Today's News

NATIONAL/GLOBAL

Firstar's Integration with St. Louis-based Mercantile is moving forward at record speed, analysts said. Page 3

COMMUNITY/REGIONAL

The Ohio bank commissioner's office has rejected GLB Bancorp's bid to buy Maple Leaf Financial on the grounds of GLB's poor earnings. Page 5

TECHNOLOGY

banks and Nacha are working on a Worldwide Automated Clearing House that would rely on Internet protocol to create a global payment network. Page 8

Fleet and Comerica are relinquishing their ownership stakes in the Integrion Financial Network by cashing out stock warrants in Checkfree. Page 8

Northern Trust of Chicago is delving into new Internet territory with a Web-based foreign exchange trading service. Page 9

WASHINGTON

The Senate Finance Committee voted 20 to 0 to confirm Lawrence H. Summers as Treasury secretary. Mr. Summers told the Senate Banking Committee he "strongly" supports financial reform if it protects the CRA, safeguards consumers, and lets banks conduct nonbank activities through subsidiaries. Page 2

Federal Reserve Board Governor Laurence Meyer singled out large banks for increased scrutiny in a speech on banking regulation. Page 2

INVESTMENT PRODUCTS

Capital Group, which never advertises, may be in for more media exposure as Goldman Sachs goes shopping for an asset management company. Page 10

DIGITAL FRONTIERS

SMART CARDS: Emerging markets are giving smart cards room to grow. Mondex announced a move into South Korea, and Proton into Africa. Page 11

CARDS

Bull, Gemplus, and Schlumberger were in the spotlight at last week's Java One event, showing advances in the Java language on cards. Page 14

MARKETS

National City offered to buy the 12% of National Processing it does not now own. The widely expected bid sent National Processing's stock soaring. Page 22

A glowing newspaper report about Chase had little impact on the bank's stock price as it fell more than the S&P's bank index. Back page

DaimlerChrysler said it would combine its existing credit lines into a $17 billion package to be syndicated by Chase and Deutsche Bank. Back page

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