IBERIABANK Corp. unit IBERIA Capital Partners LLC is shutting down its trading and equity research operations in New Orleans, The New Orleans Advocate reported Nov. 9, citing IBERIABANK spokeswoman Beth Ardoin.

The number of affected employees has not yet been determined. IBERIABANK's energy-focused unit has fewer than 20 employees, some of which could move to the bank, according to the report.

IBERIA Capital Partners will retain its brokerage operations.