institutions are expected to stunt their investments in technology, according to a new survey.

Technology spending spiked 16% last year over 1997, according to Ernst & Young LLP's eighth annual survey on technology in financial services, released this week. The 1997 level was an 11% increase over 1996, which in turn had enjoyed a 10% uptick from 1995.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.