Several major banking companies well grounded in the Midwest reported profit increases Thursday, but the same could not be said of BankBoston Corp.

In keeping with third-quarter earnings patterns established earlier in the week, the more internationally exposed BankBoston fell victim to foreign trading and emerging-markets pressures. Net income declined by 53% from a year earlier, to $105 million.

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.