bank earnings Archives

TCH leverages AWS to 'significantly reduce' onboarding time

Financial services technology provider Fiserv is deploying AI to drive productivity and sees growth opportunities in the point-of-sale and real-time ...

Truist to invest in tech for cost savings

byVaidik Trivedi

April 22, 2024

Truist Bank expects to continue investing in technology to save money as it restructures. “We continue to see improvements in ...

Dave posts first quarterly profit since going public

byVaidik Trivedi

March 5, 2024

For the first time since going public in 2022, digital bank Dave posted a profitable quarter. Dave reported fourth-quarter adjusted ...

Signage outside a UBS Group AG bank branch in Zurich, Switzerland, on Friday, March 17, 2023. UBS and Credit Suisse Group AG are opposed to a forced combination, even as scenario planning for a government-orchestrated tie-up continues, according to people with knowledge of the matter. Photographer: Francesca Volpi/Bloomberg

UBS to complete Credit Suisse integration by 2026

byVaidik Trivedi

February 6, 2024

UBS continues to integrate Credit Suisse into its operations, dealing with high general and administrative costs related to the acquisition. ...

Valley Bank to be 100% cloud native by 2026

byVaidik Trivedi

January 29, 2024

Valley Bank is looking to move all its operations to the cloud by 2026 to achieve efficiency and scalability. The ...

Truist restructuring costs to reach $225M

byVaidik Trivedi

January 18, 2024

Truist Financial is simplifying its operations through ongoing restructuring efforts, affecting headcount, footprint and innovation. Costs associated with the restructuring ...

TD’s tech spend up 18% YoY to $458M

byVaidik Trivedi

December 1, 2023

TD Bank is investing in technology to drive efficiency, reduce costs, and restructure operations with AI efforts at the forefront. ...

Royal Bank of Canada (RBC) headquarters in the financial district of Toronto, Ontario, Canada, on Thursday, Aug. 24, 2023. Royal Bank of Canada said it plans to cut as much as 2% of its full-time equivalent staff in the coming quarter after a surge in expenses weighed on third-quarter results. Photographer: Cole Burston/Bloomberg

RBC to acquire HSBC Canada for $10B

byVaidik Trivedi

November 30, 2023

Royal Bank of Canada is set to close its CA$13.5 billion ($10 billion) all-cash acquisition of HSBC Canada in the ...

EU banks post record earnings, UK banks struggle for deposits

byVaidik Trivedi

November 20, 2023

Major banks in the European Union and the United Kingdom benefited from high rates during the third quarter, while others ...

Q3 earnings roundup: Tech spend jumps, headcount falls

byVaidik Trivedi

November 2, 2023

Major U.S. banks invested in AI and automation while pulling back on headcount as cost reductions remained a priority during ...

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Tag: bank earnings

Fiserv deploys AI for productivity

Truist to invest in tech for cost savings

Dave posts first quarterly profit since going public

UBS to complete Credit Suisse integration by 2026

Valley Bank to be 100% cloud native by 2026

Truist restructuring costs to reach $225M

TD’s tech spend up 18% YoY to $458M

RBC to acquire HSBC Canada for $10B

EU banks post record earnings, UK banks struggle for deposits

Q3 earnings roundup: Tech spend jumps, headcount falls

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