Workforce management
Workforce management
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Prosecutors claim every dollar in subsidy funds from settlements equates to ten times the amount in value in home lending efforts.
April 24 -
Headcount at the nation's second-largest bank has fallen by around 1,000 since the end of last month. More job reductions are in the works after noninterest expenses rose by 6% during the first quarter.
April 18 -
The bank was already mulling headcount and compensation reductions in early September.
February 9 -
Truist Financial eliminated about 5% of its investment banking division amid uncertainty surrounding the dealmaking environment, according to people with knowledge with the matter.
February 7 -
The layoff round, which a spokesperson said represents "less than one quarter of one percent of the roles in the company," comes after Rocket announced a 20-person reduction in the marketing team in early January.
January 23 -
The fintech is also relying more heavily on its bank charter as rising interest rates make selling loans to investors more challenging.
January 13 -
The Arizona-based lender has been in business for 35 years and has branches in over 20 states.
January 6 -
The firm said it would still originate and service loans out of the office where the cost-cutting measures will occur.
December 20 -
Bank of America is slowing hiring as fewer employees leave in an attempt to manage the company's headcount ahead of a possible U.S. recession, Chief Executive Brian Moynihan said.
December 6 -
The firms trimming payroll include lenders, a mortgage insurance giant, an iBuyer and an online notarization software provider.
November 2