The articles presented reflect a growing trend in the post-recession era of the financial service industry. Cutting costs has been an important strategic plan for many organizations post-recession, both in and outside of the financial service industry. With the markets in their current decline to start out 2016, low interest rates, and the effect of the troubles in the global markets, cutting costs is one of the few things that organizations can have some control over. Companies like Bank of American and Morgan Stanley have cut costs through restructuring the corporate infrastructure, cutting out unessential costs, and cuts in compensation, which have helped the companies show profits for year end. While cost cutting has been able to help
