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Truist restructuring costs to reach $225M

Bank’s equipment expenses decreased 11% to $124M in Q4

Vaidik TrivedibyVaidik Trivedi
January 18, 2024
in Banking
Reading Time: 4 mins read
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Truist Financial is simplifying its operations through ongoing restructuring efforts, affecting headcount, footprint and innovation.   Costs associated with the restructuring are expected to reach $225 million, or more than 30% of the bank’s savings goal of $750 million for the year, Chief Financial Officer Mike Maguire said today during Truist’s fourth-quarter 2023 earnings call. “We […]

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Tags: chatbotsdigital bankingearningsPremiumTruist Bank
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