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At the New York Philharmonic’s Year of the Dragon gala last night, plenty of guests had advice for doing business in China.
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Seagate Technology, the world’s largest maker of hard disk drives, is based in Scotts Valley, California. Yet the documents it files with the Securities and Exchange Commission list its address on South Church Street in George Town, the capital of the Cayman Islands, David Evans of Bloomberg News reports.
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