Investment 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.

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

The $660 million investment from Hudson Executive Capital is seen as a vote of confidence in Deutsche Bank CEO Christian Sewing.

Consumer finance portal will be able to tell customers which loans they’ll qualify for; Marcus unit will soon offer investment services.

On paper, conditions would seem favorable for regional banks to pursue acquisitions in order to overcome organic growth challenges. But executives have poured cold water on that idea in recent days.

Commercial and industrial lending rose 8% in the third quarter at the Cleveland bank, but other factors drove its double-digit gain in profits as overall loan growth was modest.

BofA hasn’t taken advantage of the benefits of owning Merrill Lynch; weakness seen despite stronger bank earnings.

The interest-rate moves stoking President Donald Trump’s ire are also fueling Citigroup Inc.’s profits.