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Non-Tech : E*Trade (NYSE:ET)

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To: Spytrdr who wrote (11862)	2/19/2000 7:40:00 PM
From: BWAC	Read Replies (2) of 13953

Now why is it that everybody wants an online bank? Saturday February 19, 6:27 pm Eastern Time Goldman Sachs plans European online bank - paper LONDON, Feb 19 (Reuters) - U.S. investment bank Goldman Sachs (NYSE:GS - news) is in talks with Californian internet incubator fund Idealab over launching a Europe-wide online bank, The Sunday Times reported. The newspaper said the two firms estimate the venture will need millions of pounds to get started but believe the market is still wide open and attractive to investors. Goldman and Idealab paired up last month to invest $23 million for a one-third stake in PayPal.com -- a private firm that provides electronic cash payments through e-mails. biz.yahoo.com

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