Tech expenses up 22% YoY at RBC

Tech expenses up 22% YoY at RBC

Source Node: 1987080

Royal Bank of Canada’s (RBC) discretionary and tech-related expenses jumped 22% year over year to $190 million during the first quarter as the bank focused on improving its technology and infrastructure “in support of business growth and product innovation,” according to its earnings presentation Wednesday.  WHY IT MATTERS: The $1.4 trillion bank is upgrading its […]

Time Stamp:

More from Bankinnovation