Commercial banking

The structure of Citigroup's newly combined investment banking and capital markets division is becoming clearer, with the appointment John Chirico and Kevin Cox as co-heads of the business for North America.

Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income.

Robert Rubino will join the New York company in February as president of CIT Bank and head of commercial banking.

U.S. earnings climbed 44% from a year earlier, aided by lower taxes, a widening net interest margin, record contributions from its stake in TD Ameritrade.

It's the latest expansion step in commercial services there by the Atlanta bank, which has no retail branches in Texas.

Miners of the digital currency are losing interest, which could lead to more price declines; scandal-scarred banks among those that endorse Principles for Responsible Banking.

The lender is working with the fintech Biz2Credit to offer both secured and unsecured digital loans.

The bank has long had a program in place to train new employees, but now it’s testing a pilot to help retrain existing staff for different careers at the institution.

Citigroup CEO Michael Corbat added to the chorus of bankers offering warnings about credit risks that loom outside of the banking industry.

The California company will pay $280 million for Leerink Holdings, which focuses on health care and life science firms.