Adjusted efficiency ratio was 56.9%, up from 55.9% in fourth-quarter 2020. A rise in efficiency ratio indicates deterioration in profitability.
This can only mean more consultants coming in to figure out more people to get rid of. It’s never going to get better here.
@4vpa please read slowly @4utga post in response to yours. That finger you’re pointing has 3 pointing back at you. The arrogance you espouse is the problem along with poor leadership exhibited by almost everyone managing a business unit and their bosses up the line. MOE’s never go well because of infighting among management and this one is no exception.
I don’t have a dog in the technology fight, as I am not “heritage” anyone. I have evaluated significant software from both sides, and despite the widely held belief on the STI side that BBT was a “country bank” and STI technology was “superior”, it is simply not the case.
Neither bank was were where they should have been, but by a slim margin, I would actually say BBT utilized their technology tools more effectively. I will say this to HSTI employees – having bad technology is not good, being arrogant about your bad technology is downright dangerous. In a similar vein, I have noticed most HBBT teammates have been FAR more open to making improvements in their technology than the curiously paranoid HSTI side...
HST people are leaving. The back–country, down–home approach does not fit well for running a big bank. HBBT's idea of technology is an electric typewriter. MOE quickly turned into MOFU
I’m working on my tan. Did wonders for Deontae. Get me some bronzer
What did Kelly pay Ben Crump? For the lecture on Privilege? Maybe the old rebel boys shoulda saved dere coins, not thrower at some shakedown artist.
Dante Brown approved doh
The way the market views this the number should be no greater than 50%. CEO’s, BOD’s will push for this number to drop dramatically over the next 12 months and it will. Will equate to approximately 2500 to 3500 more job cuts. As a sidebar HBBT people have been leaving in droves choosing to escape the SunTruist leadership that is, shall we say, less than desirable.
Yep, here we go again, another round of layoffs. It's their fault, clients are leaving in droves.