WASHINGTON
A key privacy clause in the House's financial reform bill discriminates against small banks and should be cut, a community bank group said. Page 2
To help healthy institutions meet credit demands leading up to the century date change, the Fed said it would lend money at 150 basis points above the federal funds rate beginning Oct. 1. Page 2
NATIONAL/GLOBAL
Lenders to Iridium, the global satellite phone provider, may suffer the same fate as debtholders in Europe's Channel Tunnel project, analysts say. Page 4
The mayor of Salt Lake City is pleased with the planned merger of Zions and First Security, despite the threat of job cuts it brings. Page 4
Strong loan growth helped boost earnings at several midwestern banking companies. Page 6
COMMUNITY/REGIONAL
Three San Francisco Bay-area banking companies reported record earnings. Page 7
INVESTMENT PRODUCTS
Though most banks in a survey on insurance services rated their efforts as moderately successful or worse, the ABA Insurance Association is optimistic. Insurance is still in its infancy at most banks, and "you're seeing ... growing pains," said Larry LaRocco, who heads the group. Page 9
DIGITAL FRONTIERS Page 10
CARDS Page 11
TECHNOLOGY
Juno Online and WingspanBank.com, a subsidiary of Bank One, announced a five-year marketing alliance for credit cards and certain other banking services. Page 12
Banks have not distinguished themselves in using customer data to grab a competitive edge, but neither have others jockeying for position on the Internet, says the co-author of a book on Net strategy. Page 13
MORTGAGES
HomeBanc Mortgage of Atlanta has hired a former director of marketing for Coca-Cola to revise the its marketing strategy and create brands for various demographic groups. Page 14
When customers call Transworld Mortgage, they hear a recorded twang that one might expect in the company's Houston headquarters. But the calls may be answered in Nanjing, China. Page 14
MARKETS
Union Planters' stock dropped by as much as 2.5%, indicating investor concerns about a sharp year-to-year rise in nonperforming assets and prospects for slower revenue growth. Back page
