WASHINGTON:
THE FDIC and lawmakers are working on a "technical fix" to close a $400 million loophole in the congressional rescue plan for the Savings Association Insurance Fund. Page 3
REGIONAL BANKING:
THE 3 R's of marketing to win the customer loyalty battle are retarget, redeploy, and remix, writes Anat Bird.
Page 8
TECHNOLOGY:
LEAPFROGGING most of the industry, Bank of Louisville and Trust Co. has decided to switch to Windows 95. The $1.2 billion-asset Kentucky bank will install the system in its 34 branches next year.
Page 18
MELLON HAS HIRED the Treasury Department's point man in electronic benefits transfer. Lee Jones will develop cash management services tailored to government agencies.
Page 19
COMMUNITY BANKING:
A FORMER thrift chairman once banned from banking by federal regulators is suing directors of a New Jersey thrift for libel. Page 14
THE INDEPENDENT Community Bankers of Minnesota is opposing Norwest's latest acquisition deal in the Twin Cities area. Page 14
COMPLIANCE:
LEADS from Oklahoma bankers have helped government investigators in the state uncover financial crimes.
Page 10
SOFTWARE and data base vendors are struggling to improve their programs for geocoding loans made in rural areas. Bank trade groups are asking for postponement of CRA rules that require the coding.
Page 11
MORTGAGES:
AN ANALYST who saw a long-term decline for profit margins on Fannie Mae's and Freddie Mac's mortgage purchases has changed his tune.
Page 12
HAMILTON FINANCIAL Services of San Francisco has a buyer for the last of its wholesale production offices.
Page 13
INVESTMENT PRODUCTS:
TRACKING investment sales is still a paper-packed chore for many bank brokerages, but technological advances have begun to ease the burden.
Page 15
CHASE has launched an investment advisory arm to house the $104 billion-asset money management business it would control upon completion of its merger with Chemical.
Page 15
CREDIT/DEBIT/ATMs:
OFFICIALS OF MONDEX, the smart card payment system, say its progress won't be slowed by the planned sale of Natwest's U.S. banking operations. The British bank developed the system. Page 17
FINANCE:
BANKERS TRUST voted to maintain its regular quarterly dividend. Some analysts had predicted that Frank Newman, the bank's new president and future chief executive, would trim the payout.
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