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SunTrust Banks, Inc. Message Board

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  • jimjr11 jimjr11 Jan 8, 2013 1:40 PM Flag

    Where did the expense reduction occur

    Staff cuts would have shown up in SG&A, $300 million would be about 3000 employees and would have been noticed, the charge to earnings for separation expenses that large would have been significant. Gotta be somewhere else.

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