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"We were somewhat disappointed with expense growth," he said.
Happily, revenue growth was 5.6percentt, and expense growth was 5.3percentt.
A result, he said, is a slowing of "the rate of employee-related expense growth in our business".
Like all organizations, we have to balance our annual operating budget, and we want revenue growth to match or exceed expense growth.
"We don't measure our success by league tables," Mr. Thompson said, referring to Wall Street rankings, but he said the bank was looking to slow expense growth in the area.
He noted, for instance, that AvalonBay Communities, a company for which he has a positive outlook, has had flat expense growth this year, compared with a 2 to 3percentt increase during typical years.
Similar(44)
Alternatively, sexual maturation may be speeded up at the expense of growth and development, as is the case in certain annelids [ 6] and velvet worms [ 7– 9].
For some annuals and perennials, increased WUE results in a measure of drought tolerance at the expense of growth and development [ 3, 4].
Whereas loss-of-function mutations in the ubiquitously expressed BRI1 receptor leads to drought resistance at the expense of growth, overexpression of BRL3 receptor confers drought tolerance without penalizing overall growth.
There was no evidence suggesting that selection for increased chemical concentration would occur at the expense of growth rate.
If I stop that scene before it even starts, he avoids disappointment, but at the expense of growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com