Today's News

WASHINGTON

The OCC has given a West Virginia bank permission to sell printing services to nonbank customers. Page 2

COMMUNITY

Many small banks will need to spend more than they have budgeted to correct year-2000 problems, according to a soon-to-be-released study by Grant Thornton. Page 7

MORTGAGES

Green Tree Financial has taken plenty of lumps in recent months, but a look back at its 20-plus years reveals that it has bounced back before. Page 8

CORPORATE FINANCE

Junk bond issuance is continuing at a torrid pace, as 16 new issues brought this year's total to $15.7 billion. Page 11

ABN Amro has put its name in place of the numerous regional brand names on its global investment banking unit. Page 11

REGIONAL

Merger turmoil is helping a Virginia supermarket banking venture bag deposits faster than expected. Thomas M. Garrott of Memphis-based National Commerce, which co-owns First Market Bank, projects $700 million of deposits for it by late 1999. Page 5

The planned combination of the stock transfer operations of State Street, BankBoston, and First Chicago NBD has heightened speculation that their two closest competitors would do something similar. Page 5

INVESTMENT PRODUCTS

INSURANCE: MetLife's newly acquired third-party marketing firm has an aggressive goal: to grow from a midsize seller of investment products through banks to one of the top five within two years. Page 12

TECHNOLOGY

Cybercash's Internet payment technology is struggling for acceptance, but analysts say the company's long-term prospects are looking better all the time. Page 14

DIGITAL FRONTIERS

ELECTRONIC COMMERCE: Internet businesses are beginning to rally behind a programming language that advocates think could speed the growth of Internet transactions. Page 15

CARDS

Total System Services is making big strides toward dominating card processing in Canada. Page 18

MARKET monitor

Investors may be kidding themselves into believing the Asian financial typhoon will blow over as quickly as Mexico's currency debacle did three years ago. Page 25

The lull in investor concern about Asia has been good for the domestic bank bond market. Back page

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