5. GENDER EQUALITY

Truist Shares Plunge After Bank Says Cost-Cutting Is Slow – The Wall Street Journal

Truist Shares Plunge After Bank Says Cost-Cutting Is Slow  The Wall Street Journal

Shares of Truist Financial Corp. fell 8% after the regional bank said its 2019 merger would take longer to deliver cost savings.

The Charlotte, N.C.-based bank said it would reach 30% of its expected $1.6 billion in merger-related savings in 2020, down from its target of 50% announced alongside the deal.

Truist was one of the worst performers…

Source: wsj.com

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