Senate Banking Committee members are mulling a compromise to break the latest logjam on financial reform legislation, but it is unclear whether the deal is sweet enough to entice either Republicans or Democrats. Page 2

Prospects for bankruptcy reform legislation remained unclear, but a Senate vote could come as early as today. Page 2


Union Planters' president said that the Memphis bank's deal for some of First Chicago NBD's Indianapolis holdings is a "logical extension" of its expansion strategy. Page 4

TO WOO customers away from merging competitors, Sanwa Bank California plans to reintroduce a free-checking offer. Page 4


FBOP Corp., a family-owned Chicago-area banking company, said it has agreed to buy Calumet Bancorp of Dolton, Ill., for $111.6 million in cash. Page 6


Hypercom has attached to its software products group a brand name, Ascendent, that it hopes also describes where its business is headed. Page 9


Mutual fund companies are having a harder and harder time finding qualified wholesalers to pitch their products to bank brokerages as demand for these salespeople grows. Page 10

CHARLES SCHWAB & Co. is offering some tips to worried investors looking to get into money market mutual funds. Page 10


Banc One and First Chicago NBD have moved quickly on the systems integration front, making several key decisions within five months of their merger announcement. Page 12

Cantor Fitzgerald and New York City's Board of Trade launched their controversial Cantor Financial Futures Exchange, a new electronic Treasury futures trading platform. Page 12


Companies that pulled junk bond issues last month are now looking at the leveraged loan and venturecapital markets for alternate sources of funding. Page 21


Bank of Montreal said its proposed merger with Royal Bank of Canada would establish a new bank serving small and midsize businesses that would double lending to $26.2 billion. Back page

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.