JPMorgan Chase tech spend falls 7% YoY to $2.1B

JPMorgan Chase decreased technology, communications, and equipment expenses year over year during the first quarter of 2023, but an increase in headcount and wage inflation saw noninterest expenses increase YoY.  WHY IT MATTERS: The $3.7 trillion bank’s tech spending fell for the second straight quarter to $2.1 billion, a 7% YoY decrease, according to the […]

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• Source: https://bankautomationnews.com/allposts/retail/jpmorgan-chase-tech-spend-falls-7-yoy-to-2-1b/