WASHINGTON

President Clinton vowed to veto the financial reform bill authored by Sen. Phil Gramm unless he makes significant concessions, including strengthening its community reinvestment requirements. Page 2

COMMUNITY/REGIONAL

The chairman of a small family-owned New Mexico bank handed over day-to- day management to his 22-year-old daughter. Page 8

CARDS

As lenders brace for more losses from bankruptcies, companies that help flag risky customers are having a field day. Page 9

Despite the rapid spread of off-premises ATMs, the potential for further in-store deployments remains enormous, writes NCR executive Bill Koch. Page 11

MORTGAGES

Environmental insurance is growing more popular among commercial real estate bankers as an alternative to costly environmental studies, with First Union leading the way. Page 15

NATIONAL/GLOBAL

Walter V. Shipley, the chairman and chief executive officer of Chase Manhattan, has told analysts that he plans to retire by Nov. 2, 2000, his 65th birth-day. The statement has raised speculation that a successor will be named by the end of this year. Page 5

A top official at India's second-largest bank, Bank of Baroda, said it is hoping to expand into insurance and mutual funds. Page 6

INVESTMENT PRODUCTS

General Electric's investment and insurance arm is building up its mutual fund lineup and planning to increase bank sales. Page 12

Most sophisticated investors are unenthusiastic about President Clinton's proposal to use the stock market to shore up Social Security, a Quick & Reilly survey suggests. Page 12

DIGITAL FRONTIERS

ON-LINE BANKING: First Union is opening up a lead in letting customers receive and pay bills through its Web site. Page 16

Wells Fargo is bolstering its on-line brokerage service with individual retirement accounts. Page 16

TECHNOLOGY

A hundred community banks are scrambling to secure new outsourcing arrangements because their data processing supplier, a unit of the former Firstar, is being closed down. Page 17

MARKETS

U.S. Bancorp, which has been one of banking's strongest earners, could fall short of Wall Street expectations next year, an analyst cautioned. Page 26

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