Jamie Dimon: JPMorgan spent nearly $10 billion on tech last year

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JPMorgan CEO Jamie Dimon said the bank spent $9.5 billion on technology in 2016 and has plans this year to introduce products for digital banking, online investment advice and electronic trading.

In his annual letter to shareholders on Tuesday, Dimon said the bank is also "collaborating with some excellent fintech companies to dramatically improve our digital and other customer offerings."