Insiders Ask Tough Questions Of JP Morgan's Outsource Plan
MANAGEMENT AND STRATEGY
JP Morgan's decision to outsource a massive chunk of its global technology infrastructure to a consortium of technology firms is supposed to save the bank $346 million over the course of the next seven years, expose it to new technological expertise and free up the firm's own developers to build more sophisticated applications for individual business units, including trading desks. But even if these benefits are achieved, some insiders fear they may ultimately be outweighed by an increase in
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