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A comment on UBS Acquires Wealthfront for $1.4B. Parent comment

Re:UBS Acquires Wealthfront for $1.4B by tennis_sort on Wednesday January 26, 2022 @12:57PM (#30089051)
JPM have just made a $12b investment to fix that: https://www.jpmorganchase.com/news-stories/tech-investment-c...

I'm aware that these investments often go south. I've seen HSBC's foray into "Fintech" and it was rough.

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Re:UBS Acquires Wealthfront for $1.4B by im_asl on Wednesday January 26, 2022 @01:25PM (#30089546)
That's their annual tech spend. Most of that goes to keeping the lights on. Not a lot of innovation.
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