Today's News

WASHINGTON

A few Harvard students walked out on commencement speaker Alan Greenspan. But those students might have been surprised by his comments. Page 2

House leaders are seeking a final floor vote on the financial reform bill by July 4, but the privacy fight could prompt a delay. Page 3

NATIONAL/GLOBAL

Mergers between investment and commercial banks are getting easier to accomplish, bankers at the International Monetary Conference said. Page 4

Banks' chances of recovering on a defaulted loan are better when bank loans are a smaller portion of a bankrupt firm's total debt, a new study finds. Page 5

COMMUNITY/REGIONAL

Bankers are being urged to build up cash reserves by Thanksgiving to prepare for nervous customers as New Year's Day 2000 approaches. Page 9

INVESTMENT PRODUCTS

Bank of New York is on the lookout for acquisition opportunities in investment management, an executive said. Page 11

MORTGAGES

The Australian mortgage market continues to gain momentum as outsiders position themselves in a country with a high homeownership rate. Page 12

DIGITAL FRONTIERS

Ebank.com will focus on small-business customers when it opens June 30. The Web bank also plans to open 24 branch offices. Page 14

TECHNOLOGY

HNC Software has announced the formation of eHNC, a division designed to harmonize on-line strategies across its various markets. Page 15

MARKET MONITOR

Huntington Bancshares is becoming a favorite pick among investors who are betting on the next bank merger target. Page 24

Already battered bank and financial stocks retreated further last week amid continuing investor wariness about interest rates. Page 30

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