WASHINGTON
Creditors would recover far less than previously thought if Congress enacts bankruptcy reform, a study found. Page 2
COMMUNITY
Plagued with disease-ridden crops and now facing near-record low prices, many wheat farmers in the upper Midwest are putting their farms up for sale. Page 5
REGIONAL
A veteran New York money manager is waging a campaign to push St. Paul Bancorp of Chicago into a merger or sale. Page 8
DIGITAL FRONTIERS
SMART CARDS: Smarty, the diskette-like device that enables personal computers to read smart cards, has gotten a boost from a worldwide distribution agreement with Gemplus. Page 10
IBM has come out with a smart card security system for notebook computers that incorporates technology from Gemplus, the French chip card maker. Page 10
INVESTMENT PRODUCTS
Evergreen Funds, the $54 billion investment unit of First Union of Charlotte, N.C., said it plans to launch a mutual fund in January that will be co-managed with three other fund companies. "The equity diversification based on core competency is attractive," says William M. Ennis, who heads Evergreen Funds. Page 9
CARDS
Cendant Business Services has added a rewards component to its commercial cards program. Page 14
MORTGAGES
HOME EQUITY: A private equity fund partially owned by Citigroup will expand its stake in ailing subprime lender IMC Mortgage and extend an estimated $1.5 billion in credit to the company. Page 16
Mego Mortgage said it expects to report a $126 million pretax loss for fiscal 1998 after a securities writedown and less loan production. Page 16
TECHNOLOGY
nearly 10,000 people, including 3,500 bankers-1,000 of them from abroad- converged on Las Vegas for the Bank Administration Institute's Retail Delivery '98 Conference. Page 20
CORPORATE FINANCE
Investment bank shares are up lately but none can match the performance of Jefferies Group. Page 29
In one of the quarter's most closely watched deals, J.P. Morgan is struggling with a $545 million highly leveraged loan connected to Bain Capital's buyout of Domino's. Page 29
MARKETS
Deutsche Bank agreed to buy Credit Lyonnais' Belgian unit, giving Germany's biggest bank a fourth European retail banking market, a person familiar with the situation said. Page 30
