Climbing costs at HSBC have added to growing investor concerns about how big banks manage their expenses, putting executives under pressure to quickly address spending. Although banks have seen revenues balloon in the higher interest rate environment of recent years, fast-rising costs are now beginning to pinch, consultants and shareholders said. Recent results have shown lenders struggling with wage bills, regulatory costs and accelerating investment plans.
ALFRED — Alfred University is partnering with the Investment Casting Institute on a $3 million federally-funded project researching ways to utilize 3-D printing in the casting and forging manufacturing processes.
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