Microsoft's Brad Anderson says that some large U.S. banks are facing mandates to cut IT spending by $1 billion to $2 billion.

Banks Pushed Toward Cloud Computing by Cost Pressures

U.S. banks have been hesitant to use public cloud services due to security and regulatory concerns, but shrinking profits and pressure to cut information technology spending could soon force them to change their thinking.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.