Goodwill	9 Months Ended
Sep. 30, 2012
Goodwill	*10. Goodwill* Goodwill was $2.2 billion at both September 30, 2012 and December 31, 2011, and includes accumulated impairment losses of $54 million. Goodwill of $398 million was allocated to the branch operations sold to First Niagara. See Note 3, “Branch Assets and Liabilities Held for Sale,” for further discussion. During the third quarter of 2012, we completed our annual impairment test of goodwill and determined that the fair value of all our reporting units exceeded their carrying amounts, including goodwill. Our goodwill impairment testing is, however, highly sensitive to certain assumptions and estimates used. In the event that significant deterioration in economic or credit conditions occur, or changes in the strategy or performance of our business or product offerings occur, particularly as it relates to our Global Banking and Markets and Private Banking reporting units, an interim impairment test will be required. At July 1, 2012, the carrying value including goodwill of our Global Banking and Markets and Private Banking reporting units was 91 percent and 93 percent, respectively, of their fair value.

10. Goodwill

Goodwill was $2.2 billion at both September 30, 2012 and December 31, 2011, and includes accumulated impairment losses of $54 million. Goodwill of $398 million was allocated to the branch operations sold to First Niagara. See Note 3, “Branch Assets and Liabilities Held for Sale,” for further discussion.

During the third quarter of 2012, we completed our annual impairment test of goodwill and determined that the fair value of all our reporting units exceeded their carrying amounts, including goodwill. Our goodwill impairment testing is, however, highly sensitive to certain assumptions and estimates used. In the event that significant deterioration in economic or credit conditions occur, or changes in the strategy or performance of our business or product offerings occur, particularly as it relates to our Global Banking and Markets and Private Banking reporting units, an interim impairment test will be required. At July 1, 2012, the carrying value including goodwill of our Global Banking and Markets and Private Banking reporting units was 91 percent and 93 percent, respectively, of their fair value.