Financial Services Execs Split on When to Expect Recovery

Will global financial services companies see a return to growth this year? By the second quarter of 2010? Or even later?

Industry executives are about evenly split on the question, with around a third expecting some expansion this year, 34 percent seeing a return to growth in the first six months of 2010, and 32 percent expecting it even later than that. The 125 C-level executives were polled by Ernst & Young last month.

One thing they did agree on was a need to increase the amount of time they spend on securing the future of their business—more than two thirds signaled an intention to do just that.

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