WASHINGTON

Banks are girding for battle as the government studies whether to force lenders to bid at auction for the right to make student loans. Page 2

The National Association of Insurance Commissioners is negotiating with federal and state banking agencies to share authority over companies that sell banking and insurance products. Page 2

REGIONAL

William Goodyear, the top BankAmerica executive in Chicago, said he would leave the company early next year. Page 6

Foreign banks are joining the name game-unifying their identities to bolster brand recognition in the United States. Page 7

COMMUNITY

The much-delayed public offering of a would-be bank holding company in California is back on course, courtesy of a rebounding stock market. Page 8

CARDS

Intervention by the OCC has added complexity to the legal dispute in Connecticut over ATM surcharges. Under Julie L. Williams, now the agency's chief counsel, the agency filed a brief on behalf of Fleet and First Union, which are seeking to overturn state rulings that bar ATM surcharges. Page 14

INVESTMENT PRODUCTS

A group representing 17 large banks will study how participants in 401(k) plans decide what to do withdistributions.

Citicorp brought a successful annuities underwriting business to Travelers Group when the two companies merged.

MORTGAGES

Alltel will help develop software to automate the property-tax side of mortgage servicing.

TECHNOLOGY

Bottomline Technologies, a New Hampshire-based developer of corporate payments software, hopes to raise $40 million in its initial public offering.

CORPORATE FINANCE

Banque Nationale de Paris recently got authorization from the Federal Reserve Board to create a U.S. investment banking subsidiary.

MARKET MONITOR

Retail sales rose in November for the fourth straight month, a sign of strength that may dissuade the Fed from further interest rate cuts.

Bank stocks are among the best bets in the market today, Salomon Smith Barney said.

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.