INVESTMENT PRODUCTS
MARK P. HURLEY is known for telling investment managers what it takes to be successful. But now, Mr. Hurley, the new managing director of global marketing and new products for Merrill Lynch Capital Management, will have to practice what he preaches. Page 4
TIME is running out for bankers hoping this year would bring a tax-free way to convert common trust assets into mutual funds. Trust conversion legislation seems likely to be a casualty of the federal budget debate. Page 5
COMMUNITY BANKING
A CALIFORNIA jury awarded Chino Valley Bank an additional $1.3 million in a suit against its former president and CEO. The award brings the total judgment in the case to about $2.1 million. Page 11
A SHAREHOLDER's continuing battle with the management of a Missouri bank now has her fighting for a proposal to sell the company. Page 10
WASHINGTON
THE NUMBER of troubled thrifts in the West has dwindled, but the director of the Office of Thrift Supervision's western region still has concerns. Page 3
AUDITORS can do a better job supervising banks than regulators, said the president of the Cleveland Fed. Page 2
MORTGAGES
BANK OF BOSTON Corp. has completed the partial spinoff of its mortgage company to two venture capital firms, an interim step toward a three-way joint venture that will also include Barnett Banks Inc. Page 12
FANNIE MAE is not going to become a mortgage originator, its president insisted. "It's not an option and not a consideration." Page 12
CREDIT/DEBIT/ATMs
BEING A SUCCESSFUL credit risk manager doesn't mean getting every individual decision right, writes Peter L. McCorkell of Fair, Isaac & Co. It means getting the right mix. Page 14
M&T BANK is expanding its niche in supermarket cobranding. The regional bank in Buffalo and Giant Food Inc. of Maryland said they have entered a cobranding card arrangement. Page 16
FINANCE
WALL STREET bank analyst Thomas Hanley has left CS First Boston Corp. to work for UBS Securities. Back page
JOHN W. BRINK has resigned as chief financial officer of Green Tree Financial Corp., a specialty finance company based in St. Paul. Page 22
