Banks are in an ideal position to deliver consolidated financial services over the Internet, but to be fully effective they must collaborate with other service providers, Banc One Corp.'s top retail executive said.

Kenneth T. Stevens, chairman and chief executive officer of Bank One Retail Group, was speaking last week at a conference in San Francisco, where he vigorously argued against predictions that discount brokers would have more power in on-line markets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.