Q2 earnings roundup: Tech spend up as hiring slows among FIs
Financial institutions looked to automation in the second quarter to reduce costs and create more efficient operations. The $3.2 trillion Bank of America, for one, saw its Q2 noninterest expenses increase by 5% year over year to $16 billion. U.S. Bank, Goldman Sachs and Wells Fargo increased their tech spends while BNY Mellon grew its […]
