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.Lazard faced questions over its future after the recent death of Bruce Wasserstein, its high-profile chief, as the investment bank reported better-than-expected third-quarter resultsA group of influential investors including M&G, Legal & General and Standard Life is working on plans to cut out the investment banks that advise companies on raising fresh funds by issuing new sharesPurchasing Sal Oppenheim's investment banking operations would expand the Australian bank's German presenceNomura is promising to hire hundreds of staffers in its latest attempt to establish a strong presence in America, as Asian banks pursue a new opportunity for expansion in the USJPMorgan's top executives have embarked on a charm offensive to allay fears by staff and regulators that the ousting of Bill Winters as co-head
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