Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (86501)	3/27/2001 6:13:18 PM
From: pater tenebrarum	Respond to of 436258

well, be happy that you have such exalted customers at the other side of your trade...should make it all the more satisfying.

To: yard_man who wrote (86501)	3/27/2001 7:09:12 PM
From: patron_anejo_por_favor	Read Replies (5) \| Respond to of 436258

Bank One warns of a spike in bad loans (at long last!): thestreet.com Bank One (ONE:NYSE - news) sounded the alarm on bad loans yet again, warning of sharply rising credit losses in coming quarters. In its annual regulatory filing, made Tuesday, the Chicago-based bank said it expects commercial credit losses for the next several quarters "will at least double" the typical level of recent years, which has been around 0.40% of loans. "The main part of the 10-K is that they expect credit quality to get worse for several quarters," says Mike Mayo, banks analyst at Prudential. "A lot of people have expected they would get bad for two more quarters in the industry and then it would plateau. Well, here's one major bank saying several quarters," says Mayo. (He rates Bank One a sell.) Bank One chalked up the expectation of higher losses to a continuation of trends from 2000 and the outlook for a weaker economy in the current year. Indeed, 2000 was a decidedly rough year for the bank operationally, though the optimism that surrounded the hiring of former Citigroup (C:NYSE - news) executive Jamie Dimon as CEO drove the stock 15% higher.