Enterprise IT
HSBC reported costs of $7.5 billion despite “continued cost discipline” in Q1 2023, which it attributed to “higher spend on technology” as it also revealed a $1.5 billion gain from its £1 Silicon Valley Bank acquisition. The bank's IT leaders are continuing to execute HSBC'
Fed says warns tech may have changed the pace of bank runs, points to "textbook" mismanagement
Profit warnings by UK-listed companies in the tech and telco sectors almost tripled in the first quarter. EY-Parthenon’s latest Profit Warnings report found 69% citing contract delays or cancellations as a cause of profit warnings, as CIOs continue to delay major spending decisions and consolidate vendor relationships. Since the