Q3 earnings roundup: Tech spend up, headcount down

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Main U.S. banks invested in AI and automation whereas pulling again on headcount as value reductions remained a precedence through the third quarter. Financial institution of America, BNY Mellon, Citibank, Residents Financial institution, Fifth Third, and JPMorgan Chase, all reported larger tech spend yr over yr.  The $1.9 trillion BNY Mellon, for one, invested in automation and […]

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