Statistics Script

Search This Blog

Thursday, June 23, 2011

Online banking booming

In response, many unhappy bank customers are turning to Internet-only banks, many of which call themselves "direct" banks. ING DIRECT, for example, launched in the United States in 2000 and now has more than 7 million account holders, with deposits growing from $31.9 billion in 2005 to $81.6 billion in 2011. (Though the bank's U.S. operations have been a success, its Dutch parent bank was ordered to sell it off as a condition of receiving government aid during the financial crisis. Final negotiations are under way.)

By Minda Zetlin
updated 6/22/2011 8:18:49 AM ET

No comments: