Today's News

David Graham

KENNETH TEPPER opened an Internet bank earlier this year and was promptly sued by the $77 billion- asset U.S. Bancorp. "Our conclusion was we must be doing something right." Page 8

THE NATION'S LARGEST THRIFT company is getting credit for breaking ground in the area of equal opportunity for women. Page 4

MORTGAGE TRADING on Wall Street is in a lull as investors ponder buying nonagency securities or wait for 2000 to jump into the conventional market. Page 10

IT'S NOT JUST the increase in job opportunities that is attracting brokers to banks. They also find banks increasingly attractive to work for, a study suggests. Page 14

A YEAR after buying Hilliard-Lyons, PNC is building up services to high-net-worth individuals. Page 14

UNREALISTIC EXPECTATIONS for new insurance sales programs continue to hinder bankers, a panel of bank and insurance executives warned. Page 15

THE FEDERAL Reserve Bank of Philadelphia is setting up a research center to cover the payment cards business. Page 19

INTUIT'S QUICKEN.COM Web site is adding a page where data on consumers' banking, brokerage, and credit card accounts can be gathered -- even accounts at different companies, if they agree. Page 20

SIXTY PERCENT of major banks in a survey said they offer corporate cash management services over the Internet, up from 27% a year ago. Page 21

ON-LINE brokerage stocks have made solid gains in the last two days, buoyed by industrywide trading volume and optimism over interest rates. Page 29

ATTORNEY H. RODGIN COHEN who has shepherded many major bank deals has been named chairman of his New York firm. Page 30

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