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Financial Times

Lazard’s Antonio Weiss withdraws from Treasury role

Senator Elizabeth Warren’s populist wing of the Democratic party has shown its clout by derailing the White House’s attempt to appoint a Lazard banker to a senior US Treasury post.
 
The nomination of Antonio Weiss, global head of investment banking at Lazard, had been opposed by Senator Warren who viewed him as a symbol of Wall Street’s unwanted influence over government and criticised him for lacking relevant experience.
 
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