Today's News

WASHINGTON

The Senate Banking Committee unanimously approved the nomination of Donna A. Tanoue to be chairman of the FDIC. Page 3

REGIONAL

Citicorp is continuing to carry out its restructuring program despite its deal with Travelers Group Page 4

MORTGAGES

For the third year in a row, Las Vegas tops the charts in expected growth of loans for home purchases, according to the MBA. Page 7

INVESTMENT PRODUCTS

Prudential Securities is joining the ranks of brokerages expanding into personal trust services, once a stronghold for banks. Page 13

CORPORATE FINANCE

Bankers need to rethink their approach to financing the rapidly growing assisted-living business, an industry consultant says. Page 14

FIRST-QUARTER M&A REVIEW

Some rich and sizable deals, by normal standards, were announced in the first quarter-just before a spate of megadeals in April. Stories focus on the Wamu deal; how the Banc One-First Chicago NBD merger would affect Columbus, Ohio; and on Fleet Financial's in-house merger expert. Stories, tables start on page 25

CARDS

PNC's credit card chief has resigned amid concerns that his portfolio was underperforming and produced too many losses in the first quarter. Page 15

DIGITAL FRONTIERS

ON-LINE BANKING: Now that Microsoft has quieted a good deal of discontent among financial institutions, it has a lot of restless software vendors' feelings to worry about. Page 16

MARKETS

In a move that could set a precedent for other U.S. institutions, State Street plans to open a separate bank for its European operations. Page 34

COMMUNITY Page 6

TECHNOLOGY Page 17

WEEKLY REPORT: INTERNATIONAL

The troubles of Indonesia, Malaysia, South Korea, and Thailand dampened the mood at a financial industry economic symposium. Page 10