LATIN AMERICA has not fully emerged from its deep recession but profits of U.S. banks operating there have been booming. Page 4

CONTINUING A STRING of small-bank deals, Wells Fargo plans to purchase Napa National Bancorp for $33 million in stock. Page 4

DRESDNER BANK said it will separate its investment and commercial banks but retain control of both. The restructuring is aimed at helping it achieve profitability goals, it said. Page 6 COMMUNITY/REGIONAL

THE HEAD of a California thrift company abruptly resigned amid differences with the board, according to industry sources. Page 7 MORTGAGES

FLEETBOSTON and Fannie Mae have begun a $2.5 billion partnership to foster affordable housing and community development projects. Page 9 WASHINGTON

DEMOCRATIC lawmakers are pushing legislation that would give regulators new powers over previously unsupervised derivatives dealers. The bill, sponsored by Rep. Edward J. Markey, attempts to fix problems that led to the near-collapse of one of the nation's largest hedge funds last year. Page 2

THE AMERICAN BANKERS Association is putting some high-powered talent together on a task force to study consumer financial privacy. Page 3 INVESTMENT PRODUCTS

CITIGROUP is teaming up with the Humane Society to launch a mutual fund that invests exclusively in animal-friendly companies. Page 10 CARDS

JOHN HANCOCK FUNDS is reorganizing its wholesale force to shore up slipping mutual fund sales. The bank channel will not be affected. Page 10

VISA ANNOUNCED a system development agreement with a Swedish cell phone company, underscoring its desire to influence payments using wireless devices. Page 12 TECHNOLOGY

HNC SOFTWARE of San Diego tapped into the dot-com stock frenzy, spinning off a subsidiary that raised $82 million in an IPO. Page 15 ON-LINE BANKING

TORONTO-BASED ING DIRECT says it will provide home fingerprint readers for verifying customer identity on-line. Page 16 MARKET MONITOR

A CAMPAIGN by California's Unionbancal to boost shareholder value is beginning to pay off. Page 29

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