A MAJORITY of the nation's biggest banks and thrifts now sell investment products, a study finds, but bankers and observers are still somewhat hesitant to call them substantial earners. Page 11
THE ADMINISTRATION's defense of the CRA is based on the misguided belief that it benefits minorities, a paper from the Cato Institute says. Page 2
WACHOVIA has agreed to buy B C Bankshares of Canton, Ga., for $134 million in stock. Page 4
HF FINANCIAL in Sioux Falls, S.D., is shutting down its three-year-old credit card business after delinquencies forced it to charge off millions of dollars in fiscal 1999. Page 9
FORCING ON-LINE trading firms to comply with an NASD rule for determining whether an investment is "suitable" for a particular investor would open a Pandora's box, some bank brokerage chiefs said. Page 11
A COMPANY in Microsoft's backyard is bucking the trend toward smart cards and digital wallets by promoting an Internet security device for old-fashioned magnetic stripe cards. Page 13
BANKS ARE BEGINNING to use the Internet to cater to the traditionally underserved small-business market. Page 15
AMID THE CONCERN this week that the Fed might raise interest rates again, some think the central bank is actually being too lenient and risking an outbreak of inflation. Page 22
CHASE said it will relocate 10% of its New York City workforce, or 3,500 employees, to operating centers in Texas, Florida, and Massachusetts. Back page
