ORLANDO - The top banking executive at E-Trade Group Inc. issued a dire warning to bankers at an automated teller machine conference here Thursday.

Mitchell H. Caplan, chief banking officer of E-Trade Group and chairman, president, and chief executive officer of E-Trade Bank, said his company, which is primarily a brokerage, aims to use its Internet service and its network of 9,600 ATMs to take as much business as possible from traditional commercial banks.

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