THE OCC is defending itself against charges that it should have acted sooner to rein in a bank that was shut down amid charges of fraud. Page 2

SIDING WITH the OCC, a U.S. Court of Appeals panel decided that states may not regulate ATMs operated by national banks. Page 2


WELLS FARGO is in talks with supermarkets in the Midwest to open in-store branches in markets that were served by the former Norwest. Page 3


A MICHIGAN BANK has uncovered a check-kiting scheme that could cost it $3.9 million this quarter. Page 5

SOME SHAREHOLDERS at New York's Haven Bancorp are fuming that the thrift company passed up chances to sell, and are demanding that it find a buyer. Page 5



NAT CITY's brokerage hopes to turn football fans into investors by expanding the bank's marketing effort with the Cleveland Browns. Page 7

MASSACHUSETTS Financial Services is the latest fund company to let investors shop on-line for additional shares of mutual funds. Page 7


CHASE's mortgage subsidiary is close to a deal that would give it top dollar for a $9 billion portfolio of servicing rights. Page 8

A HANDFUL of mortgage lenders are looking skyward with frequent-flier incentives. Page 8


SUN MICROSYSTEMS' deal to buy Star Division is a bid to transform the way basic software packages are used and procured. Page 10

ELECTRONIC communications networks for stock trading will experience a tremendous growth spurt, but peter out within a few years, Meridien Research predicts. Page 10


MICROSOFT AND INTUIT have released new versions of their personal financial management software. Page 11

PRINCIPAL BANK, an Internet offshoot of an Iowa insurer, has installed software to speed the processing of deposit applications. Page 11


NATIONAL CITY said it intends to open a corporate banking office in Philadelphia with a former officer of CoreStates at the helm. Page 18

U.S. BANCORP struck its third deal this year in Southern California, saying it would buy Peninsula of San Diego for $104 million in stock. Back page

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