Bank of America to spend $3.8B on tech initiatives in 2024

Bank of America expects to spend $3.8 billion on technology development in 2024 as its overall spending increases due to investment in people, incentive compensation and technology.  The $3.8 billion is part of the bank’s overall cost of running its technology platform, which totals around $12 billion, Chief Executive Brian Moynihan said Dec. 5 during […]