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  1. 11-10-2009, 09:15 AM #1
    millere
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    Bailed-out JP Morgan Destroys American Jobs

    http://economictimes.indiatimes.com/Inf ... 242704.cms

    JPMorgan to up outsourcing to India by 25%

    9 Mar 2009, 1020 hrs IST, Pankaj Mishra, ET Bureau

    BANGALORE: The second-biggest bank of the US, JP Morgan Chase, which acquired Washington Mutual and Bear Stearns recently, will increase its outsourcing to India by 25% this year to nearly $400 million. It will also manage the integration of the acquired companies from India to bring down the cost of integrating different information technology (IT) systems.

    Right now, JP Morgan outsources $250-300 million worth of IT and back-office projects every year to Cognizant, TCS and Accenture, apart from to its own captive centre in Mumbai.

    “JP Morgan CIO Guy Chiarello said last week that he will increase outsourcing to India, and will drive several integration projects from there,â€
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  2. 11-10-2009, 11:13 AM #2
    Ratbstard
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    JP MORGAN, helping to shape the NWO.
    Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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