Today's News

WASHINGTON

As the Senate prepared to debate financial reform, Sen. Richard Shelby said he is crafting a bipartisan compromise on new powers for bank subsidiaries. Page 2

House passage of bankruptcy legislation this week is a given, but lenders need a huge margin of victory to get what they want from the three- year effort. Page 3

NATIONAL/GLOBAL

Antitrust authorities have launched an investigation into possible anticompetitive practices among underwriters of initial public offerings. Page 4

One year after its attempt to forge a merger deal with Mellon, Bank of New York is standing tall. Page 5

COMMUNITY/REGIONAL

As the health-care industry's star fades on Wall Street, physician groups are more likely to turn to local banks for financing and lines of credit, a consultant says. Page 8

INVESTMENT PRODUCTS

Some fund company executives are predicting the bull market will come to a grinding halt in a few years. Page 10

MORTGAGES

Standard & Poor's said it has created criteria for rating reverse- mortgage securitizations. Page 12

CARDS

American Express has introduced a platinum corporate card for senior executives at midsize and larger companies. Page 15

TECHNOLOGY

Pegasystems executives are hoping their earnings report, scheduled for Tuesday, will begin to repair some recent damage on Wall Street. Page 17

MARKET MONITOR

The U.S. economy, so remarkably strong for so long, could finally be on a collision course with higher interest rates. Page 29

STATE STREET's shares dipped following a rare investment downgrade of the widely admired Boston bank. Back page

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