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US banks ramp up spending on talent and technology Imani Moise and Joshua Franklin Jul 18, 2021 – 1.30pm Share New York | Costs at the top US banks jumped more than $US6.6 billion ($8.9 billion), or 10 per cent, in the most recent quarter compared with the same period of last year as executives paid up for talent and technology to fortify their businesses against increasing competition from nearly every angle. The increase in spending at JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup surprised analysts. Many had predicted that banks’ expenses would fall modestly this year as the extra costs associated with doing business during the pandemic faded away.

United statesJan bellensVivian merkerMark masonMike mayoOliver wymanJamie dimonMorgan stanleyWells fargoஒன்றுபட்டது மாநிலங்களில்விவியன் மேற்கேற்குறி கொத்தனார்மைக் மயோஆலிவர் வைமன்மோர்கன் ஸ்டான்லிசிட்டி குழுமம்