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Website title: Banking News and Analysis | Banking Dive

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Whispers about a return to full-time office work have been stirring at PNC since CEO Bill Demchak said in a December fireside chat that remote work “hurts” companies.


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Bank of America CEO Brian Moynihan expects his bank’s workforce to shrink as the lender leans into AI. Citi CEO Jane Fraser, meanwhile, said the “bar is raised” for working at the bank.


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Expect the acceleration in bank M&A to pick up further, especially in advance of this year’s midterm elections.


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The Everett, Washington-based bank will take on responsibility for “governance, oversight and long-term brand stewardship,” arguably deepening a partnership in its BaaS stable.


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The green light, 99 days after proposal, will make Fifth Third a Category III bank – and comes despite an intense campaign by Comerica investor HoldCo Asset Management.


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