WASHINGTON:
ANOTHER GROUP of banks with thrift deposits is mounting a lobbying campaign to get its tab for the Savings Association Insurance Fund rescue reduced. Page 2
REBUFFING a lower court, a federal appeals court in Chicago ruled that national banks with offices in small towns may sell insurance to customers anywhere. Page 2
REGIONAL BANKING:
REGIONS FINANCIAL Corp. moved to strengthen its franchise in northwest Georgia with a definitive agreement to acquire an $89 million- asset thrift. Page 4
INVESTMENT PRODUCTS:
MOST BANK BROKERS have a hard time selling variable annuities, says Alan Blank, national sales manager for American Skandia. So his firm has launched a training program to help them do a better job. Page 13
A NATIONSBANK money management subsidiary was thrown into turmoil after its chief executive and several officers quit to start a rival company. Page 12
MORTGAGES:
MORTGAGE INDUSTRY kibitzers are getting fidgety because there's not much hard news about which company or companies is likely to win the bidding for Prudential's home-loan unit. Page 10
MORTGAGE BANKERS, smarting from the consolidation that has cut their ranks, now have somewhere to turn - south of the border. Job opportunities are becoming available with Latin American lenders that want to emulate their U.S. counterparts. Page 10
COMMUNITY BANKING:
CONSOLIDATION, which is expected to halve the number of banks nationwide by the year 2000, will leave community banks largely unscathed, a survey says. Page 6
CRAIG HUDSON, executive director of the California Independent Bankers, maintains that his state's economy is not as bad as some make it out to be. Page 7
COMPLIANCE:
THE NEW procedures for CRA exams will be short and sweet, government officials said. No volumes of procedures to comply with, just some questions to answer. Page 9
TO IMPLEMENT the National Flood Insurance Act of 1994, six regulatory agencies will unveil proposed rules for comment next week. Page 9
CREDIT/DEBIT/ATMs:
THREE TECHNOLOGY companies are jointly taking up the cause of the multiple-application smart card. Page 14
TECHNOLOGY:
PREMIER SOLUTIONS, a provider of investment accounting systems, has agreed to acquire a firm that develops portfolio management software. Page 16
NATIONSBANK has hired Actuarial Computer Technology Inc. to manage the systems and operations functions of its record keeping services business. Page 16
FINANCE:
CONCERNS that derivatives trouble could spill over into other areas at Bankers Trust were heightened by the latest developments in Procter & Gamble's lawsuit over the bank's derivatives sales practices. Back page
ONE BANK's problem loan became the solution to another's facilities needs this week, when First Chicago bought a one-million-square-foot office building from a consortium of lenders led by Citicorp. Page 22
