City National told California officials this week that the bank would permanently lay off 56 employees in Los Angeles County. The bank’s noninterest expenses ballooned $2.01 billion in…
Read more City National reports layoffs amid focus on controlling costsWhen you say the phrase “expense management” in a business context, people might think of software like Concur that tracks what you spend on travel, entertainment and other…
Read more Vertice raises $25M for AI-based tools to help companies tackle software spend | TechCrunchIn 2024, Bank of New York Mellon is forecasting a year-over-year decline in net interest revenue of approximately 10%, but it expects to hold the line on expenses…
Read more Bank of New York Mellon sets 3-5 year targets for profit growthConta Simples, an expense management and corporate card company in Brazil, raised a Series B round of $41.5 million, or more than R$200 million. Base10 Partners led the…
Read more Conta Simples grabs another $41.5M for its expense management approach in Brazil | TechCrunchThe overall pace of bank branch closures slowed in 2023, but certain banks still slashed the size of their brick-and-mortar networks substantially. U.S. banks closed 2,118 branch locations…
Read more PNC, U.S. Bank closed roughly one in 10 branches in 2023Citigroup CEO Jane Fraser told analysts Friday that the megabank is doing what it has pledged to do to achieve a turnaround. “We don’t pretend we’re at the…
Read more Citi CEO pledges ‘relentless execution’ of restructuring plan
