Michael O’Grady "We focused much of our efforts in 2023 on expense control, making various structural and governance changes to enable sustained long-term productivity improvements. Actions included disciplined headcount management, vendor consolidation, rationalization of our real estate footprint, and process automation. Although we brought our year-over-year expense growth down in each quarter this year, our expense growth in 2023 was still too high relative to our trust fee and revenue growth levels in recent years. As such, lowering the trajectory of our expense growth further remains a top priority this year as well."
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I can't wait until that place closes for good. I've contracted there several times and each time was awful. The culture is ridiculous. Good contractors are driven away while they keep id--ts who toe the line. I hope it goes the way of Silicon Valley Bank and quickly.
only 4% q4 ROE?? why so low? is that a typo?