Valley Bank cuts tech spend by 16% in Q1

Valley Bank is tightening spending but keeping an open mind toward investments that expand capabilities and deliver measurable gains. THE BIG PICTURE: The $62 billion bank today reported first-quarter noninterest expense of $276.6 million, down 0.7% quarter over quarter and 1.3% year over year. Valley attributed the drop in part to reductions in technology, furniture […]