This morning’s American Banker reports on BankOne CEO Jamie Dimon’s speech to the NACHA Payments 2002 Conference yesterday. He was apparently quite outspoken about outsourcing just not working for BankOne:
Frankly it didn‚t work,‰ he said. „Bank One is taking back the management of its databases. We‚re taking back all our own programming. Our critical systems will be managed, produced, and maintained by Bank One folks and not by anybody else. We want to be in control of our own destiny.