Mergers and Year 2000 slow on-line banking

Article Abstract:

The banking industry's implementation of on-line banking services is being slowed by the large number of acquisitions and mergers it has been experiencing. The industry orignal anticipated that by the year 2000, approximately 15% of banking customers would be on line. That number is now expected to be reached two years later, with only about 6% of banking customers even offered the option of electronic banking during 1998. While the large number of mergers is slowing down the adoption of electronic banking, it is not wholly to blame. The year 2000 compliancy issue is also slowing the process, as each system must be reworked to become compliant. This process is slowed even more when mergers result in the integration of numerous systems.

Banking industry, Services, Forecasts and trends, Industry trend, Electronic banking, Online banking

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Latest lure on the Web: free trades

Article Abstract:

American Express Co. is promoting its online brokerage by offering commission-free stock trades to customers who deposit $25,000. Other brokerages offering promotions include DLJdirect, E*Trade Group and Ameritrade. American Express can afford to offer free trades because it makes money in other ways. Estimates find that it costs the most efficient brokerages $8 to conduct a stock trade ordered electronically. Costs for some firms run as high as $25 per trade. American Express promotes long-term investing, and does not want to attract extremely active traders. It has therefore built in various deterrents to discourage day traders.

Financial Services, Finance and Insurance, Security brokers and dealers, Securities Brokerage, Financial services industry, Stockbrokers, Marketing, Securities industry, American Express Co., AXP, E*TRADE Financial Corp., EGRP, Electronic trading (Securities), Online securities trading, DLJdirect Inc., Ameritrade Inc.

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Some Internet stock offerings are quiet except for all the shouting

Article Abstract:

Some Internet companies are choosing to violate the quiet period as they go public. Traditionally, companies selling stock in themselves have refrained from promoting their stock from the time they hire an underwriter until 25 days after the offering. Businesses such as Network Plus, Goto.com, Stamps.com and Digital Island all released information about partnerships and deals during their 'quiet periods' under the aegis of keeping investors informed. Though one analyst pointed out, much of these companies' energy goes towards promotion and building brand awareness, so keeping quiet is difficult.

Videotex & Teletext, Laws, regulations and rules, Public relations, Going public (Securities), Initial public offerings, Company public offering, Online information service

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