Here's a breakdown of how much US banks are spending on technology

United States News News

Here's a breakdown of how much US banks are spending on technology
United States Latest News,United States Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

According to a recent UBS report, JPMorgan and Bank of America are the biggest investors in tech.

A recent report by UBS on bank's IT budgets outlined how much US banks are spending on technology.

JPMorgan and Bank of America were the two highest spenders, investing $11.4 billion and $10 billion, respectively.Big banks love to boast about their focus on innovation and installing cutting-edge technology. But how much is Wall Street really spending on IT?offered a breakdown of the investments large cap banks are putting towards their tech. The Swiss bank used a combination of conference transcripts, FactSet data and the banks own internal information to compile the chart.

It should come as no surprise that the biggest players in the space — JPMorgan, Bank of America, Citigroup and Wells Fargo — maintain the largest budgets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Taraji P. Henson wants Joe Biden to run for president: ‘Save us, save us, save us!’Taraji P. Henson wants Joe Biden to run for president: ‘Save us, save us, save us!’The 'Best of Enemies' actress also said she 'trusts' Bernie Sanders as a candidate because of his historic involvement in civil rights activism.
Read more »

Best — and worst — U.S. airports for business travelers, according to new rankingBest — and worst — U.S. airports for business travelers, according to new rankingThe ranking was based on flight delays and cancellations, airport lounges with Wi-Fi, proximity to downtown, parking rates and average hotel rates.
Read more »

Get Out! Jordan Peele's 'Us' shatters records with $70.3MGet Out! Jordan Peele's 'Us' shatters records with $70.3M
Read more »

2 US service members killed in Afghanistan2 US service members killed in Afghanistan
Read more »

Home | TheDream.US - TheDream.UsHome | TheDream.US - TheDream.Us
Read more »

17 Questions We Still Have For 'Us'17 Questions We Still Have For 'Us'How come Jason was (seemingly) able to control his doppelgänger?
Read more »

Mnuchin says U.S. eyes productive trade meetings in ChinaMnuchin says U.S. eyes productive trade meetings in ChinaU.S. Treasury Secretary Steven Mnuchin said on Thursday he and U.S. Trade Repres...
Read more »

Opinion | Mueller Braced a Nation Under PressureOpinion | Mueller Braced a Nation Under PressureOpinion: Mueller’s character and the strength of U.S legal institutions helped us endure the Russia test, writes BillGalston
Read more »

U.S. airlines sending teams to review Boeing 737 MAX upgrade this weekendU.S. airlines sending teams to review Boeing 737 MAX upgrade this weekendThe three U.S. airlines that own Boeing Co's 737 MAX are meeting the U.S. m...
Read more »



Render Time: 2025-02-24 12:14:58