JPMorgan said last week that it plans to significantly scale its technology investment and spending initiatives in 2022.
The revelations came during a fourth-quarter earnings call on January 14, during which JPM executives including chairman and CEO Jamie Dimon staked out the importance of such spending, including on talent acquisition and what he called"change the bank" spend.
JPMorgan will boost the roughly $12 billion it spent on technology last year by as much asAccording to the FT, tech-focused spending will hit $12 billion in 2022. As for what's fueling the spending push, Dimon appeared to cite competition, including challengers from the fintech space.."And sometimes you guys spend a few bucks."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus infections inside U.S. immigration detention centers surge by 520% in 2022Over 37% of immigrants in Immigration and Customs Enforcement (ICE) custody have declined vaccination, according to data obtained by CBS News.
Read more »
From Fintech’s Top Founders To Wall Street’s Best Dealmakers: 30 Under 30 Finance 2022Listmakers of the 30 Under 30 in Finance 2022 are entrepreneurs from fast-growing fintech and crypto startups and rising stars at Wall Street’s top firms.
Read more »
Supplements You Should Give Up in 2022, Say Dietitians — Eat This Not ThatThere are many supplements that aren't as beneficial as you might think. Here are four supplements you should consider tossing in 2022.
Read more »
Sherwin-Williams says raw material costs stunted 2021 sales, expects momentum in 2022The paint and coating manufacturer Sherwin-Williams released preliminary yearly results and fourth quarter results Friday.
Read more »
Earthquake, Magnitude 4.4 - AZERBAIJAN - 2022 January 16, 03:25:06 UTCMagnitude: mb 4.4, Region: AZERBAIJAN, Date time: 2022-01-16 03:25:06.5 UTC, Location: 39.18 N ; 46.59 E, Depth: 2 km.
Read more »
Nike-Owned NFT Studio to Release Self-Updating Clones in 2022: DetailsRTFKT, a top-notch NFT studio, made headlines by its M&A deal with iconic sportswear manufacturer Nike. Here's what they have prepared for 2022
Read more »