WASHINGTON:

FAILING to prevent the Chemical-Chase merger at the regulatory level, New York-based community activists have filed suit in federal and New York State courts in an effort to disrupt the deal.

Page 2

SMALL-TOWN bankers outflanked White House aides recently to crash a presidential dinner party, resulting in a friendly impromptu tete-a-tete with President Clinton.

Page 3

REGIONAL BANKING:

MIDSIZE BANKS, buoyed by robust loan growth and fee income, reported generally strong fourth-quarter earnings this week.

Page 5

KEYCORP IS CAPITALIZING on the spectacle that is the Super Bowl to launch a new slogan and a new image of itself as an affable, customer- oriented bank.

Page 5

COMMUNITY BANKING:

CALIFORNIA'S small-bank executives are attacking a report that blames the sector's recent problems on the state's weak economy and sour commercial real estate investments. Who do the execs blame? Bank managers.

Page 6

NEW YORK lawmakers Tuesday were poised to pass a bill opting in early to interstate branching and allowing out-of-state banks into the Empire State by buying a branch.

Page 7

INVESTMENT PRODUCTS:

GREAT WESTERN Financial has set up its growing retail brokerage as an independent company. James H. Overholt was named president and chief executive of the new brokerage.

Page 9

WITH MUTUAL FUND investors shifting from bond to stock funds, Aim Management is being transformed from a wallflower to a big winner in its market, doubling its sales during 1995.

Page 8

MORTGAGES:

GREAT WESTERN FINANCIAL, Washington Mutual, and other large thrifts reported solid 1995 earnings despite increases in their short-term funding costs.

Page 10

The former chief executive of Chemical Residential Mortgage is in the midst of a deal to buy a small St. Louis-based firm, Patriot Mortgage.

Page 11

CREDIT/DEBIT/ATMs:

The denial of a Toys 'R Us card to Fed Governor Lawrence B. Lindsey was a crushing blow to statistical credit scoring systems and an embarrassment to bankers.

Page 12

AMERICAN EXPRESS complained to the European Commission that Visa had employed anticompetitive tactics by seeking to prevent member banks from issuing other brands of cards.

Page 13

TECHNOLOGY:

THE NEW Electronic Federal Tax Payment System will increase administrative burdens for corporate taxpayers and impair their cash management practices, according to a prominent trade organization.

Page 14

THE ALLIANCE of transaction processor Verifone and Internet software developer Netscape helps allay bankers' fears that they might be ignored in the world of cyberbanking.

Page 14

FINANCE:

ANALYSTS slashed by more than 8% the earnings forecasts for Bankers Trust New York Corp., in the wake of the firm's disappointing earnings for 1995.

Back page

The latest accounting proposals for derivatives deals could force the development of new risk management products to replace common interest rate swaps.

Back page

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.