Tag:
expenses
Latest Headlines
Latest Headlines
Bank of America aims to cut more costs
It was big news when Bank of America launched its Project New BAC initiative last year -- a plan to significantly cut costs to survive in this new era of banking.
The initial focus was retail and back office operations, and the bank eventually found $5 billion in projected savings, which entai
Citigroup bent on eliminating all unnecessary costs
The New York Times posts a telling memo from John Havens, the head of Citi's institutional clients group about expenses. It's fair to say that the perks bankers once enjoyed are going away. Blackberry purchases now require pre-approval. Citi is also cutting back on management consultants and c
