Today's News

DEUTSCHE EARNINGS rose a slender 1.3% during the third quarter, as it swallowed costs from its June acquisition of Bankers Trust. Page 4

COMMUNITY/REGIONAL

FAST-GROWING Gold Banc of Kansas announced three more acquisition deals. Page 6

AN OHIO community banking company said it was the victim of an "elaborate fraud." Page 6

INVESTMENT PRODUCTS

FIRST UNION has hired actuaries to design insurance products to suit its customers. Page 8

FEDERATED INVESTORS is building a model in Germany for future European expansion, and testing it with six new funds. Page 9

MORTGAGES

THE MANUFACTURED housing subsidiary of GreenPoint Financial has contracts to service $900 million of loans for two big banks. Page 10

PRISM said its earnings were flat, at $3.2 million, but matched the consensus estimate. Page 10

ELECTRONIC COMMERCE

IF THE HEAD of First Data Merchant Services has a regret about its entry into electronic commerce, it is that it did not happen sooner. "We felt a little bit late getting into the game," said Eula L. Adams, president of the First Data unit that processes card transactions for merchants. Page 14

TECHNOLOGY

MORE CONSUMERS think banks are ready for 2000, but the number planning to hoard cash has not declined, a survey shows. Page 11

ON-LINE BANKING

KEYCORP said it will provide free access to "premium content" from TheStreet.com. Page 13

MARKETS

INVESTORS were enthusiastic about Citigroup in anticipation of a noon announcement, but the spurt of excitement faded. Back page

FUND MANAGERS criticized Omaha's Commercial Federal for poor earnings and not putting itself on the block. Back page

BANKS HAVE a mixed record as sellers of insurance-related products. While making great strides in developing and selling their own annuities, they have struggled as marketers of life insurance policies. Mean-while, commercial insurance may be the great unrealized opportunity for many institutions.

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