Hauling cash, replacing cards, fixing ATMs: the stubborn costs banks can't erase
July 19, 2016 at 01:00 AM EDT
NEW YORK, July 19 (Reuters) - Even after years of lean times, big U.S. banks are coming under new pressure to cut costs. But management teams are finding some expenses simply won't budge - like the $1 billion a year it costs Bank of America Corp to shuffle papers around and transport money in armored trucks.