Today's News

WASHINGTON

Banking and insurance industry negotiators are under pressure to wrap up their work on compromise financial reform legislation. Page 2

INVESTMENT PRODUCTS

Harris Bank started a program this summer to offer shareholders of Harris Insight Funds reductions on tuition at 109 private colleges and universities in 28 states. Page 9

MORTGAGES

Beefing up its executive ranks, North American Mortgage has hired Fannie Mae executive Paul Allen as its chief financial officer. Page 15

After buying ReliaStar Mortgage last month, Principal Residential Mortgage now has a servicing portfolio of $40 billion and ranks among the top 20 mortgage servicers. Page 15

COMMUNITY

Federal regulators have slapped a small California bank with a cease- and-desist order for failing to comply with a law aimed at stopping money laundering schemes. Page 16

CARDS

Chase Manhattan has come up with a novel enhancement for credit cards - one with a magnifying lens that helps customers read the fine print. Page 20

DIGITAL FRONTIERS

ON-LINE BANKING: Though its shares have dipped into penny-stock territory, Intelidata Technologies has sold its Internet- and personal- computer-based banking software to Citibank and others in recent weeks. Page 22

Money managers for high-net-worth and institutional clients are gradually putting their trust in the Internet. Page 22

TECHNOLOGY

Citibank has become a primary sponsor - "anchor tenant" in the new terminology of Internet marketing - of Netscape Communications' Personal Finance Channel. Page 23

CORPORATE FINANCE

Executives at Chase Manhattan say they hope their new global sports advisory and finance group can break into financing the growing sports industry worldwide. Page 33

MARKETS

Banks stocks rallied, outpacing the market for the first time in almost a month, but many investors remain nervous and wary. Back page

WEEKLY REPORT: INTERNATIONAL

Overcoming concerns that financial turmoil in Asia would depress earnings in Latin America, BankBoston has reported a 60% rise in net income in Brazil during the first half. Page 18

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