Attempting to shape its capital markets staff to suit its core middle- market customer base, NationsBank Corp. recently fired between 50 and 55 employees, many of them specialists in investment-grade securities.

The Charlotte-based bank had amassed nearly 1,000 people on its capital markets team to provide such products as high- yield and investment-grade bonds as well as mergers and acquisitions advice.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.