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[ad_1] Deutsche Bank completed the IT migration of financial institution Postbank to its network during the third quarter and has decided to shutter nearly half of...
[ad_1] U.S. Bank’s investment in digitalization has enabled it to reach beyond its branch network as it plans to expand to seven new markets. The...
[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] Financial services company Morgan Stanley appointed Ted Pick as its new chief executive Wednesday. Effective Jan. 1, 2024, Pick replaces James Gorman, who has helmed...
[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] Capital One’s technological advances allowed the bank to expand underwriting, modeling and marketing in the third quarter of 2023. “Our modern technology capabilities are generating...
[ad_1] Lloyds Bank continued to prioritize the optimization of people, technology, and data in the third quarter. As part of its effort to gain efficiencies, the...
[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] KeyBank remained focused on expense management and improving its technology to stay competitive in the third quarter. The Cleveland-based bank’s noninterest expense increased to $1.1...
[ad_1] Huntington Bancshares remained steadfast in its commitment to control expenses during the third quarter, allowing it to maximize efficiency. “This focus on sustained efficiencies —...
[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] Bank of Nova Scotia will dismiss 3% of its employees and take a writedown on its investment in a Chinese bank in a broad restructuring...
[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] Barclays online and mobile banking systems were down for two hours today, with the London-based bank’s clients were unable to access their accounts, the bank...
[ad_1] Citibank is investing in technology and automation to modernize its security infrastructure, enhance client experience and improve its data structuring. “We’re deep into the large...
[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...