Bank of America is putting the finishing touches on a 7-year cloud journey its CTO says has saved the bank billions and improved customer interactions

Howard Boville, Bank of America's chief technology officer, said 75% of the bank's workloads currently sit on its private cloud.

June 05, 2019   |   View Online »

Bank of America is putting the finishing touches on a 7-year cloud journey its CTO says has saved the bank billions and improved customer interactions Dan DeFrancesco | Howard Boville, Bank of America's chief technology officer, said 75% of the bank's workloads currently sit on its private cloud. Read More »

Billionaire investor Stanley Druckenmiller says there should be only '200 or 300' hedge funds, not thousands — and he expects a culling of the herd Bradley Saacks | The billionaire former hedge fund manager Stanley Druckenmiller told an audience Monday night that the hedge fund industry would continue to shrink. Read More »

PayPal's CFO explains what sets it apart from competitors like Stripe when it comes to dealmaking and details the 2 areas the giant payments processor is focused on Dan DeFrancesco | John Rainey, PayPal's chief financial officer, explained the types of acquisitions and partnerships he's most interested in making. Read More »

Meet the power players at the SoftBank Vision Fund, who are writing checks for billions of dollars and upending the technology business Callum Burroughs,Megan Hernbroth,Charlie Wood | SoftBank's Vision Fund is the world's largest tech investor and has backed companies like Uber, WeWork, and Ola. Read More »

Stock-market trends that have slid under the radar are confirming a recession signal that's been 100% accurate for the past 50 years Akin Oyedele | Morgan Stanley Wealth Management warns that investors are failing to connect the dots between these trends and the yield curve's recession signal. Read More »

68% of US CEOs think their companies will go bankrupt if they move too slowly. Here's what they see as the biggest opportunities and risks for growth. Shana Lebowitz | Technology and innovation may be a threat to organizations' growth if the companies can't keep pace, CEOs say in a new survey by KPMG. Read More »

Satellite TV giants DirecTV and Dish could lose more than 1 million subscribers in total next quarter as the sector slumps Ashley Rodriguez | A June report by Credit Suisse shows that cord-cutting has been picking up steam at satellite-TV companies DirecTV and Dish. Read More »

CVS Health just revealed plans to dramatically expand its strategy to upend how Americans get healthcare as it takes on Amazon Lydia Ramsey | By the end of 2021, CVS plans to turn 1,500 pharmacies into HealthHubs, designed to provide a wide array of healthcare services. Read More »

The new CEO of $3.9 billion Snowflake dismisses the idea that he was brought in to hurry an IPO as 'the dumbest thing I've ever heard,' and says it could go public within 3 years Benjamin Pimentel | Snowflake CEO Frank Slootman denied that Bob Muglia left because he was neutral on the idea of an IPO soon. Read More »

This former Amazon engineer explains why he left to become the new CEO of IonQ, a quantum computing startup that he believes can 'change the world' Rosalie Chan | Former Amazon Prime engineering director Peter Chapman explains why he left to become the CEO of quantum computing startup IonQ. Read More »

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