U.S. banks say cost cuts mostly out of sight during coronavirus
During recessions, big U.S.
banks usually turn to cost-cuts to boost results. But during the
coronavirus pandemic, they are spending more by necessity and
mostly say they have no plans to dramatically alter staff levels
or budgets through the rest of 2020.
banks usually turn to cost-cuts to boost results. But during the
coronavirus pandemic, they are spending more by necessity and
mostly say they have no plans to dramatically alter staff levels
or budgets through the rest of 2020.
Posted by Reuters
