trending Market Intelligence /marketintelligence/en/news-insights/trending/mO_iIyILidmJ-wio7W7MGg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Zions Bancorp to lay off 5% of workforce to improve operating efficiency

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Zions Bancorp to lay off 5% of workforce to improve operating efficiency

Salt Lake City-based Zions Bancorp NA disclosed that it will reduce its workforce to improve its operating efficiency.

On the bank's third-quarter earnings call, CEO Harris Simmons announced that Zions Bancorp will let go of 5% of its employees. This will cause a temporary increase of about $25 million in noninterest expenses during the fourth quarter due to severance packages and other similar efficiency-related charges, Simmons said.

COO and President Scott McLean said the bank will see the benefits from the workforce reduction throughout 2020. While the executives would not give an estimate of cost savings, Simmons said taking the 5% reduction and applying it to the bank's salary and benefits number could give a "rough approximation."

McLean said the reduction will include about 30% customer-facing employees and 70% other enterprise and back-office personnel.