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Highlights the speech of Representative Barney Frank of Massachusetts during the annual awards dinner of American Banker at the New York Palace Hotel in the New York City. Need for bonuses to do the right thing; Lack of standing ovation given to the winner of the lifetime achievement award Kenneth Guenther; Caution given to the financial heavy weights to show restraint in pressing for further deregulation.

Reports on the resignation of Tom Silveri as president and chief executive of New York City-based company DBM.

Reports that "The Columbia Spectator," the school paper of Columbia University ranks Martha Stewart as one of its ten greatest alumni despite her legal problems. Other alumni in the list.