WASHINGTON
IN CHICAGO today, the NCUA kicks off a community development conference that has sparked a congressional inquiry and fueled resentment within the industry. Page 2
COMMUNITY BANKING
HUNDREDS of small banks could save millions in taxes under a soon-to-be available corporate structure, lawyers and tax specialists say. Page 6
THE START-UP class of 1984 was the biggest ever, but a dozen years later its remnants show only a glimmer of the glamour of the go-go '80s. Page 7
REGIONAL BANKING
NATIONSBANK's decision to raise its performance goals signals growing confidence - and, to some analysts, a disinclination to undertake a sizable deal in the near future. Page 4
CHIEF EXECUTIVES at commercial banks have benefited from improved profits and industry consolidation to reward themselves handsomely over the last few years. A survey from the Conference Board said bank CEOs last year ranked as the best-paid in the country. Page 4
MORTGAGES
FLEET BANK is opening up its purse to refinance troublesome, high- interest loans made before its subprime arm closed in 1992. Page 8
BANKAMERICA is pulling back from the subprime mortgage market in what industry analysts say may be the start of an exodus. Page 8
INVESTMENT PRODUCTS
BROKERS' PAY rose last year - but not at banks, a consultant says. The typical bank broker's pay fell. Page 10
CHARLES SCHWAB has made a deal to award bonus miles to Delta Airlines' frequent fliers who move their financial assets to the San Francisco-based discount brokerage. Page 10
CREDIT/DEBIT/ATMs
ELECTRONIC Payment Services has hired a Mr. Fix-it - one with organizational and cost-cutting expertise. Page 11
TO AVOID a quick toss into the wastebasket, Capital One has been advertising its secured credit cards on postcards featuring photos of missing children. Page 11
FINANCE
A FED report is creating hope for a rebound for Banc One, which reported a chargeoff rate of 5.86% in the second quarter. Page 20
