The financial institution is depending extra on cloud
computing, which is storing and processing records via a shared, centralized
system presented by using huge tech firms.
using “the cloud” has a tendency to be cheaper and extra
efficient for companies than buying and keeping their very own servers. but it
takes time to transition, and for expenses related to vintage generation to
vanish away.
as it stands, Morgan Stanley has few different alternatives
than to recognition on charges, analysts say.
"As marketplace pastime improves, a number of the
price-slicing questions at Morgan will probable depart," said Brian
Kleinhanzl, a banking analyst with KBW. "but as of now, it’s the most
effective lever that banks can really pull on this sort of environment."
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