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Banks are the whipping posts of the online financial world.
Constantly chided for being Internet slow pokes, the banking world took another jab from Jupiter Communications. Bankers attending the conference shot back that banks are still the preferred choice when it comes to consolidating financial services. Trouble is, few consumers want one-stop financial shopping. Online users currently maintain separate relationships with financial institutions for banking, brokerage, investments and insurance. By comparison, more than 5 million users trade online.