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The U.S. bank said it would close its London commodities and trading desk and centralize operations in New York.
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The Company originates and services personal loans (secured and unsecured) through two business divisions: branch operations and centralized operations.
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In an interview with Reuters, Oglesby said Asbury's restructuring that included centralizing operations and moving near Atlanta from New York is essentially completed.
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Costs associated with compliance, business operations such as trade support and centralized operations such as know-your-customer checks, could fall by up to 50 percent.
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Canadian Tire said it is looking to cut costs by centralizing operations such as marketing and sourcing for its multiple banners including Mark's and SportChek.