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by personZ 4192 days ago
http://www.businessinsider.com/bank-it-spending-2012-12

The banking system functions largely on the choice, application and integration of technology, and banking is more of a technology business than just about any other. And let's be fair here - Schwab is not a bank, and even among investment firms is an outlier with the noted bad practices.

2 comments

> banking is more of a technology business than just about any other.

They don't behave like Google or Facebook. Their DNA is not technical.

Yet they behave like Microsoft, or IBM, or HP. And those are unquestionably technology businesses.
How about the part of Schwab that's literally called "Charles Schwab Bank"?