Executives in investment banking said that Mr. Wolff was investigating putting together a deal.
"We both have a strong focus on private banking," said Sir John Bond, chairman of HSBC.
"I took home more in cash when I first went into banking," said one banker who works as a managing director in London for a Wall Street.
"We have known and respected Larry for many years," Antonio Weiss, Lazard's global head of investment banking, said in a statement.
"Scotiabank is committed to preserving what ING Direct's customers have come to love about it," Anatol von Hahn, Scotiabank's group head of Canadian banking, said in a statement.
Mr. McGuire, Citi's head of global banking, said the committee had had many conversations and was getting input from community leaders, scholars, activists and politicians.
Some of the hybrids "became tainted by the Sodom of investment banking," said Dennis Santiago, chief executive of Institutional Risk Analytics, a research firm.
"We think customers need to be put in charge of their banking," said Alasdair Smith, chairman of the retail banking investigation.
"He always likes to buy into industries he understands and he feels comfortable with banking," said Drew Woodbury, an analyst with Morningstar.
franchise and increasing our participation in landmark and cross border transactions," Raymond J. McGuire, Citigroup's head of investment banking, said in a memorandum to staff members last week.
You get the benefits of global banks in London without heightened risk to high street banking," said Vickers.
