Lazard's M&A and capital markets advisory services are flourishing.
U.S. IPOs hit an all-time low as demand for new offerings in Asia soared.
Credit Suisse is launching a fund to help European banks meet tighter regulations. [FT]
Lloyds Banking Group is expanding its global team to capitalize on new reforms. [WSJ]
Italian bank UniCredit is expanding its investment banking operations in Europe.
Deutsche Bank said it lost money in the third quarter due to the costs of acquiring Germany's largest retail bank, but shares rose as its investment banking unit performed better than competitors. [NYTimes]