Citigroup, Michael Corbat, Technology, BI Prime, C

Citigroup spends $8 billion a year on tech, and it’s finally starting to see a hefty pile of savings from the massive investments (C)

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John Parra/Getty Images for AYS Banks are spending billions to upgrade their technology platforms. Citigroup CEO Michael Corbat said his firm is starting to see its $8 billion annual tech budget pay off with significant cost savings. The bank reached an inflection point in 2018 and Corbat expects tech spending to result in as much […]

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