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The rest applies to the trading and corporate banking areas.
It will also gain a slight share in corporate banking.
Chemical Bank said it would lay off 200 workers, or 20 percent of its 1,000-member corporate banking staff.
But until then there is some money to be made from corporate banking related to emerging markets.
The firm also had a strong corporate banking business.
Earnings for corporate banking increased 34 percent, to $689 million.
And he even discussed whether investors would force the company to spin off its corporate banking franchise.
Chemical, by contrast, boasts that it is the No. 1 player in corporate banking.
Presently, the bank is focusing on corporate banking and global Treasury.
Provides corporate banking services to large corporations, financial institutions and public sector organizations.
It provides retail and corporate banking services in the United States.
Benefits from the merger have already helped the bottom line in corporate banking, Citigroup said.
Security Bank's major businesses include wholesale corporate banking, middle market lending and financial markets.
We have the corporate banking activities as well.
That can cut into the services that have defined corporate banking for generations.
Profits from corporate banking and trading fell by 9 percent, to $382 million.
He assumed additional responsibility for the Group's corporate banking business in May 2002.
Larger businesses are managed via the corporate banking division of the institution.
The banks have agreed to cooperate on wealth management services, credit cards and corporate banking.
Corporate banking in emerging markets jumped 45 percent, to $393 million.
Profit from corporate banking in emerging markets increased 27 percent, to $433 million.
He was named to the bank's board in 1986 and since 1988 has been a managing director in the corporate banking division.
The two banks said that the combination would result in a company, like Citigroup, with strong consumer and corporate banking businesses.
The bank's services cover the classical areas of retail banking and corporate banking.
Marine said the results were an improvement from earlier this year in such areas as consumer and middle-market corporate banking.