PNC is planning to increase spending for its technology development program this year after reducing noninterest expenses through workforce cuts in the fourth quarter of 2022 in preparation for an economic downturn. WHY IT MATTERS: Personnel-related expenses were down 5% year over year to $1.9 billion in Q4 but were up 8% sequentially, driven […]
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- Source: https://bankautomationnews.com/allposts/retail/pnc-to-boost-tech-spend-after-staff-cuts/