Technology spend up 5% at State Street
Boston bank says T+1 settlement won’t sideline major players
State Street Bank spent $423 million on technology and communications in the first quarter, up 5% year over year but down 3% from the Q4 2021 as the Boston-based bank continues to focus on tech infrastructure. “Information systems and communication expenses were up 5% due to continued investment in our technology infrastructure resiliency,” Chief Financial […]
