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Truist Eyes Sizable Job Cuts in Effort to Trim Expenses

Truist Eyes Sizable Job Cuts in Effort to Trim Expenses
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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 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

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