Capital One reported higher technology-related expenses for the fourth quarter despite reducing its tech workforce as the company “continues to invest in its retail banking business,” Chief Executive Richard Fairbank said during Tuesday’s Q4 earnings call. WHY IT MATTERS: The $455 billion bank reported a 9% year-over-year increase in total non-interest expenses to $5 billion […]
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- Source: https://bankautomationnews.com/allposts/retail/capital-one-invests-in-tech-amid-january-layoffs/
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