The House Banking Committee approved legislation that would make it a federal crime to trick a bank into divulging private customer information. Page 2


Expanding into a new area of securities processing, Bank of New York said it would purchase an 80% stake in Everen Clearing for an undisclosed sum. Page 5

SunTrust is forging ahead with plans to make Crestar Financial one of its own. Page 6


With no set post-merger plans for the investment services business, Wells Fargo and Norwest are eachcontinuing with existing initiatives. Page 7


Banks offering insurance will have a tough time persuading small- business owners to buy policies from them, a study suggests. Page 10


With bank asset declines in Japan offsetting gains in North America and Europe, the world's top 100 banks last year posted their slowest growth in more than 10 years, an American Banker survey found. "Flat assets at international banks is largely a function of securitization," says Nancy Bush, a Ryan, Beck analyst. Page 18


Webster Bank of Connecticut, which a year ago was expressing high hopes about its credit card business, has beaten a retreat. Page 12

Hypercom is moving to turn up the speed of point of sale transactions. Page 13


ON-LINE BANKING: One-third of Internet users who manage their investments on-line said they mostfrequently turn to AOL Personal Finance, a New York market research firm found. Page 14


Banks in the small-business market are facing increasing competition. Page 15


Donaldson, Lufkin & Jenrette, the undisputed king of the high-yield market, is diversifying its business to offer clients true one-stop shopping. Page 33


Loan demand remained strong last month, with banks competing intensely for quality borrowers, the Fed said. Page 34

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.