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Truist looks to save $750M

Digital transactions increased 9% YoY in Q3

Whitney McDonaldbyWhitney McDonald
October 19, 2023
in Banking
Reading Time: 3 mins read
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Truist Financial continues its effort to save $750 million as the bank prioritizes efficiency and eliminates redundancies.  The savings are to be addressed by: $300 million in reductions, $250 million in organizational alignment and $200 million in rationalizing technology spend, according to today’s earnings presentation. No specific examples of reductions were provided by the bank. […]

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