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Financial firms might be cutting back departmental spending and laying off workers, but they’re still spending on IT, according to The Wall Street Journal, which reported on a new information technology spending survey of 200 IT execs.

The survey, which was done by IBM in partnership with the Securities Industry and Financial Markets Association, found that 21% of the bank and brokerage executives surveyed said they planned to boost spending on hardware, software and services by 10% this year and 18% of those polled said they would pump up IT spending even more.

And spending will continue.

The surveyed revealed that financial firms planned to increase IT spending into next year, with 41% of the respondents saying budgets would increase in 2009.

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