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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI) -- Ignore unavailable to you. Want to Upgrade?

To: sandbag who wrote (201)	12/12/1998 10:08:00 AM
From: BDR	Read Replies (1) \| Respond to of 268

americanbanker.com J.P. Morgan's Troubles Cast A Shadow on Bankers Trust Excerpts: Bankers Trust, which has agreed to be bought by German bank Deutsche Bank AG, is the likeliest to give warning, analysts said. The banking company said it was taking a sizable restructuring charge to reduce annual operating expenses by $300 million, Ms. Goodman said. "The question is: With Deutsche's offer on the table, will that hinder them from making that announcement?" Ms. Goodman said. Analysts said Chase Manhattan Corp. is the least likely to issue a pre-announcement warning, because its earnings took less of a beating in the third quarter than other money-centers and its earnings are less likely to take a beating in the fourth. Some analysts said Citigroup, which owns Salomon Smith Barney's big trading operation, might be next to disclose problems. Others said BankAmerica Corp., which has taken writeoffs as a result of its relationship with the hedge fund D.E. Shaw, is likely to have continued writeoffs.