Bank of America puts investments over cost cuts as ‘operating leverage’ fades
For the first time in nearly
five years, Bank of America Corp did not rely on cost
cuts to amplify profits – the latest sign of big U.S. banks
prioritizing investments in their businesses over short-term
gains.
five years, Bank of America Corp did not rely on cost
cuts to amplify profits – the latest sign of big U.S. banks
prioritizing investments in their businesses over short-term
gains.
Posted by Reuters
