Bankers Trust's former chairman, Frank N. Newman, resigned from Deutsche Bank. The move, effective today, was widely expected. Page 5


Countrywide, the big mortgage lender, says it is negotiating with brokers for alliances to boost sales of its mutual funds. Page 8

Franklin Templeton has plugged a product gap with two mutual funds aimed at the hot growth-stock category. But rolling out the product may be just half the battle. Page 9


Alliance Bancorp of Hinsdale, Ill., a Chicago suburb, says shareholders rejected a slate of dissident board candidates. Each side accused the other of planning to sell the company. Page 10


Home Equity: A new product from Wells Fargo is the most aggressive step yet in an industrywide push to increase home equity lending. Page 11


House Democrats pushed to toughen privacy provisions in the financial reform bill, allowing customers to block information sharing among bank affiliates. "The people's will ought to have a chance to at least be expressed," said Rep. Jay Inslee, D-Wash. Page 2

Banks preparing for the year-2000 rollover face three deadlines today under the federal government's timetable. Page 4


SMART CARDS: Gemplus unveiled a comprehensive security framework built around its chip card's ability to store digital certificates and cryptographic keys. Page 12

Motorola has been awarded a $24 million contract to develop an automated fare collection system for Amtrak. It will allow transmission of payment data from a moving train. Page 12


First Data has introduced an Internet program that lets banks take credit card applications, grant approvals, and get customers shopping within minutes. Page 13


Four software and consulting companies are teaming up to help corporations send electronic bills to customers via the Internet. Page 14


In the recent slide of bank and corporate bonds, brokerage bonds have fared best, powered by fresh reports of strong earnings. Page 22

The big banks that invaded New Jersey get most of the attention, but investors are starting to notice some smaller competitors there. Back page

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.