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US corporate leaders defend Treasury nominee against congressional critics

Lazard banker Antonio Weiss seen as being too close to Wall Street

Washington

SOME of the biggest names on Wall Street came to the defence of US Treasury nominee Antonio Weiss - as lawmakers criticise the Lazard Ltd banker for being too close to Wall Street.

More than 60 business leaders, including Morgan Stanley's James Gorman and BlackRock Inc's Laurence Fink, on Friday endorsed Mr Weiss to be undersecretary for domestic finance. They joined four former holders of the position to say that he's well-qualified for the job.

"He will be a careful steward of the Treasury...

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