REGULATORY AGENCIES reminded bankers that although high-loan-to-value lending can be profitable, such lending requires careful risk-return analysis. Page 2
LAWYERS ARE READING too much into a recent OCC decision about bank insurance sales, says the agency's chief counsel. Page 3
THREE INVESTMENT BANKS reported third-quarter earnings that reflected a downturn in trading and a slower market for new issues. Page 5
THE PACE of bank and thrift deal announcements picked up in the third quarter, but their value plummeted to the lowest total in more than three years. Page 7
COMMUNITY BANKS are capturing more government deposits. Page 8
AMRESCO's mortgage arm is looking to turn itself around, bringing Lehman Brothers aboard in a joint venture, Finance America, to revive the wounded unit. Brian Libman, chief executive of the venture, said it is analyzing "every single thing we do" as it strives for efficiency. Page 13
WITH LENDING volume down and the industry in a tizzy, big mortgage companies are seizing opportunities to buy smaller originators. Page 10
TD WATERHOUSE said it signed a letter of intent to join Redibook, an electronic communications network consortium that would let the Toronto-Dominion unit offer after-hours trading. Page 9
FOR ALL THE TALK about Internet speed, the movement of corporate cash management services to the Net has been anything but fast. Page 14
RISING INTEREST rates and soured merger expectations get most of the blame, but some analysts think there are other key reasons why bank stocks have fallen so sharply. Page 25
BANK STOCKS FELL as investors took cues from a downturn in the U.S. bond market, a signal of market fears that interest rates will rise. Back page
