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Regionals Take on Wall Street in Investment-Banking Push

SunTrust, KeyCorp report record fees from capital markets.

By Jenny Surane, Bloomberg | Updated on July 24, 2017

Atlanta and Cleveland are far from Wall Street, but regional banks in those and other U.S. cities are mimicking their bigger competitors by plunging into capital markets.

SunTrust Banks, KeyCorp and Citizens Financial Group are among large regional lenders that have been building out their investment-banking capabilities as stubbornly low interest rates have crimped profits. Now they’re reaping the benefit, reporting record fee income from the units in the first half of the year.

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