Ask John F. Grundhofer what keeps him awake at night,
"The pace of development of the Internet and how it can be used in a
The banking company will soon offer Internet trading services to its
Private banking and trust clients will be able to trade on-line through
The service will be extended in the fourth quarter to clients of the
Mr. Grundhofer said the Internet trading initiative has been in the
But the plan has a new urgency as a result of Merrill Lynch & Co.'s
"Merrill and others have set the stage," he said. "When the leader steps
But even as customers want the ability to make their own trades on-line,
Figuring out how to offer both will be a balancing act for financial
"A more consultative approach on the retail side is the direction we're
Rethinking the role of brokers in the securities business could yield
Mr. Grundhofer said U.S. Bancorp is well positioned technologically to
"We're kind of excited because we have common systems in all 17 of our
"It's hard to be an Internet provider if you don't have that."