US financial services firms will spend $36 bln on IT in 2005

Financial Insights finds that, after the relative IT spending slowdown of the past several years, technology investments are now beginning to show some signs of acceleration across the capital markets. Based on primary interviews with many of the largest US financial services firms and a survey of over 200 financial institutions, Financial Insights estimates that North American capital markets firms are planning to spend a total of $36 bln on technology in 2005 based on their current budgets and project plans.