Ken Lewis
Ken Lewis
bankruptcy benefit card change changes credit expect forward impact issue laws level performance practices quarter recent recur reduced results trading weak
The impact of the change in bankruptcy laws and changes in our practices for overdraft charge-offs and over-limit credit card fees reduced pretax results by about $320 million. In addition, we had a weak trading quarter that was well under our performance in recent quarters. The bankruptcy issue will not recur and should actually benefit us going forward as we expect a reduced level of bankruptcy filings under the new law.
best body decisions grow larger
I'm doing what I think is best for the larger body ... so they can grow and prosper. We don't take those decisions lightly.