PNC Financial plans to spend $425 million this year on its ongoing improvement plan, which funds business and technology investments.  ...

Investment banking behemoth Goldman Sachs ramped up technology investment while pulling back on retail banking operations during the fourth quarter.  ...

JPMorgan Chase increased technology spend during the fourth quarter of 2023 as all lines of business across the bank invested ...

Citigroup’s restructuring efforts, investment in technology and reduction of overhead costs will result in a loss of 20,000 jobs, or ...

Implementation of AI could reduce turnover at Bank of America, Chief Executive Brian Moynihan said during today’s fourth-quarter earnings call.  ...

Wells Fargo clients are migrating to lower-cost channels, resulting in reduced call volume and teller transactions for the bank.   ...

BNY Mellon’s technology spend accounted for nearly 30% of noninterest expenses in 2023 as the bank embraced new technology during ...

Longtime Ally Financial leader Doug Timmerman today was named the lender’s interim chief executive, succeeding Jeffrey Brown.   Brown, who announced his plans to step down ...

The financial services industry is investing in AI and generative AI as uses for both technologies expand.   Ninety-seven percent of ...

Grasshopper Bank is working with account origination solution provider Mantl to make credit more easily available to the bank’s small ...