WASHINGTON
THE FED urged Congress to let banks wait up to three days before crediting a local check to a customer's account. Page 2
BANKERS got only some of the relief they sought from consumer regulations in the banking legislation enacted last week. While banking interests rejoiced about the long-sought loosening of information-sharing restrictions in the Fair Credit Reporting Act, consumer activists downplayed their success. Page 3
REGIONAL BANKING
CORESTATES Financial's president Rosemarie B. Greco is one of the few women in banking who has risen above the "glass ceiling." Page 6
COMMUNITY BANKING
AN ATLANTA-AREA community bank expects to take a third-quarter loss, because of mounting problem credit card loans. Page 8
SPARE CHANGE: A Boston thrift has been running a devilish print ad campaign targeting bank mergers that force commercial borrowers to find a different lender. Page 8
MORTGAGES
CHASE MANHATTAN Mortgage has nearly completed its massive cost-cutting plan since merging with Chemical. Page 9
INVESTMENT PRODUCTS
COMERICA retained a New York headhunter to recruit six trust officers to staff a Manhattan office and broaden its referrals from PaineWebber. Page 10
A FORMER NationsBank broker filed an arbitration claim alleging breach of contract and retaliatory actions, and seeking more than $500,000 in damages. Page 11
CREDIT/DEBIT/ATMs
THE IBAA and Thomas Cook Financial Services will team up next spring to test-market Visa's prepaid card for travelers with an eye toward offering it through U.S. community banks. Page 12
EUROPEAN AMERICAN Bank is quietly testing the EAB Opportunity MasterCard, aimed at customers who keep balances on their credit cards each month. Page 13
TECHNOLOGY
ON-LINE BANKING: As financial services companies scramble to offer their wares on-line, few products are getting as much attention as mutual funds. Page 14
BANKERS and corporate officials are grumbling about continued delays and confusion in dealing with the IRS' mandatory on-line deposit system. Page 15
FINANCE
TO SHAPE its capital markets staff to suit its core middle-market customer base, NationsBank recently fired between 50 and 55 employees. Page 18
THE SEC considers increasing regulations for the asset-backed securities market. Page 20
