Armed with a study that uncovered lingering problems with mutual fund and annuities sales disclosures, Comptroller of the Currency Eugene A. Ludwig is pressing banks to rethink their approach.

The comptroller's study, based on a review of marketing materials submitted voluntarily by 700 banks, found that a sizable minority failed to provide consumers with written explanations of investment risks. The findings run counter to some studies done for the banking industry. (See related story, page 24.)

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