Banks successfully used computerized risk-management models to limit their losses in this week's turbulent stock and bond markets, according to regulators and bankers. Page 3


BankBoston is trying to reinvent its consumer image, launching an 18- month reengineering program for its domestic bank unit. Page 4

Wachovia plans to close, sell, or shrink 85 Virginia branches after its deals to acquire two banks in the state are completed this quarter. Page 6


The Independent Bankers Association of America is stepping up its year- old image-building campaign for member banks. Page 7


Taking a different route to Washington from that of brother George, Jonathan Bush has sold his advisory firm to Riggs National. Page 8

BB&T is getting into the proprietary variable annuity business. Page 8


Making mortgage loans for more than a home's value may seem like risky business to some, but the phenomenal profit margins of these loans are making the high loan-to-value market difficult to resist. Page 10


Commercial lenders believe they are considerably better equipped to handle an economic downturn now than they were before the last recession, according to a new survey. Page 18


Denny D. Dumler of TransAlliance, Bellevue, Wash., can barely contain his enthusiasm for future financial service frontiers. "I don't believe we've ever had a greater opportunity for new and exciting things to happen than we enjoy right now," the ATM pioneer says. Page 20

Honor Technologies is expanding across the country from its Florida base and literally branching out - the electronic banking network is maintaining offices it left in place after acquisitions. Page 21


Philips Home Services has essentially closed its doors on the major pilot test in Garden City, N.Y., of its advanced screen-telephone technology. Page 22

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