Commercial banking

After being involved in more than 70 syndicated finance transactions involving noninvestment grade companies, KeyBanc Capital Markets has graduated to lead bookrunner status, under Amy Carlson.

The Pittsburgh bank joins Bank of America and other large financial players in a distributed-ledger network that seeks to make global payments in real time.

The $506 million-asset GFA Federal Credit Union says it will begin accepting clients in the recreational marijuana business, making it the first Massachusetts financial institution to do so.

The agency said it would not apply the data collection requirement for existing accounts that automatically renew or roll over, such as certificates of deposit or commercial credit cards.

Citigroup promoted bankers Tyler Dickson and Manolo Falco to run a reconstructed version of its investment banking operations.

Investigators have sought more information from the bank in recent weeks about whether management pressured workers to improperly change documents in order to meet a regulatory deadline, according to a news report.

The head of commercial banking at Citizens Financial urged bankers and other financial professionals to step out of their traditional roles and guide clients through corporate governance, data and other challenges that they themselves have dealt with.

Small and midsize banks are most at risk as commercial loan volume fails to ignite; the cutbacks are partly the result of lower origination volume.

BBVA Compass said on Wednesday that it was partnering with the broker-dealer Brean Capital to offer a variety of capital and investment banking services for community banks and correspondent banks.

The Chicago-based Hutchinson, Shockey, Erley & Co. focuses exclusively on municipal securities.