Like most banks, Marshall & Ilsley Corp. expects larger write-offs of up to $195 million and loan loss provision of up to $235 million in the fourth quarter thanks in part to the mortgage mess.
However, it wasn't all gloom and doom for Wisconsin's largest bank. When the Milwaukee bank provided fourth-quarter guidance, it also said it would record a $526 million gain from last month's spinoff of Metavante Technologies Inc. — Matthew Wurtzel