Expense management

Despite cuts, Wells Fargo is still spending too much

07/16/19

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.

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House stymies banks' push for rent-free space on military bases

06/13/19

The House Armed Services Committee approved a bill without a key provision that would allow banks a no-cost presence on military installations, a privilege some credit unions currently enjoy.

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Banks want the rent-free deal credit unions get on military bases

05/15/19

The Defense Credit Union Council and the Association of Military Banks of America sent dueling letters to Congress about whether banks should pay for space on military installations.

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LendingClub turns to outsourcing in latest effort to cut costs

05/07/19

The San Francisco-based online lender, which has recorded nearly $450 million in losses since 2016, is taking aggressive steps to achieve adjusted profitability later this year.

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Big gains, but warning signs: The top 200 publicly traded community banks

05/05/19

Profitability improved significantly last year for banks with less than $2 billion of assets, but not because of anything they did. Some troubling trends lurk beneath those big gains too.

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Against the odds: How the smallest banks are staying relevant

02/25/19

Tiny banks are recording healthy returns by carefully managing expenses and credit quality.

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In strategic shift, TIAA to close dozens of mortgage offices

02/21/19

The company will shutter the offices it inherited when it bought EverBank in 2017 and focus on lending to existing customers through digital channels. U.S. Bank will assume the leases on about 25 properties.

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Online lender Marlette reports profit, then takes jabs at the competition

02/01/19

As the consumer lender announced its seventh consecutive profitable quarter, its CEO bragged that his company is better positioned than the likes of Goldman Sachs and LendingClub.

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BB&T accelerates cost-cutting to fund tech expansion

01/17/19

The North Carolina regional closed dozens of branches and cut jobs across the company, directing a chunk of the savings to digital banking initiatives.

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Wells Fargo layoffs begin with 1,000 mortgage, tech jobs

11/15/18

Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.

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