Investment banking

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

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.

Bill Davidson, who heads the company's U.S. technology banking team, will oversee the global expansion efforts.

Royal Bank of Canada fired its U.S. investment banking chief Blair Fleming because he failed to disclose that he was having an improper relationship with an employee.

The investment bank agreed to buy Business Bancshares in St. Louis.

The German banking giant isn’t targeting a specific level of cuts in the U.S. and the final figure will depend on each business line’s decisions, a source said. The U.S. makes up about one-tenth of its global workforce.

The measures will lead to a “significant reduction” in the roughly 97,100-person workforce this year, the German banking giant said.

Live Oak Bancshares wants its next bank president to “step on the gas” as it accelerates growth into new industries.