Market turmoil is expected to result in IT budgets in the financial services industry taking a hammering. But many of those under the cosh will face additional pressures, as a result of some shotgun mergers.

Market research company TowerGroup is already predicting a fall in technology spending by the financial services industry, as firms move to save costs and readjust for lower demand.

Click here to read the full story: City in pressing need of skilled IT matchmakers