Marshall & Ilsley (Nasdaq: MRIS) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Marshall & Ilsley (Nasdaq: MRIS)

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

To: Doug (Htfd,CT) who wrote ()	5/3/1999 7:45:00 AM
From: Doug (Htfd,CT)	Read Replies (1) of 11

MRIS to have share of U.S. Net subsidiary of Bank of Scotland According to a May 2 Reuters story from London, Bank of Scotland (BSCT.L) and Pat Robertson, the television evangelist, will list a direct banking venture as an Internet bank on the NASDAQ exchange. Bank of Scotland and the Christian Broadcasting Network earlier said they would set up a U.S. direct banking operation offering banking services through the telephone and Internet only. Bank of Scotland already has a similar banking partnership with UK retailer J. Sainsbury Plc. The bank would be a subsidiary of Bank of Scotland, with Robertson owning a minority stake, the bank reported last month, according to the story. Robertson reports that he reserved the name "Bank Direct USA." It would be owned 60 percent by the Bank of Scotland, Robertson would have 25 percent "and the Milwaukee-based Marshall & Ilsley (MRIS - news) would handle the bank's back-office processing and own the remaining 15 percent." According to the PR, partners would put up $50 million in capital, sufficient to support $300 million in deposits. Robertson said that the bank aimed to reach $3 billion in deposits in three years. Source: biz.yahoo.com Doug (long MRIS)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext