Seeking to calm jittery investors, Banc One Corp. offered a detailed view Wednesday of its controversial derivatives portfolio, which is unusually large for a regional bank's.

In front of analysts in New York, chairman John B. McCoy defended the Ohio-bug bank's extensive use of interest rate swaps, calling them an integral part of asset and liability management.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.