[NYTr] Leading US Banks Go Red

[All the News That Doesn't Fit]

Prensa Latina, Havana
http://www.plenglish.com

      Leading US Banks Go Red

      Washington, Oct 8 (Prensa Latina) US banks JP Morgan, Chase and
Bank of America will report losses for about three billion dollars for
mortgaged property and loans, said the British newspaper Financial
Times.

         That daily quotes the analyst of Sanford Bernstein, Howard
Mason, who believes that JP Morgan might report losses on loans for the
value of 1.4 billion dollars and another 700 million due to mortgages
and securities supported by them.

         Mason added that the Bank of America will also report losses
for 700 million dollars in the same chapter of losses and 300 million
due to mortgages.

         These forecasts precede the monthly report of both financial
institutions on the problems faced by the United States economy.

      ef rfc