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Non-Tech : BANK ONE

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To: Esway who wrote (368)3/22/2000 7:43:00 AM
From: Rob C.  Read Replies (1) of 466
 
Today we will break 30....

NEW YORK, March 22 (Reuters) - Bank One Corp. <ONE.N> has
hired Morgan Stanley Dean Witter & Co. to advise it in the
possible sale of WingspanBank.com less than a year after it
launched the Internet-only banking unit, the Wall Street Journal
reported on Wednesday in its online edition.
Officials from WingspanBank.com and Morgan Stanley declined
to comment for the Journal story.
Bank One is exploring a sale of the unit as it scales back
operations after a drop in its stock price when it said it would
miss earnings estimates for the year.
The shortfall was blamed largely on problems at Bank One's
First USA credit-card unit, which was closely associated with
WingspanBank.com.

REUTERS
Rtr 06:10 03-22-00
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