February 15, 2013 – Capital spending is due to increase among banks this year, and IT will be the number-one recipient of the new cash, according to a recent survey conducted by American Banker Research.

Among the 300 bank executives polled in December, 33% expected to increase capital spending in 2013, 17% expected to decrease spending, and 50% expected spending to stay the same. This is positive, but somewhat to be expected; the economy is gradually turning around, the elections are over, a bit of optimism is returning to this country.

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