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Lazard's Parr on Lehman Brothers' failure

Published September 15, 2009 at 8:42 AM


The economic storm is far from over explains Lazard's deputy chairman Gary Parr and H. Rodgin Cohen, chairman of Sullivan & Cromwell LLP, at The Deal's M&A Outlook 2009 conference. In this video the two dealmakers discuss how Lehman Brothers Holdings Inc.'s failure impacted the financial services industry and where the industry is headed.

"We may have crossed the inflection point of the most intense crisis ... still, the economy is in bad shape," Parr said. "Inevitably there will be losses ... "

Also see:
Inside The Deal: Lazard's Gary Parr on the outlook for banks and regulation
Parr and Cohen on the transformation of bank regulation in 2009
What will Wall Street look like in 2009 and beyond?
2009 M&A Outlook: Lazard's Parr and Sullivan & Cromwell's Cohen on Wall Street's transformation
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