Citigroup CEO Michael Corbat recently said his firm reached a turning point last year in which its $8 billion tech budget started to pay off.
Hello! Wall Street has reached an"inflection point." After years of spending big on tech, America's biggest banks are starting to see that investment pay off. Citigroup CEO Michael Corbat recently said his firm reached a turning point last year in which its $8 billion tech budget, part of which is used for streamlining its operations to"shrink the cost of running the bank," started to pay off in meaningful net savings.
Hello! Wall Street has reached an"inflection point." After years of spending big on tech, America's biggest banks are starting to see that investment pay off. Citigroup CEO Michael Corbat recently said his firm reached a turning point last year in which its $8 billion tech budget, part of which is used for streamlining its operations to"shrink the cost of running the bank," started to pay off in meaningful net savings.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street rallies on rate cut hopes, trade optimismWall Street's main indexes rose about 1% on Friday, as a sharp slowdown in ...
Read more »
Frackers Scrounge for Cash as Wall Street Closes DoorsThe companies behind the U.S. fracking boom are turning to asset sales, drilling partnerships and other alternative financing to supplement their cash flow.
Read more »
Beyond Meat top choice for Wall Street after bullish resultsShares of Beyond Meat Inc surged 27% on Friday after the vegan burger maker fore...
Read more »
Ferrari tops Canada practice after Hamilton hits wallCharles Leclerc posted the fastest time in practice for the Canadian Grand Prix ...
Read more »
Wall St. ends up sharply on rate cut hopes, trade optimismWall Street's major indexes charged higher on Friday, as sharply slowing U....
Read more »
L.A. Pride is expanding, and that means more major street closures this weekendL.A. Pride is expanding its footprint for a weekend of nonstop celebrations, and officials are warning residents to be prepared for more major street closures this weekend
Read more »