WASHINGTON
The House has scheduled a second showdown on financial reform legislation for May 13. Page 2
COMMUNITY
Federal regulators plan to keep closer tabs on banks that operate branches under different names. Page 6
Thanks to a risk-sharing deal, Chicago's Shorebank bought Omnibank, a failed, minority-owned bank in suburban Detroit, from the FDIC for $154,000. Page 6
MORTGAGES
Freddie Mac unveiled its version of a program to enable low-income borrowers to purchase a home without down payments from their own pockets. Page 7
James A. Johnson's decision to step down as chairman of Fannie Mae at yearend has Washington buzzing about what he might do next. Page 7
REGIONAL
The next step for merger partners Banc One and First Chicago NBD is to further sort out management, a daunting task considering the companies do not want to lose top talent. W.G. Jurgensen, who led the integration of First Chicago with NBD Bancorp, will be displaced from the credit card unit, but most observers predicted he would land elsewhere in the new company. Page 4
INVESTMENT PRODUCTS
Bankers Trust will roll out a computer system for delivering account information to global custody clients this year. Page 8
CORPORATE FINANCE
A New York State judge threw out a request by Loan Pricing Corp. to issue a temporary restraining order against one of its competitors, Intralinks. Page 9
CARDS
American Express' Optima True Grace card-once touted as a landmark product-has come to a quiet end. Page 11
Collective actions by groups of technology providers almost overshadowed the more conventional jostling for attention by vendors at a smart card trade show. Page 13
TECHNOLOGY
Fleet Financial upgraded its affiliation with the Electronic Check Clearing House Organization to full membership. Page 15
MARKETS
Insider sales at American Express and American International Group have dropped to almost nothing since September-a change that would be consistent with reports of merger talks between the two. Page 22
