Today's News

THE FEDERAL RESERVE said loan demand was strong over the past two months, with the exception of mortgage and home-refinance lending. Page 2

DEUTSCHE BANK appointed Michael Fazio as chief operating officer for the Americas, a new position. Mr. Fazio was a partner with Arthur Andersen. Page 3

JUST WHEN it seemed things couldn't get worse for health-care firms, lenders have rated the industry the least appealing place to put their money. Page 3

TOWNS in eastern North Carolina are struggling to recover from some of the worst flooding in state history, and local banks are looking for ways to help. Page 5

AS ELECTRONIC banking networks continue to consolidate, TYME of Wisconsin is asserting its autonomy and making plans to expand. Page 7

ALL HER CAREER she has pushed the idea of one-stop shopping for financial services. Now, as chief operating officer of Consumer Financial Network, Cathleen Raffaeli aims to make the company an aggregator of insurance, loans, and other financial products -- inviting all brands but favoring none. Page 8

FORTY-EIGHT PERCENT of African-Americans and 34% of Hispanic Americans have bad credit records -- versus 27% of whites -- according to a study by Freddie Mac. Page 6

REGULATORS ARE SPEAKING OUT on the need for financial institutions to allay customer concerns about the readiness of banks, thrifts, and credit unions for the year-2000 date switch. Page 9

BROKER-DEALER Charles Schwab is trying to attract more cautious customers with certificates of deposit linked to the stock market. Page 10

NEARLY TWO YEARS after buying Founders Asset Management, Mellon is preparing to stamp the successful Dreyfus name on the 10 Founders mutual funds. Page 11

BANK OF AMERICA's global derivatives group is adding people and offices to build the business of selling financial hedges to corporate clients. Page 18

SOME OF THE BANK STOCKS hit hardest in this year's downturn are those of midcap companies that are perceived as high-quality names. Back page

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