Truist rides recovery to loan-loss provision to record $1 56B profit for second quarter
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Truist remains on pace with cost-cutting initiative, particularly jobs and branches
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The transition back to the workplace in the ongoing COVID-19 pandemic may present unprecedented challenges for employee and employer alike.
In many instances, it wonât be as simple as putting your familyâs picture or a potted plant back on the desk.
Workers could find their desks now in another room, another floor, another building, across town or another city because the employer chose during the pandemic to shrink its office footprint.
Both Truist Financial Corp. and Wells Fargo & Co. have commenced significant office downsizing initiatives, including in Winston-Salem for Truist.
Workers may wonder whether their employer will request or require a COVID-19 vaccination? Will the company offer an enticement or monetary incentive?
Truist Financial Corp. may be taking a deliberate approach toward a mid-2022 completion of integrating the BB&T Corp. and SunTrust Banks Inc. branch network and operational systems.
It s also continuing to step on the gas in its churning of jobs, branches and office space amid a pivotal digital transformation.
Truist, the nationâs sixth-largest bank, debuted Dec. 6, 2019, following BB&Tâs $33.5 billion purchase of SunTrust. Truistâs community/retail banking hub is in Winston-Salem, while the headquarters is in Charlotte. 2021 is going to be an intense year of focus on expenses, from the perspective of transforming our structures, so that weâre doing the right things in terms of investments and expense allocations, Kelly King, Truist s chairman and chief executive, told analysts Thursday.