Lazard Posts Worst 2-Day Drop Since IPO, Leading Bank Slump

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  • Evercore, Greenhill also decline as Brexit dims deal outlook
  • Schlosstein says uncertainty ‘always slows down M&A’

Lazard Ltd. posted its biggest two-day decline since the company’s initial public offering in 2005, leading a slump of independent investment banks after the U.K. vote to leave the European Union.

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