| Financial Summary | | First
Union
provides
a
range
of
commercial
and
retail
banking
and
trust
services
in
both
the
U.S.
and
foreign
countries.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
11%
to
$7.85
billion.
Net
interest
income
after
loan
loss
provision
rose
12%
to
$2.97
billion.
Net
income
totaled
$1.22
billion
vs.
a
loss
of
$1.36
billion.
Results
reflect
a
reduced
provision
for
loan
losses
and
$67
million
in
restructuring
credits
vs.
$2.11
billion
in
charges. | More
from
Market Guide: Significant
Developments |
| | | G. Kennedy
Thompson,
Chmn./Pres./CEO B.J. Walker,
Vice
Chmn. Robert
P. Kelly,
CFO Mark
C. Treanor,
Exec. VP/Secy./Counsel. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|