WASHINGTON
Banks are demanding too many changes in his Glass-Steagall reform, complains House Banking Committee Chairman Jim Leach. Page 4
The Fed has failed to retrieve two documents it accidentally disclosed to a community group opposing the Chase-Chemical merger. Page 2
SMALL BUSINESS
Business banking via personal computer will take off in the next few years, lenders and industry experts say. Page 5
Meridian agreed to a $1.6 million settlement with the federal government to resolve an SBA fraud allegation. Page 6
REGIONAL BANKING
Centura Banks announced a deal to open 24 in-store branches in 18 months, giving it dominance in North Carolina supermarket banking. Page 10
Rosemarie Greco was named president of CoreStates Financial, making her the highest-ranking woman in commercial banking. Page 8
MARKET MONITOR
Most bank mergers hurt shareholder value, Donaldson Lufkin & Jenrette analyst Thomas K. Brown contended at a Bank Administration Institute conference. Mr. Brown singled out PNC, Fleet Financial, First Union, Amsouth, First of America, and National City as frequent dealmakers whose stock prices have lagged. Back page
Shares of Commerce Bancorp. have surged 22% as investors may finally have warmed to the New Jersey bank's unusual "bricks and mortar" strategy. Page 29
MORTGAGES
After three years of poor to mediocre business, the Seattle mortgage market is starting to make a comeback. Page 14
The Public Securities Association has said a proposal to securitize a larger proportion of interest payments on home loans would not meet bond- industry criteria. Page 14
INVESTMENT PRODUCTS
After years of helping banks set up and run investment sales programs, third-party marketing firms are now rushing to add life insurance to the mix. Page 16
Deutsche Bank Trust, a newcomer to U.S. private banking, is aiming to have $10 billion under management by the year 2000. Page 20
CREDIT/DEBIT/ATMs
Diners Club has protested a plan by Visa International to prevent its members overseas from issuing competing card brands, sources say. Page 21
Waiters at two Planet Hollywood eateries this fall will prompt diners to pay with their Maestro on-line debit cards instead of cash. Page 21
COMMUNITY BANKING
Charles Stoner, CEO of Welch State Bank in Oklahoma, is breathing a sigh of relief. He had worried that new Community Reinvestment Act exams would jeopardize his bank's prized "outstanding" rating. Page 22
Telebanc Financial, the thrift that treats the nation as its core deposit area, is taking advantage of the upheaval in retail banking to buy telephone-generated deposits out of branch and deposit dispositions. Page 22
TECHNOLOGY
Shares of Security First Network Bank skyrocketed after its initial public offering, underlining Wall Street's love affair with the Internet. Page 24
Meca Software is grabbing for market share by introducing pared-down versions of its flagship product. Page 25