62741--2/28/2007--MARSHALL_&_ILSLEY

related topics

{system, service, information}

{financial, litigation, operation}

{regulation, change, law}

{operation, natural, condition}

{personnel, key, retain}

{acquisition, growth, future}

{regulation, government, change}

{condition, economic, financial}

{property, intellectual, protect}

{product, liability, claim}

{competitive, industry, competition}

{interest, director, officer}

{debt, indebtedness, cash}

{stock, price, operating}

{loss, insurance, financial}

M I s earnings are significantly affected by general business and economic conditions, including credit risk and interest rate risk. Terrorism, acts of war or international conflicts could negatively affect M I s business and financial condition. M I s earnings also are significantly affected by the fiscal and monetary policies of the federal government and its agencies, which could affect repayment of loans and thereby materially adversely affect M I. The banking and financial services industry is highly competitive, which could adversely affect M I s financial condition and results of operations. Federal and state agency regulation could increase M I s cost structures or have other negative effects on M I. M I is subject to examinations and challenges by tax authorities, which, if not resolved in M I s favor, could adversely affect M I s financial condition and results of operations and cash flows. Consumers may decide not to use banks to complete their financial transactions, which could result in a loss of income to M I. Maintaining or increasing M I s market share depends on market acceptance and regulatory approval of new products and services and other factors, and M I s failure to achieve such acceptance and approval could harm its market share. The holding company relies on dividends from its subsidiaries for most of its revenue, and the banking subsidiaries hold a significant portion of their assets indirectly. M I depends on the accuracy and completeness of information about customers and counterparties, and inaccurate or incomplete information could negatively impact M I s financial condition and results of operations. M I s accounting policies and methods are the basis of how M I reports its financial condition and results of operations, and they may require management to make estimates about matters that are inherently uncertain. Changes in accounting standards could adversely affect M I s reported financial results. M I has an active acquisition program, which involves risks related to integration of acquired companies or businesses and the potential for the dilution of the value of M I stock. M I has in the past and may in the future explore alternatives to separate Metavante from M I. M I is dependent on senior management, and the loss of service of any of M I s senior executive officers could cause M I s business to suffer. M I s stock price can be volatile. M I may be a defendant in a variety of litigation and other actions, which may have a material adverse effect on its business, operating results and financial condition. Unauthorized disclosure of sensitive or confidential client or customer information, whether through a breach of M I s computer systems or otherwise, could severely harm its business. Damage to the data centers on which Metavante relies could harm Metavante s business. Network operational difficulties or security problems could damage Metavante s reputation and business. Lack of system integrity or credit quality related to Metavante funds settlement could result in a financial loss. Metavante may not be able to protect its intellectual property, and Metavante may be subject to infringement claims. Changes in the network pricing and transaction routing strategies of NYCE, a subsidiary of Metavante, could adversely affect NYCE s revenue and Metavante s results of operations. Metavante s business could suffer if it fails to attract and retain key technical people.

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62741--2/28/2007--MARSHALL_&_ILSLEY_CORP/WI/