Chase CFO Dina Dublon says the company is putting more emphasis on productivity. Units that do not make money must explain why or risk losing funding, she says. Page 26

WASHINGTON

Chairman Phil Gramm said the Senate Banking Committee will begin voting on financial reform legislation Feb. 25, but the committee's ranking Democrat called this timing "overly ambitious." Page 2

INVESTMENT PRODUCTS

Fleet plans to focus this year on selling its Galaxy Funds through third parties. Page 4

The U.S. banking operation of Industrial Bank of Japan is negotiating to buy two U.S. investment management firms, its president said. Page 5

DIGITAL FRONTIERS

SMART CARDS: When many in the smart card industry were fixated on stored value or electronic purse functions, Brian McKinney of Audesi Technologies had already gotten the multi-application religion. Page 6

CARDS

Mellon's plan to sell its consumer credit card portfolio raises the question: Is it worthwhile for midsize card issuers to compete against the giants? Page 7

MORTGAGES

HOME EQUITY: Saxon Mortgage Capital, the nonconforming lending unit of Dominion Resources-a major power and gas company - could be positioning itself for a loan expansion. Page 8

COMMUNITY

Fast-growing Banc Corp. of Birmingham, Ala., struck another deal, saying it will buy BankersTrust of Alabama for an undisclosed price. Page 10

TECHNOLOGY

The National Automated Clearing House Association is planning a pilot of check truncation in retail lockbox operations. Page 11

CORPORATE FINANCE

As syndicated lenders digest yearend volume numbers, a new debate is raging about which bank is No. 1. Page 17

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