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Submission + - JPMorgan Chase Spends $500 Million on a Data Center (datacenterknowledge.com)

1sockchuck writes: JPMorgan Chase spends $500 million to build a data center, according to CEO Jamie Dimon. That figure places the firm’s facilities among the most expensive in the industry, on a par with investments by Google and Microsoft in their largest data centers. Dimon discussed the firm's IT spending in an interview in which he asserts that huge data centers are among the advantages of ginormous banks. Dimon also offered a vigorous defense of the U.S. banking industry. " “Most bankers are decent, honorable people," Dimon says. "We’re wrapped up in all this crap right now. We made a mistake. We’re sorry. It doesn’t detract from all the good things we’ve done. I am not responsible for the financial crisis.”
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JPMorgan Chase Spends $500 Million on a Data Center

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