Huntington Bank Cutting up to 200 Jobs

COLUMBUS, Ohio (WTVN)--Huntington Bancshares is cutting 200 jobs across the midwest.

According to the Columbus Dispatch, affected workers are being notified this week about the move.

The bank blames a cut in a key federal interest rate, which has happened twice this year. The cuts are good for businesses and consumers, but it reduces the opportunity for banks to make money.

There are concerns another rate cut could happen before the end of the year.

In a statement, the bank said, "We understand the weight of the decision on our colleagues and will support them through a planned transition. Huntington will continue to enhance the performance and efficiency of the company, while investing in technology to meet the needs and desires of our customers.”

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