News Topic: Expense management

Investing in technology has been an important focus for banks. But big questions remain about these investments, including how best to pay for them. ... Read full article

The North Carolina company's efforts to contain expenses made up for a marginal increase in revenue. ... Read full article

The Alabama company, as part of an efficiency effort, is streamlining its organizational structure and creating a division focused on community engagement. ... Read full article

A debate is brewing about whether rising rates mean banks must pay more to hold onto deposits from city and county governments — and whether they are worth it. Some would say no question on both counts, while others say it all depends on the financial ... Read full article

The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road. ... Read full article

A mix of tax sweeteners and a lower cost of living has prompted banks such as MUFG Americas, Northern Trust and Bank of the West to locate corporate-level jobs in Phoenix and surrounding areas. ... Read full article

You read that right. Community bankers hope efforts by JPMorgan Chase, Amazon and Berkshire Hathaway will drive down health care costs — and maybe create products or services they can use. ... Read full article

Executives at U.S. Bancorp and Bank of America plan to use their tax savings to ramp up spending on new technology to stay competitive — but they sought to reassure investors that they would not abandon cost control. ... Read full article

Costs fell less than 1% to $54.7 billion in 2017, and its goal for 2018 is $53 billion. Analysts question whether revenue growth and tax relief will reduce the incentive to get leaner. ... Read full article

Wealth management assets, deposits and fee income swelled at the San Francisco bank, but interest and noninterest costs rose along with them. ... Read full article

Changing political and economic forces are raising new questions about deployment of tax savings and the cost of deposits, while old concerns about cost-cutting, credit quality and risk taking persist or return. ... Read full article

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations. ... Read full article

The company has been working to address an informal agreement with regulators tied to Bank Secrecy Act compliance. ... Read full article

The company also set high expectations for revenue opportunities while projecting it will deliver at 15% return on equity in 2019. ... Read full article

Blue Lion Capital believes a heavy focus on mortgages and acquisitions is hurting HomeStreet's financial performance. ... Read full article

Bridge Bancorp, which plans to rebrand is bank as BNB Bank, also plans to boost 2018 profit by $3.3 million by closing 14% of its branches. ... Read full article

The San Francisco company is one of numerous online lenders that are struggling to become profitable. ... Read full article

The online small-business lender, which has been cutting expenses, said it is on track to achieve profitability in the fourth quarter. ... Read full article