Credit crunch eats away at Scottish confidence
Rosemary Stark, Vice President, Financial Services, Capgemini talks to Financial Adviser with Owen Kelly, CEO of Scottish Financial Enterprise on how Scotland are dealing with the credit crunch.
16 April 2008
Publication
A joint study released by Capgemini and the Scottish Financial Enterprise has revealed that confidence in the Scottish financial services industry has slumped.
The survey reveals that about a third of firms expect to report a drop in business
in 2008 and around one in seven companies are set to axe jobs in a bid to cut
costs as a direct result of the turmoil in the financial markets. Rosemary states
that “current market conditions are clearly very challenging for the industry.”
To read the rest of the article at Financial Adviser, click here.
Further coverage of Capgemini Financial Services in the news:
- The Scotsman reports on how confidence falls in financial services, based on a survey by Capgemini and the Scottish Financial Enterprise.
- Paul Pullinger speaks to Computer Weekly on how banks consider off-the-shelf software to remain competitive.
- Director of Finance reports on the recent Capgemini Core Banking Systems survey 2008 finds that banks rely on IT from 1960s.
- Bertrand Lavayssiè speaks to Banking Technology on how retail banks may lose 36% by 2010.
- Computing reports on Capgemini being part of a consortium of partners selected to help upgrade Nationwide’s IT infrastructure.
