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Due to the fact the primary this kind of restructuring system was initiated in 2008, we have concluded seven restructuring systems and have incurred full restructuring expenses of $384 million. We now haven't any open restructuring systems.
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Principally reflects severance and branch closure prices affiliated with our restructuring applications. We only involve such expenditures that are part of a restructuring system as restructuring expenses. The specified read more restructuring packages usually include the closure of a lot of branches above a short timeframe, normally in durations pursuing A serious acquisition, and lead to important expenditures that we wouldn't Ordinarily incur absent a major acquisition or other triggering event that results in the initiation of a restructuring plan.
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