TITLE

For Web Banks, Slower Biz But No Deposit Losses

AUTHOR(S)

Bach, Deborah

PUB. DATE

September 2001

SOURCE

American Banker;9/24/2001, Vol. 166 Issue 183, p16

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

Assesses the impact of the September 11, 2001, terrorist attacks in the United States on the Internet banking sector. Decline in banking transactions; Impact of mass media coverage of news related to the attacks on consumer behavior; Praise received by ING Direct from customers for creating a fund to help the children affected by the attacks; Reasons behind the decision of some customers to move their money from banking to brokerage accounts.

ACCESSION #

5204329

Tags: SEPTEMBER 11 Terrorist Attacks, 2001;  INTERNET banking;  TERRORISM -- Economic aspects

 

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