Bank and thrift regulators will soon propose a modified Camel rating system that considers the risks of shifting market conditions. Page 2

Bank holding companies would be freed from overlapping state and federal securities regulations under a bill approved by the House Commerce Committee. Page 2


Great Western hired four former First Interstate executives to fill key posts in its retail banking division. Page 4

First Chicago NBD said it will offer Michigan and Indiana customers by early 1997 a low-cost checking account with a fee for using tellers. Page 4


Feeling cooped up by limited growth prospects, owners of the Linda's Flame Roasted Chicken franchise expanded into home-improvement lending. Page 8

TA Associates of Boston is to sell its remaining stake in Midcoast Mortgage to a Florida residential lender. Page 8


Delive rance for Californi a's suffering small thrifts might be at hand in the form of a crowd of buyers waiting for Congress to act on thrift deposit insurance . A rush on the Golden State's 51 savings and loans with less than $500 million of assets is seen as just around the corner. Page 6

Commercial Bank of New York, owned by the Safdie family, plans to buy United Mizrahi Bank and Trust Co., a New York unit of the Israeli bank company. Page 6


Mondex took a significant step at this week's Cardtech/Securtech conference toward joining the payment card industry's elite. Page 10


The National Operations and Automation Conference is dead. Flagging attendance persuaded ABA, its sponsor, to retire the name in favor of Solutions '96. Page 12


Bankers shouldn't feel threatened by American Express' latest venture into the investment products business, Amex executives say. But they are anyway. Page 13

Barnett Banks has hired Robert K. MacKenzie, a former Fidelity Investments executive, to run its rapidly expanding brokerage unit. Page 13


A strong April home building report depressed the Treasury's long bond, and that was all she wrote for the bank stock rally. Back page

First Union is diving headfirst into the growing mutual fund lending market. Back page

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