Today's News

WASHINGTON

Nominees to the Federal Reserve Board were expected to gain quick confirmation in a Senate vote late Thursday. Page 2

REGIONAL BANKING

Scores of analysts who left a Citicorp strategy talk early missed a pop quiz. What do top executives at Norwest, Bankers Trust, Charles Schwab and Banc One have in common? They all worked at Citicorp. Page 4

COMMUNITY BANKING

Florida's regional banks are using deposit and loan discounts to hit the state's community bankers where it hurts: small-business customers and traditional deposit accounts. Page 6

Investor activist Michael Price and the New York investment firm Keefe Partners are among the backers of a small California bank that's buying a bigger one. Page 6

TECHNOLOGY

The Internet and Electronic Commerce conference gave Microsoft's Bill Gates another opportunity to promote his rosy vision of a high-tech future. "This year is very important in laying the foundation, " he said. Mr. Gates and others advised bankers to get on-line now or risk missing out. About 5,000 people attended the meeting. Page 13

Facing stiff competition for trading systems business, vendor CSK Micrognosis is shuffling its business priorities to emphasize software development. Page 13

MORTGAGES

In a move that stirred protests by community activists, Home Savings of America has decided it will no longer finance low-income multi-family housing. Page 8

BancBoston Mortgage isn't content to wait for widening spreads to bolster its profits. Instead, the Florida lender is reaching out in different ways to locate new borrowers. Page 8

INVESTMENT PRODUCTS

While the rush of investors to mutual funds seems to be subsiding, fund companies like Oppenheimer say their sales are soaring. Page 10

In anticipation of the Chemical merger, Chase Manhattan is close to selling nine brokerage offices outside the New York City area. Page 10

CREDIT/DEBIT/ATMs

Under the auspices of new telemarketing rules, the Federal Trade Commission is cracking down on deceptive credit repair services for misleading advertising. Page 11

Verifone named a new vice president of worldwide marketing in an effort to speed its entry into the field of electronic commerce. Page 12

FINANCE

Advanta's share prices have soared 44% since mid-January, fueled by an expected shift to higher rates for nearly a quarter of the bank's card portfolio. Back page

Moody's says bank ratings are edging up to their highest levels since the late 1980s. Back page

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