Today's News

WASHINGTON

The OCC is planning to increase its oversight of how banks manage technology. Page 2

REGIONAL BANKING

Because of rapid industry consolidation, executives, directors, and shareholders are increasingly aware that the companies they sell could subsequently be bought, giving investors a so-called double dip. Page 5

COMMUNITY BANKING

First Dakota has found a way to help other community banks sell farm loans on the secondary market-and make extra money to boot. Page 6

CORPORATE FINANCE

Fleet will finance a $230 million shopping mall project adjacent to the Aladdin Hotel and Casino in Las Vegas, according to developers. Page 7

CREDIT/DEBIT/ATMs

Chips in cards are not just about banking, MasterCard International president Robert W. Selander said after his visit last week to the World Economic Forum in Davos, Switzerland. These technologies are "causing changes in many industries," he says. Page 15

INVESTMENT PRODUCTS

The New York State Bankers Association is considering proposing laws that would make the state more friendly to trust companies. Page 8

MORTGAGES

Analysts who spent most of this decade awaiting a tidal wave of mergers among California's thrifts saw their patience rewarded last year. Now they're mounting the merger vigil in metropolitan New York. Page 12

TECHNOLOGY

Microsoft is bringing securities under its financial services computing framework with an extension of a product introduced to banks in December. Page 18

MARKET MONITOR

Anxiety over Asia's financial woes has subsided among investors, but few Wall Street economists think the continent's troubles are over or their U.S. economic impact yet understood. Page 25

WEEKLY REPORT: SMALL BUSINESS

USAA Savings Bank will enter the small-business market by offering loans and small-company credit cards by the end of the year, executives said. Page 10

KeyCorp learned to be cautious about alliances after USF&G, its partner in a joint venture, announced it was being acquired and backed out of a deal. Page 11

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