Wells Fargo ups tech spend 19% YoY

https://bankautomationnews.com/allposts/retail/wells-fargo-ups-tech-spend-19-yoy/
https://bankautomationnews.com/wp-content/uploads/2021/02/363244652-scaled.jpg?#

Wells Fargo focused on tech spend in the second quarter as headcount continued to shrink amid a push to reduce expenses. The $1.9 trillion bank’s tech spend rose 19% year over year to $947 million, and headcount dropped 4% YoY to 233,834, according to the bank’s earnings supplement.  “I think our focus on expenses really […]

https://bankautomationnews.com/allposts/retail/wells-fargo-ups-tech-spend-19-yoy/