Today's News

WASHINGTON

A Federal Reserve Board survey found that most banks are carefully scrutinizing whether their corporate customers have fixed any year-2000 problems. Page 2

If America'S Community Bankers and the Mortgage Bankers Association of America are not careful, they could be mistaken for regulators. Page 3

NATIONAL/GLOBAL

Chase launched its second major branding campaign in two years, costing the bank an estimated $65 million to $85 million. Page 5

International bankers are cautiously optimistic that China will grant foreign banks wider access to its market, despite the country's anger over NATO's bombing of its embassy in Belgrade. Page 5

TECHNOLOGY

Wall Street darling Sanchez Computer Associates has a technology agreement with IBM. Page 13

MORTGAGES

Cendant Mortgage has quietly become a force, largely on the strength of its telemarketing unit operating out of a New Jersey office park. Teams are assigned to the clients of institutional customers, including U.S. Bancorp and Merrill Lynch. "We want to be the back office to great names," said CEO Terence Edwards. Page 14

COMMUNITY/REGIONAL

Six men blaming anti-Polish bias for their ouster from a credit union board have won what seems like a small victory in their fight for reinstatement. Page 8

DIGITAL FRONTIERS

Citibank chose Asia to introduce an electronic corporate cash management service, which it plans to expand to Europe and elsewhere. Page 12

CARDS

Creditrust, which buys delinquent credit card accounts and tries to collect the debts, has agreed to buy a bank to issue its own cards. Page 17

INVESTMENT PRODUCTS

The SEC said it is looking for potential conflicts of interest as banks become bigger in the mutual fund industry. Page 18

Citigroup plans to roll out a 401(k) program that includes selected funds from the three families under its SSB Citi Asset Management Group umbrella. Page 21

MARKET MONITOR

earnings reports by Toronto-Dominion and Royal Bank of Canada met or exceeded the estimates of analysts in the United States and Canada. Back page

Can Newcourt Credit's bonds rebound from worries that its sale to CIT may be in jeopardy? Back page

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