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The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
What might have once seemed like technological problems tangential to a bank's core operations have since become a key to their business, especially as bank spending on tech has only grown in recent years. In 2019, for example, Business Insider reported that JPMorgan Chase spent more than $11 billion on tech, while Bank of America spent more than $10 billion. "All of these things that were thought as somebody else's problem become part of the business proper, as opposed to some back-office concept that you don't have to deal with every day," Wiesel said. "Now, every part of the bank has to ...