Bank One Posts Loss After Big Charge

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

Bank One Corp. (ONE.N) on Wednesday posted
a second-quarter net loss of $1.27 billion
after a long-awaited after-tax charge of
$1.91 billion, and slashed its dividend
as it tries to recover from credit-card
unit problems that have more than halved
its stock price in the past year.

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-- spider (spider0@usa.net), July 19, 2000


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