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

ET 16.80

0.0%

Dec 5 9:30 AM EST

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To: Spytrdr who wrote (11896)	2/22/2000 12:32:00 AM
From: Stephen Denaro	of 13953

ETrade to Set Up Physical Deposit Locations, FT Reports By Michael Dixon New York, Feb. 21 (Bloomberg) -- ETrade Group Inc.'s online bank will set up physical locations this year for taking deposits without establishing to traditional storefront branches, the Financial Times reported, citing Mitchell Caplan, Telebanc Financial Corp.'s chief executive, whose Virginia-based online bank was taken over by ETrade last month. Following customer demand for deposit locations, ETrade is looking for a solution that is cheap and doesn't necessarily involve human presence. ``Kiosk' networks and automated teller machines are among the possibilities and alliances or an acquisition could be involved, the newspaper said. E*Trade's unrealized gains on its stakes in Internet companies more than doubled to $610 million in the Dec. 31 quarter, though it borrowed more than $100 million from banks in the period. (The Financial Times 2/21, page 26) For the Financial Times website enter FITM

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