Marshall & Ilsley Feels Pinch of Bad Bank Loans.

The article reports on the forecast of Marshall & Ilsley for a third-quarter loss in 2009 higher than expected by analysts due to bad loans to other banks. The problem is another burden to the Milwaukee-based bank after the declines in Arizona and Florida housing markets. It adds that it allocated 185 million U.S. dollars for loans to other banks that gone bad. Its shares fell by 3% to 7.70 U.S. dollars on the New York Stock Exchange composie trading on October 6.