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As financial institutions struggle to cut costs while boosting revenues, improved corporate real estate management offers opportunities to do both.
As vendor relationships become more important in the banking industry, institutions need to make sure that they are getting the most out of these contracts.
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.’