WASHINGTON - Banking industry officials are scrambling to learn more about Treasury secretary-designate Paul O'Neill and are already weighing the asset of his big-business background against the liability of his inexperience with financial markets.

A day after President-elect George W. Bush said he would nominate Mr. O'Neill to head the Treasury, industry wags from coast to coast almost universally said they know nothing but what they read in the newspapers about the 65-year-old chairman of Aluminum Company of America.

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.