BI Prime, UBS, IT spend, JPMorgan, Bank of America,

A new study shows JPMorgan and BofA are winning Wall Street’s technological arms race — and smaller firms may have no choice but to merge to keep up

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Getty/Mark Wilson Larger banks are increasingly investing more money in technology than smaller banks, according to a recent survey by UBS. The Swiss bank said the trend could lead smaller banks to merge in an effort to remain competitive, following in the footsteps of BB&T and SunTrust, which merged in February in a deal valued […]

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