Banks doing what?? 

Reliable bank, SunTrust, is going cheap on the job and intends to devastate 2,400 lives. In their glory to save $530 million annually by 2009, they will be taking away the corresponding amount of jobs. By this fiscal year, they will save about $45 million initially this quarter because of the pretax earnings of their former workers.

What’s SunTrust facing ? 

SunTrust faces a challenging future for there seems to be a high competition against other lenders in various margins and increasing credit losses. Current chief executive incumbent holder, James M. Wells, has made a progress in the expansion of the financial institution by three times its former state, and he acquired the position past January. So his current plan seems to be widening their communication towards their clients and hire those that support that department.

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