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Monday, November 23, 
6:23 am

Metavante dampens M&I's loan troubles

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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.

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Also on Dealscape

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

See press release via CNNmoney
See story from The Milwaukee Business Journal





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