Citigroup may revamp investment banking

Merger plan: Pedestrians wait to cross a road in front of a Citigroup’s Citibank branch in Sydney. The lender would likely combine its corporate and investment bank with its capital markets origination business. — Bloomberg

LONDON: Citigroup Inc is planning to promote bankers Tyler Dickson and Manolo Falco to run a reconstructed version of its investment banking operations, people familiar with the plan said.

The lender would likely combine its corporate and investment bank with its capital markets origination business, the people said, declining to be identified as the details are private.