TITLE

Big Banks Exit IT Spending Slump, Small Ones Don't

AUTHOR(S)
Wolfe, Daniel
PUB. DATE
February 2010
SOURCE
American Banker;2/4/2010, Vol. 175 Issue 19, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on information technology spending by banks. Larger banks and bank holding companies increased spending on information technology in the fourth quarter of 2009, as they begin to emerge from the global financial crisis. Smaller community banks, which are coping with losses from commercial real estate loans, are reducing spending. The increased profits of banking technology firm Fiserv Inc. are discussed.
ACCESSION #
47929279

 

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