Banking companies interested in getting in on the technology boom have been using their venture capital units to invest in Internet-related firms.

In the first half of 1999 banks invested $79 million in Internet-related companies. Six years ago they invested $750,000.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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