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Truist Eyes Sizable Job Cuts in Effort to Trim Expenses

Truist Eyes Sizable Job Cuts in Effort to Trim Expenses
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New yorkUnited statesMike mayoBill rogersBloomberg truist financial corpBank indexBarclays global financial services conference onWells fargo coNorth carolina basedExecutive officer bill rogersBarclays global financial services conferenceWells fargoTruist primedActivist push

Truist Primed for Activist Push on Costs, Governance, Mayo Says

Truist Primed for Activist Push on Costs, Governance, Mayo Says
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New yorkUnited statesMike mayoBloomberg truist financial corpJpmorgan chase coBank indexGoldman sachs group incWells fargo coWall streetGoldman sachs groupNorth carolina based truist

Truist Joins US Regional Banks Reporting Higher Deposit Costs

Truist Joins US Regional Banks Reporting Higher Deposit Costs
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Bill rogersKatherine dohertyCleveland keycorpFifth third bancorpBloomberg truist financial corpThird bancorpFederal reserveNorth carolina based truistCincinnati based fifth third bancorpExecutive officer bill rogers

Truist Joins US Regional Banks Posting Higher Deposit Costs

(Bloomberg) Truist Financial Corp. and two other US regional banks reported rising deposit costs as higher interest rates squeeze their profitability.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Sinks as Musk Warns of More Blows to ProfitabilityMusk Says Tesla to Spend Over $1 Billion on Dojo SupercomputerAt Charlott

Bill rogersKatherine dohertyBloomberg businessweekCleveland keycorpThird bancorpFederal reserveFifth third bancorpBloomberg truist financial corpNorth carolina based truistCincinnati based fifth third bancorpFifth thirdExecutive officer bill rogersInterest ratesBalance sheetsNet interest incomeBalance sheet