Wall Street's Binge Leads to Integration Hangover
Although IT spending has been on a downward trend since the credit crunch hit the industry more than a year ago, last week's bombshell events and subsequent developments will place more pressure on already squeezed coffers.
Technology spending across the capital markets industry is expected to decline between 14 and 16 percent from 2008 to 2009, according to a report published last week by industry research firm TowerGroup. Lehman Brother's bankruptcy and the acquisitions of Merrill Lynch and
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