A senior Citigroup dealmaker who co-heads the bank's coverage of financial institutions in Europe left as part of a shake-up of the team. Piers Davison, a former JPMorgan banker who joined Citigroup six years ago departed, according to people familiar with the matter.

BNP Paribas’ equity broker Exane cut a number of roles in recent weeks in a move that has seen its deputy head of research depart. Exane, which is now entirely owned by the French bank, has let five analysts go in recent weeks, with Paul Schneider, who has been deputy head of research at the broker since 2018, among those to depart.