Citi to spend $11B on tech in 2022

Citi plans to spend $11 billion on technology this year, an 11% year-over-year increase. “This year, we’ve budgeted approximately $11 billion, which is a 30% increase compared to 2020,” Stuart Riley, head of Institutional Client Group (ICG) technology and operations, said recently during Citi Investors Day 2022, which was referenced during the bank’s first-quarter earnings […]