a former Bank of America senior vice president as director. Page 2
NATIONAL CITY of Cleveland earned $357 million in the third quarter, a 4% rise. Officials blamed the mediocre showing on sale of some businesses and a dip in mortgage banking revenue. Page 4
AN ARIZONA BANKER who climbed from subsidiary president to vice chairman of Bank One will retire by yearend. Page 4
SAN DIEGO's community banking companies are fetching prices that their counterparts elsewhere can only dream about. Page 6
A BRANCHLESS bank launched recently by Carolina First expects to surpass its goal of opening more than 1,000 accounts a month. Page 17
CHASE MANHATTAN has redesigned its Web site with an eye toward becoming an aggregator of financial services. The bank wants to let customers build personalized Web pages using content provided by Chase, says senior vice president James Springer. Page 18
DEUTSCHE Asset Management Americas plans to beef up its index and quantitative strategy business with another 15 hires. Page 8
THE INDUSTRY is heading for a steep cyclical downturn next year, the Mortgage Bankers Association says. Page 10
HIGHER INTEREST rates may be bad for lenders, but so far they have been a boon to mortgage insurers, who are reporting earnings that beat Wall Street's expectations. Page 10
SALES of bank card portfolios picked up last week with two noteworthy deals, and experts say they expect more before yearend. Page 12
AN END to rising interest rates would almost surely prompt bank stocks to rally, but that prospect now seems ever more distant. Page 24
