The problem for financial reform may not be that the faces in Congress have changed but that the regulators are still the same. Page 2


A newly formed California bank holding company may shelve plans for a public offering and turn to private investors to fund two planned acquisitions. Page 7


Pioneer Group is expanding its presence in the bank distribution market with a deal to sell its funds through Amsouth's retail brokerage. Page 10

Broker-dealers can expect some organizational changes within months at the National Association of Securities Dealers, its chairman and CEO said. Page 11


Norwest Mortgage in Des Moines is retooling its third-party origination business. Page 14

Mortgage banking may be in for some rough times in the next 12 to 24 months, a veteran bank analyst says. Page 14


For the first time since 1990, Visa U.S.A. has a new board chairman. William Boardman, senior executive vice president of Bank One Corp., says, "We want to make sure that Visa changes with its changing industry" as it faces aggressive competition and margin pressures. Page 12


Bucking the bear market, New Era of Networks stock has skyrocketed this year, fueled by strong demand for the company's software that ties together disparate legacy systems. Page 17

Netscape Communications' entry into Internet bill payment and presentment has raised further questions about the role banks will play in providing this highly touted evolving service. Page 18


NationsBanc Montgomery Securities has given some additional clout to the chief of its equity derivatives business. Page 31


Bank stock investors historically have dumped their holdings at any hint of a downturn. But with many analysts arguing that banks have changed, stock buyers are sticking with the sector. Page 33

Investors expect the Federal Reserve to cut interest rates again Tuesday, but economists are not so sure. Page 33

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