The Supreme Court appeared likely to uphold lower-court victories for banking on the issues of regulatory goodwill and whether states can impose limit late charges and other fees assessed by out-of-state banks. Page 2

The Consumer Federation of America Wednesday accused an insurance trade group of undermining efforts to make state regulation of the business more uniform. Page 3


A new study by First Manhattan Consulting suggests that banks lack coherent strategies as they race to develop alternative distribution and customer-knowledge systems. Page 4

First Union has introduced a system for export-related documentation that lets a company use First Union as its primary bank for all its export collections, regardless of how the sales were made. Page 5


Residential lenders have been seeking new paths to profit in a hotly competitive business. In home equity, First Finance of Bloomfield Hills, Mich., run by Randall Sage, is one of a new breed that is giving the established specialists a run for their money. The angle: costly TV ads and very low overhead. Page 1.

Also pursuing the low-overhead route is Fidelity Federal Bank, Glendale, Calif., which has turned its branches into sales offices for products supplied by others. Page 10


Illinois banks and newspapers have reached a compromise in their battle over the publication of bank call reports. But nobody's too thrilled with the outcome. Page 6


Chase Manhattan has dropped the minimum account size in its private bank from $5 million to $1 million. Page 8


With little fanfare, the Federal Reserve Board approved a new rule that will free bank broker-dealers to extend credit on securities options. Page 12

A former thrift examiner who is now an executive at Glendale Federal Bank was preaching the value of internal audits and no-nonesense compliance management at a conference in San Diego. Page 12


Alex Sheshunoff's reassurances for small-town bankers bewildered by technology helped draw more than 250 to a pricey electronic money forum in Dallas last week. Page 16

In an effort to beef up its financial services and technology consulting services, Boston's Dove Associates hired two executives from a prominent competitors. Page 16


Money-center banks shook off the effects of rising interest rates in February and March, posting a solid rebound in trading revenues during the first quarter. Back page

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