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Citi invests in tech modernization, data, CX

Bank added 8K tech employees in Q1

Whitney McDonaldbyWhitney McDonald
April 17, 2023
in Banking
Reading Time: 2 mins read
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Citi is investing in platform and process simplification, security and infrastructure modernization, client experience enhancements and data improvements. “We recognize these investments have driven a significant increase in expenses, but they are crucial to modernize the firm, address the consent orders and position Citi for success in the years to come,” Citi Chief Financial Officer […]

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NEW YORK, NEW YORK - SEPTEMBER 13: The Goldman Sachs logo is seen on at the New York Stock Exchange on September 13, 2022 in New York City. Goldman Sachs announced today a plan to cut several hundred jobs this month, making it the first Wall Street firm to take steps to cut down on expenses amid a drop in volume of deals after pausing layoffs for two years during the coronavirus (COVID-19) pandemic. (Photo by Michael M. Santiago/Getty Images)

Goldman Sachs tech spend jumps 10% YoY to $466M

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