WASHINGTON

Rallies were planned today in a dozen U.S. cities to protest HUD policies that a consumer group blames for a sharp rise in foreclosures. Page 2

REGIONAL

Debt refinancing and merger-related charges created a fourth-quarter loss of $55 million at Golden State Bancorp, the company said. But analysts were pleased with the results. Page 5

COMMUNITY

Heritage Commerce of San Jose, Calif., named a new chairman to help spearhead its expansion efforts in the Bay Area. Page 7

CARDS

A Citigroup UNIT, already the dominant processor of electronic benefits transactions, beat out Deluxe for a contract awarded by Maryland. Page 13

TECHNOLOGY

Electronic bill payment, overshadowed by the hype about electronic bill presentment, is getting renewed attention. Page 14

INVESTMENT PRODUCTS

the CEO of DLJ Direct has a long agenda, but morphing the firm into a bank is not on it. Page 16

CORPORATE FINANCE

Mary Watkins, head of loan syndications for J.P. Morgan, is now running the bank's private-client business in Palm Beach, Fla., a spokesman said. Page 25

Cullen/Frost Bankers, which would become the second-smallest U.S. banking company with a securities subsidiary, plans to provide equities and other capital markets products to Texas companies. Page 25

MARKETS

PNC Shares should hit $59 within 12 months as the company culls earnings from faster-growing, high-return businesses, a Merrill Lynch analyst says. Page 26

Some of the largest banks surged back into the market to repurchase their shares during the fourth quarter, reversing the downward trend of recent quarters, market experts said. Back page

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