Today's News

WASHINGTON

Banking industry trade groups stand to lose hundreds of thousands of dollars each year from a Clinton administration proposal to tax investment income from trade associations. Page 2

Fed Chairman Alan Greenspan and Treasury Secretary Robert E. Rubin will again square off on financial reform this week. Page 4

NATIONAL/GLOBAL

Lenders that serve the retailing industry say they are not being hurt by the rash of bankruptcies in the sector. Page 6

A top analyst of Latin bank stocks left Warburg Dillon Read as part of a reorganization. Page 7

MARKET MONITOR

Shareholder activists are gathering strength as bank stocks stagnate and the volume of mergers dwindles. Seymour Holtzman, a prominent shareholder activist who is president of Financial Value Fund, said at a recent conference, "There will be more people like me" because of the environment. Page 25

The first major price reports of the year showed almost no inflation marring the nation's economy. The results should help calm fears that the Fed might raise rates. Page 25

COMMUNITY/REGIONAL

Though community banks continue to speed onto the information superhighway, few are finding the journey profitable. Page 8

Third FeDERal Savings of Cleveland is going after southern Ohio's biggest lenders by wooing mortgage customers with hot coffee and quick decisions. Page 8

TECHNOLOGY

American Management Systems has passed the $1 billion milestone in revenue. Page 9

INVESTMENT PRODUCTS

Evergreen Funds, First Union's $56 billion-asset mutual fund family, unveiled its first television advertising campaign. Page 11

Commonwealth Financial Network, a midsize Massachusetts broker-dealer, is inching into the business of providing brokerage services to banks. Page 11

CARDS

Hypercom has begun shipping its new-generation point of sale system, which offers faster transaction times and lets merchants advertise products while customers wait for authorization. Page 14

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