WASHINGTON
Congress brokered a truce in the battle over interest rates paid on new government-guaranteed student loans, but a new fight has erupted over borrowers who consolidate their college loans into one credit. Page 2
Comptroller-in-waiting John D. Hawke Jr. says concerns about letting national banks conduct new businesses in operating subsidiaries are overblown. Page 2
COMMUNITY
Facing stiff competition at home and enticed by the potential for quick profits, California community banks are rushing to set up Small Business Administration lending offices in other states. Page 6
MORTGAGES
A surge in reported revenue at Aames Financial has prompted speculation that a sale is imminent. Page 7
INVESTMENT PRODUCTS
Chase Manhattan reorganized its investment management group, appointing executives to direct key activities across client segments. Page 8
CARDS
Shailesh Mehta of Providian Financial sees a limit to potential reductionsin card delinquencies. "I don't see the next decline being as steep as the rise was," he says. "As long as we have an oversupply of credit with a very discounted price some people will be unable to meet their obligations." Page 10
Transaction processing companies are unanimous about their opportunities to serve the gambling market-so much so that three companies want to join forces to go after them. Page 12
MARKETS
Emboldened by the strongest economy in at least 30 years, consumers have been spending more and saving far less. But some economists think the wobbly stock market may soon force a reversal. Page 13
The Justice Department said it will not challenge the BankAmerica- NationsBank merger on antitrust grounds after the companies agreed to divest 17 branches in New Mexico. Page 20
TECHNOLOGY
Checkfree Holding has sharply reduced its earnings expectations, citing reduced interest by banks in home banking as they focus on the year-2000 problem, mergers, and other issues. Page 30
A handful of specialty firms are firing up Internet-based services to cost-effectively meet the expanding currency needs of small and midsize companies. Page 31
CORPORATE FINANCE
Though the euro won't start circulating until January, it has been the third-most-popular currency in worldwide debt issuance this year. Back page
Investors in a $3.25 billion term loan to Cendant said they will pressure Chase to restructure the financing, following an announcement by Cendant that it had manufactured $640 million in profits. Back page
