Despite rising costs and worsening business sentiment,
financial services organisations are still investing in technology,
according to CBI and PricewaterhouseCoopers.
The survey showed that the two-year growth in financial services
stopped with a decline recorded as a result of the credit crisis
last year.
The report blamed the past three months for the decline as
business volumes falling at their fastest rate since March
1991.
"Yet despite all this, several sectors of the industry managed
to increase their profitability over the past three months, and are
still hiring and planning to invest more, particularly in IT," said
the report.
