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The Columbus, Ohio, bank hopes both to reduce costs and increase revenue by consolidating three segments into a single unit. Huntington is particularly focused on building out its wealth management business.
February 16 -
Robinhood Markets cut almost a quarter of its workforce in a broad reorganization after a punishing first year as a public company.
August 2 -
CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors.
January 15 -
Several companies said this week they’re slashing expenses as the economy limps along. Others would prefer to keep investing in new technologies to better gauge which changes in consumer behavior will stick.
September 16 -
Sergio Ermotti is under pressure to lift a stock that has trailed peers for a year.
October 28 -
The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.
July 16 -
Retirees often underestimate the cost of the second-largest expense for people 65 and older.
February 6 -
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The bank, which has 265,000 employees, is struggling to grow under the weight of a Federal Reserve assets cap.
September 20 -
CEO Sergio Ermotti said UBS had begun to cut costs following the merger of the U.S. and international wealth management divisions.
July 26