Today's News

WASHINGTON

The industry blasted a government plan to find out whether the 50 largest national banks are living up to Community Reinvestment Act promises. Page 2

The flip-flop by Congress on electronic delivery of federal benefits payments epitomizes policymaking at its worst. Page 4

REGIONAL

Pacific Century Financial's CEO says less than halfway through a two- year cost-cutting campaign, it is well ahead of schedule. Page 5

INVESTMENT PRODUCTS

The line dividing services offered to certain retail investors from those given the professionals is starting to blur at some brokerages. Page 8

For selling mutual funds, Atlanta's SunTrust looks no further than its 27-bank network in the Southeast. Page 10

COMMUNITY

Elouise Cobell is spearheading a suit against the Interior Department, alleging that it had lost billions of dollars owed to the nation's roughly 270 Native American tribes. It is being billed as the largest ever against the federal government. "We can't even name an amount," Ms. Cobell says. "But we know it's in the billions." Page 7

CARDS

While bankers may be wringing their hands about high credit card delinquency and chargeoff rates, Creditrust is celebrating its good fortune. Page 14

MORTGAGES

On-line bidding for mortgage loans appears to be a wave of the future for many large lenders. Page 16

CORPORATE FINANCE

U.S. bankers expect a revival of Latin America's leveraged debt markets, thanks in part to the $41.5 billion bailout package for Brazil. Page 19

Fleet was said to be close to a deal Friday for Sanwa Business Credit, the commercial finance unit of Japan-based Sanwa Bank. Page 19

TECHNOLOGY

With revenue growth slowing, Banctec said its chairman and CEO is planning to retire. Page 22

Hewlett-Packard has bolstered its Praesidium Internet security framework with the addition of two name-brand technologies. Page 23

MARKET MONITOR

A stock price bubble was created this fall when the Federal Reserve first cut interest rates, but central bankers had little choice but to press ahead, several economists say. Page 33

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