The 85th CBI/PwC Financial Services Survey shows a picture of continuing recovery in sentiment and volumes of business, even if activity remains below normal levels. Most sub-sectors of the industry report encouraging topline performance, and some are allowing costs to rise. There are mixed views over employment levels and investment is declining, although many firms are spending on regulatory compliance. The medium-term outlook remains tinged with caution.

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Source: http://www.pwc.com/gx/en/financial-services/cbi-pwc-survey/december2010.jhtml