BB&T lets go of 61 downtown workers

Posted at 10:31 AM, Jul 28, 2016
and last updated 2016-07-28 10:32:28-04

RICHMOND, Va. — One of the big players in the Richmond investment banking industry is trimming its downtown headcount.

BB&T Securities, part of North Carolina banking giant BB&T Corp., announced Wednesday a restructuring that will eliminate 61 employees at its Riverfront Plaza offices at 901 E. Byrd Street.

Employees were notified of the changes that day, but the company would not comment on the timeline of when the cuts will be made.

The main arm of BB&T Securities in Richmond is BB&T Capital Markets, which handles all sorts of debt and equity investment banking deals and is headquartered here.

The company said its Scott & Stringfellow arm, which is also based in Richmond and operates under the BB&T Securities umbrella, is not affected by the layoffs.

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