The OCC cannot be faulted for Bank of America's big loss on lending to the investment firm D.E. Shaw, some leading banking lawyers say. Page 2
The victor in the Minnesota attorney general's race said he has not given up hope of keeping the new Wells Fargo's headquarters in Minneapolis. Page 4
Bank of New York said it would turn over its BNY Mortgage unit to a joint venture it is forming with Alliance Mortgage, a subsidiary of privately held Alliance Capital Partners. Page 5
An upstate New York thrift has tried to derail the planned merger of two banks by making last-minute bids to acquire each company. Page 7
Huntington Bancshares of Ohio plans to start offering on-line trading to its brokerage customers in December. Page 10
The high-yield bond market continued its rebound, as 10 deals worth $2.7 billion were priced by Thursday. A groundswell of interest from retail investors led the charge. "It represents a sea change in investor sentiment extending to retail as well as institutional investors," says Robert Adler of AMG Data Services. Page 22
Citigroup decided to keep the modest credit card holdings of the former Travelers Group separate from the giant Citibank portfolio indefinitely.
The Chicago Mercantile Exchange's bankruptcy futures contract, designed to help lenders hedge against losses, has gotten off to a slow start.
Canadian Imperial Bank of Commerce is expanding a six-month pilot test of sales software in its branches.
The newly named CEO of Green Tree Financial said the manufactured- housing giant is looking to pick up market share as peers leave the business.
Unrest within the sprawling new BankAmerica and Citigroup has prompted one Wall Street analyst to review the history of Imperial Rome.
Upbeat investors are back in stocks, confident that Federal Reserve interest rate cuts will shelter the nation's economy from foreign ills.