Good morning. Nice to be back.
It's morel season in the Piedmont.
The fourth-largest U.S. bank is the latest major lender battered by the global credit crunch, which has caused loan losses and write-downs to mount.
It has also been hurt by Chief Executive Ken Thompson's ill-timed, $24.2 billion purchase in 2006 of adjustable-rate mortgage lender Golden West Financial Corp.
Meanwhile, a slowdown in buying.