Europe Yanks IT Purse Strings
CASE STUDY
Even leading banks are reducing their IT spending. The ranking of banks by IT spending has not dramatically changed this year, reflecting the overall reduction in spending. We expect HSBC to be number one in terms of investment in technology; their investment should total €3.05 billion ($3.63 billion) this year.
European banks are not only reducing their IT budgets to reduce their operating costs. Cost reduction is also the main benefit they expect from IT projects. When asked about the main
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