REGIONAL BANKING:

THE SECURITIZATION of small-business loans is still in its infancy, but pending changes in a Small Business Administration program may help spur activity.

Page 5

INVESTMENT PRODUCTS:

HSBC AMERICAS is dusting off an old idea - the stock-index CD - to pump up interest in certificates of deposit. Page 6

NORTHERN TRUST is working to fill some high-level management positions. Two of its eight senior vice presidents quit the Chicago-based banking company this month.

Page 7

WASHINGTON:

NATIONSBANK unveiled a no-down-payment, no-closing-cost mortgage program that bankers and activists said could become the new standard for community reinvestment. "This extends the market of people we can reach," says Catherine Bessant, a senior vice president. Under the five-year, $500 million program, low-income borrowers will receive credit counseling from Neighborhood Assistance Corporation of America.

Page 2

AFTER A TWO-YEAR investigation, the Justice Department dropped plans to sue Barnett Banks on fair-lending grounds. Barnett has consistently defended its lending practices.

Page 2

COMMUNITY BANKING:

THE FOUNDER of a California hedge fund has gone beyond telling a Massachusetts thrift how to boost profits. He is also pitching his ideas to other shareholders and potential investors - including some already in takeover talks with Abington Savings.

Page 8

INDIANA community bankers are steamed over legislation that would let out-of-state banks accept municipal deposits at their local branches.

Page 8

CREDIT/DEBIT/ATMs:

VERIFONE has begun deploying a system designed to automate the management of vast networks of transaction terminals. Page 12

MORTGAGES:

NORWEST has hired as executive vice president for institutional lending the executive that GMAC Mortgage fired in June as head of national production.

Page 15

HOME-EQUITY and other speciality mortgage lenders are trying to strengthen customer relationships in the face of competition from high- technology origination and servicing systems.

Page 14

TECHNOLOGY:

FIRST COMMERCE of Louisiana, a banking pioneer in data base marketing, is upgrading its technology to create more refined direct marketing campaigns.

Page 17

PAPER CHECKS are here to stay, and that's good for banks, writes consultant Allen H. Lipis. Consumers love them, they're profitable, and banks have a processing monopoly, he points out.

Page 17

FINANCE:

UBS Securities downgraded J.P. Morgan & Co. to "hold" from "buy," citing concerns about the global trading environment.

Back page

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.