Stock Market Today: Indexes Turn Lower as Global Markets, Bank Stocks Fall

Lazard fired a top restructuring banker after he was said to have acted inappropriately toward employees of the investment bank at a party he hosted over the weekend, people familiar with the matter said.

Reid Snellenbarger, who was a co-head of Lazard’s North America restructuring practice and based in Chicago, was swiftly fired by Lazard. He had invited a group of Lazard financial-advisory employees to a gathering that wasn’t sponsored by the firm, the people said.