WASHINGTON

Federal regulators issued their harshest warnings yet on subprime lending. Page 2

President Clinton signed legislation making it easier for the Small Business Administration to guarantee year-2000-related loans. Page 2

COMMUNITY/REGIONAL

When H. Donald DeMatteis retires as superintendent of the Maine Bureau of Banking in June, he will leave behind a 20-year record of innovation and, in bankers' estimation, "common sense." Page 7

Boston Bank of Commerce raised its bid for New York's Carver Bancorp to nearly book value. Page 8

INVESTMENT PRODUCTS

INSURANCE: CCB Financial of Durham, N.C., is spurning strategies many other banking companies have used in building insurance sales operations. Page 9

CARDS

As Visa U.S.A. looks ahead to the fifth year of its National Football League sponsorship, the future of the marquee alliance is up in the air. Page 14

NATIONAL/GLOBAL

The chairman of Bank One's capital markets group said he is hoping for a bonanza in sales of debt and equity products to the Chicago-based company's 40,000 commercial customers. "The power of this franchise is penetrating existing customers," F. Gerald Byrne said. Page 4

At the third annual diversity career fair sponsored by the Urban Bankers Coalition, candidates said the financial services sector has been embracing them as never before. Page 5

MORTGAGES

Bear Stearns has developed a new mortgage valuation model that gives investors detailed loan-level information about securities backed by nonagency mortgages. Page 11

Amresco said that it has retained Goldman Sachs to help it in its six- month struggle to find capital. Page 12

DIGITAL FRONTIERS

ELECTRONIC COMMERCE: Former Visa International official Eric Wun has joined Cybersource as vice president of operations. Page 16

TECHNOLOGY

Credit risk management software that Royal Bank of Canada Dominion Securities installed five months ago is paying off. Page 17

MARKETS

Goldman Sachs analyst Robert Hottensen delights in uncovering industries that are not getting a lot of attention from Wall Street. His latest find: specialty finance companies. Page 26

Is BankAmerica angling to buy Harris Bankcorp? That's what a published report said, but many observers are scratching their heads about the idea.Back page

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