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source a survey of online finance the economist may

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Unformatted text preview: agreed to by Telebank, a telephone and Internet bank, and is now offering a current account on which it pays interest, bill payment, and (within limits) free ATM use . . . Of course, many of the factors that have encouraged online trading will continue to apply even in a falling market: Most obviously, that it offers significant cost savings over traditional trading methods . . . Source: “A Survey of Online Finance,” The Economist, May 20, 2000, p. 9. © 2000 The Economist Newspaper Group, Inc. Reprinted with permission. Further reproduction prohibited. as well as one U.S. financial institution (American Express Bank). Interestingly, although in 2000 Japanese banks occupied 2 of the top 10 places of banks in the world in terms of asset size (see Table 1–5), they are absent from the list of banks with the most active international operations. Indeed, domestic problems, including a record number of bad loans (especially in real estate), and a recession, has induced Japanese banks to c...
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