TUNE-UP TIME: Regions Financial's new securities unit stemmed from an effort to get corporate and middle-market bankers "aligned together," said John Turner (left), head of the corporate bank. Meanwhile, rival SunTrust' is "hitting on ... all eight cylinders" thanks in part to its investment banking unit, CEO Bill Rogers said.
In the push for more noninterest income, regional banks have expanded their investment banking divisions, including capital markets and M&A advisory. Regions Financial has the most challenging task, as it rebuilds after divesting Morgan Keegan.
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