MANAGEMENT STRATEGIES

IN SPITE of rising bankruptcy and puzzling delinquency in an otherwise effervescent economy, credit card issuers are casting an ever-wider net for customers. Will quantitative approaches to credit risk management save the day? Magazine supplement

WASHINGTON

The exodus from the Financial Crimes Enforcement Network continues. The director's top policy adviser will be moving to the Fed next month to fight money laundering from there. Page 4

REGIONAL BANKING

Bank of New York has embarked on a supermarket branching strategy, opening eight full-service branches in suburban stores since April. Page 6

CORPORATE FINANCE

The convergence of the high-yield bond and leveraged loan markets is causing a shortage of junk issues, market participants say. Page 9

MORTGAGES

The California Association of Realtors, which has been bullish on the state's housing market all year, raised a warning flag. Page 12

The head of production at Banc One Mortgage was promoted to CEO, prompting talk that the Ohio parent company plans to expand in the business. Page 12

INVESTMENT PRODUCTS

Citicorp says it has signed up at least 75 people in Rochester, N.Y., for an account that bundles banking and investment services and is on track to roll it out nationally in 1998. Page 13

CREDIT/DEBIT/ATMs

After a recent ruling in a New York court, Citicorp and a state social service agency have revived their plan to administer an electronic benefits transfer program. Page 14

TECHNOLOGY

In the mercurial world of bank technology stocks, SunGard Data Systems has proven to be one of the year's better investments. Page 18

MARKET MONITOR

The cost of hiring investment banking talent is unlikely to fall, even though a rash of mergers this year means many Wall Streeters are looking for work or will be soon. Page 25

WEEKLY REPORT: SMALL BUSINESS

Where does a cash-machine maker go for cash? Triton Systems is the type of business customer most bankers want, but when its partners needed funding to grow they went to their Merrill Lynch broker. Page 10

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