DISTRESSED: "I'm disappointed that we must take these two charges," Gary Crosby, First Niagara's chief executive, said in reference to $845 million in goodwill and deposit-related charges.
The company's $800 million goodwill impairment charge may reflect macroeconomic factors, but also likely resulted from a purchase of HSBC branches two years ago. Other banks are unlikely to face the exact same issues, observers said.

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