Today's News

WASHINGTON

Senate Banking Chairman Alfonse D'Amato said legislation restructuring the financial services industry could be enacted this year. Page 2

REGIONAL

Stealing a page from airlines, which use frequent-flier miles to entice passengers, a Michigan bank has started a rewards program for its customers. Page 6

INVESTMENT PRODUCTS

Fleet has created two mutual funds, bringing its proprietary Galaxy family to 30 funds. Page 9

CORPORATE FINANCE

London-based Barclays Bank is retooling its U.S. investment banking division. Page 10

COMMUNITY

Small banks in Massachusetts could lose one-third of their customers if big-bank competitors impose automated teller machine surcharges, a survey suggests. Page 11

MORTGAGES

With its blockbuster deal for Green Tree, Conseco has signaled a renewed desire to diversify beyond its core insurance business. Page 14

TECHNOLOGY

First Virtual, once viewed as a pioneer of Internet payments and commerce, needs money and needs it fast. Page 16

Security-7 Software announced an enhancement to its SafeGate system, which is designed to protect computers from Java and other "active content" security threats. Page 17

CARDS

Like farmers locking in a wheat price to hedge against market fluctuations, banks may soon be able to offset risk in their credit card portfolios by purchasing futures on the Chicago Merc. Page 21

MARKET MONITOR

Trust services, mortgage origination fees, and the purchase of a small securities firm helped boost first-quarter profits 12% at SunTrust Banks. Back page

WEEKLY REPORT: SMALL BUSINESS

Merrill Lynch said it has updated its cash management account to let small-business owners better track employee retirement plans. Page 13