суббота, 3 марта 2012 г.

*NO FALLOUT FELT BY BANKS.(Local)

Byline: Mark S.R. Suchecki Business writer

The jolt the stock market has received since Monday appears not to have translated into a mass transfer of local money from stocks into safer investment havens - at least not yet, local bank officials said Wednesday.

"I don't expect much of a fallout," said James K. Patrick, president and chief executive officer of Key Bank NA. "It's business as usual."

While investors adopt "a wait-and- see attitude" regarding their investments, Patrick said, they may park more money at the bank. But evidence this early is hard to come by.

"It's too early to tell - the numbers won't be in for a couple of weeks," …

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