Today's News

REGIONAL BANKING: CEO JAMES LARGE said Dime Bancorp, which posted strong first-quarter earnings, was "on track to realize the $50 million in cost savings by 1996 that we previously announced." Page 5 ANAT BIRD, who built a prominent bank consulting practice by championing the "super community" management strategy, has been named to the No. 2 job at Roosevelt Financial Group in St. Louis. Page 4 WASHINGTON: HOPING TO preclude congressional action, a diverse crew of bankers, community activists, and government associations plans to announce support for the revised Community Reinvestment Act rules today. Page 2 DESPITE STERN administration warnings to stay away from CRA legislation, bankers have no intention of curbing their drive for relief - and the odds are better than even that the Republican Congress will favor the industry's position. Page 2 MORTGAGES: AS MANY as 160,000 families would be unable to buy homes each year if FHA mortgage insurance is targeted to low-income or first-time homebuyers, according to a trade group study. Page 21 INVESTMENT PRODUCTS: A TRADE GROUP for Connecticut banks has found out the hard way that being in the brokerage business requires solid partners to avoid disaster. Page 23 A DECISION by a Mellon subsidiary to sue five defecting money managers last week is an unusual maneuver that could signal that banks are willing to get tough in order to retain employees. Page 22 COMMUNITY BANKING: JAMES GILLERAN, Bank of San Francisco's chief executive, is feeling the kind of regulatory heat he used to apply as California banking superintendent. Page 26 FORT WAYNE National Corp. might ask the U.S. Supreme Court to review a recent Indiana Supreme Court decision overturning an order to refund what the bank said were improper bond taxes levied by the state. Page 26 CREDIT/DEBIT/ATMs: THE MAJOR publicly traded credit card companies have recorded another quarter of significant growth and healthy profit margins. Page 18 TECHNOLOGY: A FORMER president of the American Bankers Association has joined Online Resources and Communications Corp. as managing director. Page 25 FINANCE: SHARES OF Glendale Federal Bank advanced in active trading after a PaineWebber analyst sharply raised his earnings estimates and lifted his investment rating to "attractive" from "neutral." Back page