Operational Errors Boost Bank One's $100 Million Charge


CHICAGO -- Bank One, the US's fourth largest bank, made a $100 million charge against operational errors and miscellaneous items when in mid-January it reported a $512 million net loss for fourth-quarter 2000.

A Bank One spokesman said the operational errors related to "small items in a number of areas", which were put into the charge as part of a balance sheet clean-up. He declined to give further details.

Bank One's fourth-quarter loss compares against net income of $411 million in the 1999

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here