Truist trims expenses to boost tech investments
The bank launched Truist Assist in September
Truist reduced expenses while prioritizing long-term investments in talent and technology in the third quarter. The $548 billion bank’s adjusted noninterest expenses dipped 4.8% year over year to $3.6 billion due to merger cost savings, according to the bank’s earnings supplement. However, noninterest expenses increased sequentially by $33 million as the bank continued its investments […]
