Zions Unveils Restructuring Plans, Updates Outlook
In an effort to improve profitability metrics, Zions Bancorporation ZION revealed a corporate restructuring and a number of initiatives to drive revenues and reduce expenses. With its organizational and operational modifications, the Utah-based bank intends to provide better customer experience, simplify the corporate structure and significantly drive positive operating leverage. In Brief The organizational restructuring move primarily includes consolidation of seven bank charters into one single charter bank, through maintaining local leadership, local products and services pricing and local brands […]