The Fed Chairman warned that the House financial reform bill would impose extra CRA requirements on banks entering new businesses. Page 2


Underwriters affiliated with U.S. banks continued to increase their share of the domestic IPO market last quarter, bringing 22 companies public-about 50% more than a year earlier. Page 4

SunTrust is conducting what one analyst called a "kinder, gentler merger" that includes plans to reduce its work force by just 1% this year. Page 5


A Las Vegas community bank says it is trying to track down nearly $2 million that it supplied to an independent operator of ATMs. Page 6

Florida lawmakers are considering a bill that would let more banks sell insurance. Page 6


A former Finet executive has started a subprime wholesale mortgage bank in Carlsbad, Calif., that takes a less-than-somber approach to the business. Page 7


Southeast Bankcard Association plans to offer Internet access to card data through a service from First Data Direct Banking. Page 11


Internet software built for Northern Trust's wealthiest private banking customers may be raising the bar on Internet banking expectations. Page 12

A bet by Sanchez Computer Associates that it could ease major banks off their mainframe-based core processing systems is paying off within ING. Page 12



Republic New York and Compass shares surged as investors speculated that the companies were up for sale. Back page

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