Today's News

WASHINGTON

Stanley E. Morris, the departing director of the Treasury's Financial Crimes Enforcement Network, considers it the model 21st century crime fighter. Page 4

INVESTMENT PRODUCTS

Federated Investors, which has long played a supporting role for banks in the mutual fund business, now wants star billing as a strategic adviser. Page 6

COMMUNITY BANKING

North Carolina bank directors could soon be heading back to college - to a school for bank directors being set up by the state and its bankers association, that is. Page 7

Hoping to turn up the heat on an acquisition target, a sub urban Chicago bank holding company has gone public with its offer to buy an area thrift. Page 7

CORPORATE FINANCE

A financing package for Sealy - the company at the center of the notorious "burning bed" deal of the 1980s bridge loan market - sailed through the loan and bond markets in recent weeks. Page 11

CREDIT/DEBIT/ATMs

Cool Shopping Barbie and a Pretend & Play Cash Register are bringing the card wars to the preschool set. Credit card executives say the toys, which have tie-ins with Citibank, Visa, and MasterCard, are a good way to promote their brands. But some parents are not pleased. Page 13

TECHNOLOGY

After two months of gradual sliding, the share price of Fair, Isaac & Co. took a nosedive last week on a warning about this quarter's earnings. Page 14

MARKET MONITOR

Interest rates are headed up next year, according to economists contacted for the latest American Banker yield and rate survey. Page 25

After a year in which they often set the pace, bank stocks seem to have lost momentum and are now at the mercy of the general market. Back page

WEEKLY REPORT: SMALL BUSINESS

Banc One's new manager of small-business banking plans to use PC banking and call centers to attract customers. Page 8

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER