Technology spend at banks varied during the fourth quarter of 2022 amid talk of a recession. The $3 trillion Bank of America saw 8% growth in non-interest expenses in Q4 to $5.1 billion and $1.8 trillion Wells Fargo saw a 5% year-over-year increase in tech spend to $902 million contributing to the bank’s 23% increase […]
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- Source: https://bankautomationnews.com/allposts/retail/earnings-roundup-tech-investments-inconsistent-amid-economic-uncertainty/
