, Bank One Corp.'s new branchless bank, is expected to add up to $150 million to company expenses in the next 12 months, executives told analysts last week.

But revenue generated from new customers attracted to the on-line venture should offset those costs and add to earnings by July 2000, according to Bank One chief executive officer John B. McCoy.

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.