WASHINGTON
The FDIC has taken a page from its 1980s play-book by suing two top officials of a failed Colorado bank. Page 2
Invest Financial said it is in formal talks with the National Association of Securities Dealers regarding its supervisory procedures from 1995 through November 1997. Page 2
REGIONAL
Wells Fargo is expected to unveil a companywide stock option plan as its merger deal with Norwest heads toward completion today. Page 6
COMMUNITY
Making good on a promise to cut expenses, Fargo, N.D.-based Community First Bankshares said it is eliminating 200 jobs and taking a $5.5 million charge during the fourth quarter. Page 12
E. Lee Beard is no stranger to the issues she will face as the new chairman of America's Community Bankers. Page 12
INVESTMENT PRODUCTS
Some mutual fund executives will join investors in counting their losses. Because of the turbulent stock market, key executives will make less this year than in 1997, a study found. Bonuses could be down as much as 50% in some cases. Page 8
MORTGAGES
Fannie Mae and Freddie Mac have bolstered their mortgage portfolios in response to a tremendous widening in spreads this fall. Page 14
Resource Bancshares Mortgage Group cannot find a buyer, market sources say, but it does not need to in the favorable environment for mainstream mortgage lenders. Page 14
CARDS
Credit card issuers on the Internet are about where home banking providers were three years ago:trying to turn boilerplate pages into inviting and customized transaction sites. Page 16
Visa International announced plans for Visa Infinite, a premium card for global travelers. Page 17
TECHNOLOGY
Checkfree is indicating it will adopt a strategy that would lessen its reliance on banks as a distribution channel for its services. Page 18
GTE Cybertrust is seeking credit card processors' help in issuing digital certificates. Page 19
MARKET MONITOR
After suffering their worst setback since fall 1987, brokerage stocks are staging a comeback. Page 32
