Allfirst Financial: Out of Control - ' Allfirst Financial Base Case ' (
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Allfirst Financial Base Case
Headquarters: 25 South Charles St., Baltimore, MD 21201
Phone Number: (410) 244-4000
Business: Provides comprehensive corporate, commercial, correspondent and retail banking services, personal and corporate trust services in Mid-Atlantic states
Chief Information Officer: William G. Fitting, Senior Vice President, Operations and Processing Services
Financials, nine months 2001: $1.1 billion in revenue, $149.4 million in
net income, net profit margin 14.1%
Challenge: To maintain and increase profitability in a competitive regional
financial services marketplace
Baseline Goals:
Investigate loss of $691 million from unauthorized currency trading
Develop systems to prevent recurrence
Evaluate whether to resume ongoing currency trading, which generated as much as $10.9 million of annual profit
Projects: Networks/Storage 
