Banking
Truist tech expenses jump to $237M | Bank Automation News
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Truist Financial invested heavily in technology and related professional services in the second quarter of 2023 as rising expenses overshadowed income growth. Truist’s software expense rose 10.7% quarter over quarter to $237 million from $214 million, according to the bank’s earnings supplement. This hike was accompanied by a 12.7% QoQ growth in professional fees and outside […]
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Victor Swezey
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