| | Business Summary | | FleetBoston
Financial
Corporation
is
a
diversified
financial
services
company.
The
Company,
through
its
subsidiaries,
offers
a
comprehensive
array
of
financial
solutions
to
customers
primarily
in
the
United
States
and
Latin
America.
Its
key
businesses
include
consumer
and
small
business
banking;
commercial
banking,
including
middle-market
lending,
asset-based
lending,
leasing,
cash
management,
trade
finance
and
government
banking;
international
banking;
corporate
banking;
principal
investing;
investment
banking;
securities
brokerage,
market-making
and
clearing
services;
investment
services,
including
asset
management,
mutual
funds
and
retirement
planning;
credit
card
services;
commercial
real
estate
lending;
mortgage
banking,
and
student
loan
and
other
processing.
The
Company
was
formed
by
the
merger
of
Summit
Bancorp
and
FleetBoston
in
March
2001. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | FleetBoston
Financial
provides
a
broad
range
of
financial
services,
ranging
from
consumer
banking
to
treasury
services.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
8%
to
$7.48
billion.
Net
interest
income
after
loan
loss
prov.
fell
7%
to
$3.19
billion.
Net
income
applicable
to
Common
fell
68%
to
$655
million.
Results
reflect
the
divestiture
of
low-cost
deposits
and
loans
and
$428
million
merger
and
restructuring
charges. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Terrence Murray, 61
Chairman,
CEO | $6.6M | -- | Charles Gifford, 58
Pres,
COO, Director | 5.9M | $3.2M | Eugene McQuade, 52
Vice
Chairman, CFO | -- | -- | H. Jay Sarles, 55
Vice
Chairman, CAO | 4.2M | -- | Paul Hogan, 55
Vice
Chairmanand CRO | -- | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/f/fbf.gif)