Bank One Cites Strong Risk Control As Key Factor Behind Q3 Profits

MANAGEMENT & OPERATIONS

CHICAGO--Bank One Corporation's $1.05 billion profit for the third quarter of this year proves the strength of its risk management operations, says Verne Istock, chairman of the board of Bank One. The $1.05 billion figure represents the combined profits of Bank One and First Chicago NBD, which officially merged to form Bank One Corporation on October 2.Istock says Bank One's third quarter profits demonstrate the bank's "disciplined risk management and a focus on improving operating efficienc