But it would not reduce earnings for the new company.
The company said the charge would reduce earnings by $2.55 a share.
The job cuts will reduce earnings by about $115 million.
Under the current rules, companies write off the good will over 40 years or less, thus reducing reported earnings.
It will also reduce earnings from the division going forward.
In the short run, however, the switch can reduce earnings.
The charge will reduce the quarter's earnings by about 25 percent.
Players felt that such a cap would reduce their potential earnings.
If taken, the action would sharply reduce the Chicago bank's earnings.
As a result, the transaction is not expected to reduce its earnings per share.