If what she said is true, a fifty percent efficiency ratio is two billion savings. Do the math... That's aroud 20K employees over the next.…
8 replies (most recent on top)
Efficiency ratio at the expense of risk. Laughable strategy from an investor perspective because it is short lived.
@a7 There were far less products & services, levels of management and offshoring then too.
We ranged between 51-53 from 2010-2014. For reference. Agree trying to get there is not likely, but we have been there since I worked here.
We won’t be able to generate revenue at that ratio. Ridiculous
@a4 spot on
That seems correct. Remember we had about 80,000. Employees in 2023 after Union acquisition. I think last report was 67,000 employees now? I think they want to get it down to 50,000 employees ,human expenses
@a2 she's probably dying to match chase @48 percent. Whatever the target is, seems
Mooooore rifffffa otw
50% ER is an insane and stupid goal. Richard Davis had it at 55 and that was considered good. Investors are sick.