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Re: h_man_investor post# 315

Thursday, 12/29/2011 1:44:43 PM

Thursday, December 29, 2011 1:44:43 PM

Post# of 359
Aurora Bank as standalone still a possibility.

The strategy of building deposits through online banking has gained credibility in recent years, as a growing number of traditional lenders like Discover Financial Services Inc. and American Express Co. have expanded their own Internet efforts.

Customers are becoming increasingly comfortable with Internet-only accounts, and many online banks now offer rates that are little better than their brick-and-mortar competitors.

Internet bank accounts "are a good way to get into the deposits business in a straightforward way," said Michael Poulos, head of the North American financial-services practice at consulting firm Oliver Wyman.


http://online.wsj.com/article/SB10001424052970203479104577124322607239922.html

All one has to do is pay attention to the all those Ally commercials.

If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.

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