Today's News

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WASHINGTON

SLM Holding Corp. is expected to announce a new high-tech delivery system designed to finally make the company a player in the student loan origination market. Page 2

Banking and agricultural groups hailed a $6 billion emergency aid package for farmers that White House and congressional negotiators hammered out amid last-minute budget negotiations. Page 2

INVESTMENT PRODUCTS

The president of Bisys Group's investment services group says banks' conservative investing style is finally putting them in the catbird seat. Page 5

Aetna Retirement Services will hire additional wholesalers to beef up the distribution of its retail investment products through banks. Page 5

MORTGAGES

Freddie Mac announced it will upgrade its automated underwriting system to help lenders evaluate lower-credit-quality loans. Page 6

CORPORATE FINANCE

As Wall Street lays off investment bankers, regional securities firms - including those owned by banks - are planning hiring sprees. Page 7

CARDS

With its announcement of a subsidiary's name change, from Novus to Discover, Morgan Stanley Dean Witter underscored how it is taking a fresh look at credit card strategy. Analysts expect the card unit's product lineup to grow and to be marketed overseas. Page 8

American Express and Visa, from opposite sides of a federal antitrust battle, are pleading their cases on the World Wide Web. Page 8

TECHNOLOGY

Northern Ireland is following the lead of the Republic of Ireland in trying to attract back-office processing work. Page 9

After a year of testing, Equifax said, it has determined that artificial intelligence can improve significantly the chances of fighting check fraud. Page 9

MARKETS

Investors have been flocking to SunTrust Banks' bonds, though the company's total capital ratio took a hit in the third quarter. Page 18

Citigroup unveiled its new asset management division and set aggressive goals for its growth. Page 18

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