Such individuals presumably would be covered by the 90 percent match, but in border states in particular, the added burden of even a 10 percent match might be considerable.

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This latest scheme is, perhaps, an admission that Lazard's business has suffered as cross-border deals have grown in importance, and the bank has lagged in its ability to match this with cross-border advice.

ECONOMIST: Investment banking

The visitors bring a strong squad north of the border before embarking on a five-match series against Australia.

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