Citigroup has become the second bank in as many days to hire a top banker to push into the Nordic region, on expectations of banking consolidation in the Danish market.

The US bank has hired Per-Henrik Lewander from the Royal Bank of Scotland to run its FIG division in the Nordic region. The move means a return to the US bank for Lewander, having begun his banking career at Citigroup in 2001.

US bank becomes second in as many days to hire a top banker to lead a drive into the Scandinavian region on expectations of banking consolidation

Sebastian Walsh

Citigroup

Danske Bank

DnB NOR

Royal Bank of Scotland

Credit Suisse

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The bank put $50 billion toward lending to riskier companies to compete with nonbank giants dominating the market. The Walgreens deal was the payoff.

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The president again pushed the Fed to lower rates, helping power the S&P 500 and the Nasdaq composite to fresh record closing highs.

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