BANKS AND THE WHITE HOUSE are expected to square off during a hearing that starts today on privacy provisions in financial reform legislation. Page 2


A longtime executive at Home Bancorp in Fort Wayne, Ind., is leaving to take the top job at River Valley Bancorp in Madison, Ind. Page 8


The asset management arm of Deutsche Bank has appointed sales executives for its four mutual fund families. Page 9


Bank of America says that next year it will begin testing software designed to let customers do their banking over wireless devices such as cell phones and Palm Pilots. Page 11

Demand for talented information technology employees will outstrip supply at least through 2003, says a new report from Meta Group. Page 11


Wells Fargo's chief executive, Richard Kovacevich, worries about the toll that its recent merger is taking on employees. "Everybody here would have been going full speed even without the merger," Mr. Kovacevich says. "This is times-two, and it's not sustainable." Page 7


Installation of Pegasystems software has been completed at Bank of America to resolve problematic wire transfer payments. Thirty of the world's largest banking companies use the software. Page 12


Fannie Mae has adjusted its procedure for securitizing mortgages with prepayment penalties, saying it hopes to give investors more information. Fannie is creating separate pools for securities with prepayment penalties of three years and five years. Page 16

Horses and buggies co-existed with cars, but not for long, says Daniel Gilbert, the chief executive officer of Rock Financial. The Michigan thrift company is closing most of its branches to focus on Internet lending. Page 17


Northern Trust reported net income up 14% over a year earlier, putting to rest fears that it would be hurt by a slowdown in the trust business. Page 25

State securities regulators in South Carolina are investigating the brokerage arm of Wachovia Corp., after a church complained that 10,000 shares of stock were sold against its wishes. Page 25

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