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Rate cuts helping drive up expenses at regional banks

Wednesday, January 22, 2020   (0 Comments)
Posted by: Amanda Averch
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Many regional banks say they are seeing expenses rise faster than revenues due in part to the Federal Reserve's interest rate cuts in 2019. "Now we've had three cuts and when net interest income contracts, it certainly crimps the top line and makes it hard to sustain that operating leverage," said Citizens Financial CEO Bruce Van Saun.

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