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BASF Issues Over $1 Billion in Commercial Paper in Six Weeks (May 2002)
BASF Aktiengesellschaft started using an electronic trade platform in the beginning of February 2002 to issue commercial paper via the Internet. BASF issued over $1 billion of commercial paper via the U.S. Internet marketplace cpmarket.com during the first six weeks of operation.
Banks Face Internet Challenge Head On
The Ninth Annual Survey of Community Bank Executives by Grant Thornton found that new sources of revenue will be key to future banking success, including planned expansion in electronic bill payment, insurance, and online loans. Nine-out-of-ten (86%) community bank executives said that developing new sources of revenue is important to their bankâs continued success.