Headcount increases in Brazil and Mexico are among the “immediate bets” the company is making, executive GM Ravi Adusumilli said.

The central bank’s vice chair for supervision previewed changes that would cut in half the extra capital the nation’s largest banks would be forced to hold.

The deal, set to close in the second quarter of 2025, will extend NBT’s footprint into western New York by adding 18 Evans Bank branches.

The Pittsburgh-based lender’s CEO is wary of larger rivals building branches in every city but indicated he won’t pay “silly” M&A prices for a “busted” franchise, he said.

The move puts the Charlotte, North Carolina-based lender presumably one raise away from its long-held goal of lifting its pay floor to $25 per hour by next year.

Goldman Sachs plans to cut a few hundred employees as part of its annual review process to trim underperformers, The Wall Street Journal reported Friday. The process will dismiss 3% to 4% of the ...