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To: TLindt who wrote (5547)5/19/1999 9:03:00 AM
From: jjs_ynot  Read Replies (1) | Respond to of 20297
 
This is going to force a change in mindset for bank executives.

In the banking industry, the junior executive who is seen as taking the least risk (putting the bank in the position of least potential liability) is usually promoted. That paradigm will have to change as well.

Early attempts at a new channel tend to be frought with risk and false starts with incomplete information. Can traditional banking executives make the necessary moves fast enough to be competitive in this new arena???



To: TLindt who wrote (5547)5/25/1999 8:22:00 AM
From: TLindt  Read Replies (1) | Respond to of 20297
 
CNBC is all over First Union this morning...lowering earnings estimates, because they are investing 500 Million in the Internet Banking Channel, see 1999 as a year of transition, doing away with Mergers as a way to grow. Hopes to have 5 Million on line Banking Customers by 2001.

Man....it's about damm time. For a while there I was really miffed at all these Jumbo Banks being Brain Dead. I've been beating on them all for a year and a half.

biz.yahoo.com


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