Today's News

NATIONAL/GLOBAL

A key dealmaker in banking mergers believes the next acquisition target for banking companies is the insurance business. Page 6

Bank One said it has broken off a deal for the futures business of Tullett & Tokyo, an international brokerage house based in London. Page 7

COMMUNITY/REGIONAL

A $1.3 billion-asset Maryland company, which has not made an acquisition since 1996, plans to buy seven Mellon branches for about $25 million. Page 9

INVESTMENT PRODUCTS

New England Funds, a Boston-based manager of 22 mutual funds, has hired a Fidelity Investments executive as its national sales manager. Page 11

MORTGAGES

Real estate brokers are using Internet services to broker loans themselves, say smaller mortgage companies that are feeling stung by this practice and other new technology. Page 12

WASHINGTON

The Senate has solved half of the puzzle on the financial reform talks- who its negotiators are-by appointing all 20 members of the Banking Committee. Speaker J. Dennis Hastert now must decide who will represent the House. And Sen. Phil Gramm said the bill could linger into the 2000 election year. Page 2

Do bankers really care about their customers' privacy? Their foot soldiers on Capitol Hill claim they do, but some following the debate over financial reform legislation are beginning to wonder. Page 4

CARDS

A woman's lawsuit to recover $70,000 she lost gambling on-line has prompted MasterCard to publish payment guidelines for Internet casinos. Page 14

A subsidiary of Household International plans to introduce what it says will be the United Kingdom's first Internet-based credit card. Page 15

TECHNOLOGY

Sanchez Computer Associates seems poised to benefit from two complementary trends in banking-outsourcing and the Internet-analysts say. Page 16

DIGITAL FRONTIERS

Electronic bill presentment and payment could generate $500 million for businesses that help billers get on-line, a Goldman Sachs analyst says. Page 17

MARKET MONITOR

The expansion of the nation's economy is a remarkable 100 months old and may finally be showing its age. Page 25

Bank One's second-quarter earnings report, viewed favorably by some analysts, drew a scathing report from one at Ryan Beck, who downgraded the company's shares to "hold" from "buy." Back page

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