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Revenue-starved banks are more aggressively seeking simple ways to cut costs from operations, delivery channels and other areas of their budgets.
Staffing reductions should not be undertaken in a vacuum but rather as part of a holistic framework for improving efficiency.
For banks to maximize value on foreclosed properties, they need to think and act more like owners.
By focusing their expense reduction efforts on the back office, banks miss the savings to be found in the branch network, or ‘middle office.’
Customer impact must be considered for expense control to generate sustainable efficiency improvements.
Banks need to keep customers and markets in mind while cutting branch networks.