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[ad_1] For the first time since going public in 2022, digital bank Dave posted a profitable quarter. Dave reported fourth-quarter adjusted EBIDTA of $10 million compared...
[ad_1] UBS continues to integrate Credit Suisse into its operations, dealing with high general and administrative costs related to the acquisition. “There is a significant amount...
[ad_1] Valley Bank is looking to move all its operations to the cloud by 2026 to achieve efficiency and scalability. The $61 billion, Morristown, N.J.-based bank...
[ad_1] Truist Financial is simplifying its operations through ongoing restructuring efforts, affecting headcount, footprint and innovation. Costs associated with the restructuring are expected to reach $225...
[ad_1] TD Bank is investing in technology to drive efficiency, reduce costs, and restructure operations with AI efforts at the forefront. The Toronto-based bank’s total...
[ad_1] Royal Bank of Canada is set to close its CA$13.5 billion ($10 billion) all-cash acquisition of HSBC Canada in the first quarter of next year...
[ad_1] Major banks in the European Union and the United Kingdom benefited from high rates during the third quarter, while others competed for consumer deposits. European...
[ad_1] Major U.S. banks invested in AI and automation while pulling back on headcount as cost reductions remained a priority during the third quarter. Bank of...
[ad_1] HSBC is managing expenses by investing in technology and increasing efficiency. London-based HSBC’s operating expenses increased by 1% year over year to $7.96 billion in...
[ad_1] NatWest is looking to customer data to drive deposits amid uncertain macroeconomic conditions. The $890 billion bank is dealing with inflationary pressures and working to...
[ad_1] Barclays PLC is looking to reduce its expenses to provide more returns to shareholders while increasing investment in technology. Despite that, the $1.9 trillion bank...
[ad_1] Truist Financial continues its effort to save $750 million as the bank prioritizes efficiency and eliminates redundancies. The savings are to be addressed by: $300...
[ad_1] Fifth Third Bank is modernizing its platform to better serve clients while cutting costs amid uncertain macroeconomic conditions. “In the last four years, we’ve managed...
[ad_1] Ally Bank will continue to invest in technology to gain a competitive advantage over its peers. The bank is looking to keep expenses flat in...
[ad_1] Citizens Bank reiterated its commitment to migrating all operations to the cloud by 2025 to create a modern banking platform during today’s third-quarter earnings presentation....
[ad_1] Goldman Sachs increased its investment in tech in the third quarter amid headcount reductions to boost operational efficiency and cost savings. The $2.6 trillion investment...
[ad_1] BNY Mellon is investing in automation, AI and new technologies to increase efficiency and drive innovation. Automation of processes, digitization and AI across the firm...
[ad_1] Wells Fargo is leveraging technology and automating investments to streamline its operations as the $1.6 trillion bank continues to trim its workforce. “I would say...
[ad_1] JPMorgan Chase’s expenses increased in the third quarter as the bank invested in people and technology. The $3.7 trillion bank’s consumer and community banking expenses...
[ad_1] PNC Bank is looking to reduce and manage expenses and use the resulting funds to invest in technology. “We are focused on expense management, particularly...