Macquarie Issues Profit Warning [Morning Update]

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals.

Today’s Top Stories:

• Money Markets: the SEC over the next few weeks will unveil a proposal aimed at shoring up the money market fund industry
• Lazard IB Results: Total revenues missed by $0.05 driven by weakness in investment banking M&A activity and Asset Management http://bit.ly/Ae6PLs
• White House Budget: Obama will release his F13 budget next week, calling for ~$3T in deficit reductions over 10 years
• Spanish M&A: the country’s investment banking sector could see a fresh...
  

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