Symone Graham - HoustonNewMedia.org https://houstonnewmedia.org/author/symone-graham/ Building "Bridges" Across the Bayou City! Wed, 22 Jan 2025 20:49:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://i0.wp.com/houstonnewmedia.org/wp-content/uploads/2022/11/cropped-cropped-Houston.png?fit=32%2C32&ssl=1 Symone Graham - HoustonNewMedia.org https://houstonnewmedia.org/author/symone-graham/ 32 32 103504436 Texas a top market for Truist’s growth in 2025, bank’s CEO says https://houstonnewmedia.org/texas-a-top-market-for-truists-growth-in-2025-banks-ceo-says/?utm_source=rss&utm_medium=rss&utm_campaign=texas-a-top-market-for-truists-growth-in-2025-banks-ceo-says Wed, 22 Jan 2025 20:49:33 +0000 http://houstonnewmedia.org/?guid=a148c7e26dc5228ae8ff05c080c0fdda Truist — formed via the 2019 merger of BB&T Corp. and SunTrust Banks Inc. — is ready to ramp up investments in a few key states in 2025.

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]]> 886525 Wells Fargo to shed most of commercial real estate mortgage-servicing business https://houstonnewmedia.org/wells-fargo-to-shed-most-of-commercial-real-estate-mortgage-servicing-business/?utm_source=rss&utm_medium=rss&utm_campaign=wells-fargo-to-shed-most-of-commercial-real-estate-mortgage-servicing-business Thu, 22 Aug 2024 12:58:35 +0000 http://houstonnewmedia.org/?guid=934c456930cb54f23b5df03aa7779e23 Amid ongoing pressures in commercial real estate, Wells Fargo has reached an agreement to sell a big piece of its CRE mortgage servicing business.

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]]> 809631 Truist efficiency plan includes ‘sizable’ headcount reduction, leadership shakeup to reach $750M in cuts https://houstonnewmedia.org/truist-efficiency-plan-includes-sizable-headcount-reduction-leadership-shakeup-to-reach-750m-in-cuts/?utm_source=rss&utm_medium=rss&utm_campaign=truist-efficiency-plan-includes-sizable-headcount-reduction-leadership-shakeup-to-reach-750m-in-cuts Wed, 13 Sep 2023 02:39:25 +0000 http://houstonnewmedia.org/?guid=0cb2b1c612d4cef5ef3693bff4bd67ed Charlotte, North Carolina-based Truist Financial Corp.'s plan to cut costs includes a "sizable reduction" in its workforce and consolidation of its leadership team.

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]]> 658878 Bank of America execs see ‘shallow recession’ ahead, plan to keep trimming headcount https://houstonnewmedia.org/bank-of-america-execs-see-shallow-recession-ahead-plan-to-keep-trimming-headcount/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-execs-see-shallow-recession-ahead-plan-to-keep-trimming-headcount Thu, 20 Apr 2023 12:23:24 +0000 http://houstonnewmedia.org/?guid=a675e3d1933d4db475f9d9a85f75b57d Bank of America CEO Brian Moynihan foresees a recession occurring later this year — and, despite BofA's strong financial results for the first quarter, job cuts are likely the horizon.

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]]> 584233 Bank of America, Wells Fargo among big banks to undergo Federal Reserve analysis on climate risk https://houstonnewmedia.org/bank-of-america-wells-fargo-among-big-banks-to-undergo-federal-reserve-analysis-on-climate-risk/?utm_source=rss&utm_medium=rss&utm_campaign=bank-of-america-wells-fargo-among-big-banks-to-undergo-federal-reserve-analysis-on-climate-risk Mon, 23 Jan 2023 18:12:51 +0000 http://houstonnewmedia.org/?guid=f83717f3181ac236912ca39a404d5321 The nation's six largest banks have until July 31 to disclose to the Federal Reserve how their operations could be impacted by climate change.

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