Q3 earnings roundup: Tech spend jumps, headcount falls

https://bankautomationnews.com/allposts/retail/q3-earnings-roundup-tech-spend-jumps-headcount-falls/
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Major U.S. banks invested in AI and automation while pulling back on headcount as cost reductions remained a priority during the third quarter. Bank of America, BNY Mellon, Citibank, Citizens Bank, Fifth Third, and JPMorgan Chase, all reported higher tech spend year over year.  The $1.9 trillion BNY Mellon, for one, invested in automation and […]

https://bankautomationnews.com/allposts/retail/q3-earnings-roundup-tech-spend-jumps-headcount-falls/