Costa bags first mandate for Lazard

Ken Costa, who joined Lazard as international chairman in October, has taken just weeks to win his first mandate after picking up the brief to advise Luqman Arnold, a former colleague at Swiss bank UBS, on his pursuit of stricken UK lender Northern Rock.

Arnold, the former chief executive of Abbey National, said in a regulatory news statement this morning that he was preparing a proposal for the board of Northern Rock. He made the approach via Olivant, the investment company he founded last year.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached