CREDIT/DEBIT/ATMs: IF IMITATION is the sincerest form of flattery, then the credit card industry has been paid a high compliment by a baseball card company. Donruss, a leading manufacturer, has adapted the credit card format for a product it recently began shipping to stores. Page 14 THE FOUNDER and former chairman of SafeCard Services has sued American Express Co. Peter Halmos is carrying forward a legal battle that has raged since his ouster from SafeCard at the end of 1992. Page 15 WASHINGTON: THE HOUSE COMMERCE Committee approved Glass-Steagall repeal legislation, as details began to emerge on a Republican leadership initiative that would limit national bank insurance powers. Page 2 THE POSSIBILITY is fading that any taxpayer money will be included in the Clinton administration proposal to recapitalize the Savings Association Insurance Fund. The plan, expected this week, is unlikely to advocate spending billions in unused Resolution Trust Corp. funds. Page 4 REGIONAL BANKING: CHASE MANHATTAN is exiting the American depositary receipt business as part of a broader plan to eliminate peripheral operations. It expects to do better by focusing on core institutional trust products. Page 6 CREDIT UNIONS: PENTAGON FEDERAL Credit Union is concentrating on retaining its 418,000 members by cross-selling products and adding services as its military sponsors - the Army and Air Force - cut back. Page 10 TIGHT LIQUIDITY, which the industry faced last year, is expected to be relieved as lending dips and deposits flow into credit unions. But net income will suffer as the cost of funds increases. Page 11 INVESTMENT PRODUCTS: MARYANN BRUCE, who runs Oppenheimer Management's sales through banks, began flooding her clients with telephone calls last week. She hoped to avert a firestorm over the resignation of a star portfolio manager, John Wallace of the Main Street Income and Growth Fund. Page 12 COMMUNITY BANKING: IOWA FARMER John McNutt is a rural banker's dream: He believes a solid, long-term relationship with a bank committed to agriculture lending is worth more than a few basis points shaved off a line of credit. Page 21 MORTGAGES: TWO AGENCIES have oversight authority for Fannie Mae and Freddie Mac - to regulate different functions. But last week's report by the Office of Federal Housing Enterprise Oversight suggested that the regulators' paths will sometimes cross. Page 22

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.