Scrutinizing IT Budgets
COVER STORY
As financial services firms continue to rack up losses from the credit crisis brought on by the US sub-prime mortgage market meltdown-which reports say could end up totaling as much as $400 billion worldwide-the prospect of further layoffs and cost cutting across the industry seem likely. However, initial reports from the technology front lines seem to indicate that 2008 IT budgets and priorities for the most part will stay on course, although growth will be curbed.
Financial services firms
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