WASHINGTON

The new lineup of the Senate Banking Committee will boost community bankers' grassroots lobbying power at the expense of thrifts, according to industry lobbyists. Page 4

COMMUNITY BANKING

A Massachusetts holding company that has long sought to enter a wealthy Boston has found a way - by investing in a needy start-up bank. Page 5

A California bank is hoping an unusually large reverse stock split will pull its price out of the basement and boost its visibility to investors. Page 5

INVESTMENT PRODUCTS

The president of KeyCorp's insurance management unit resigned to accept an offer from an insurance company. Page 6

Wachovia is putting the finishing touches on an asset allocation program for young professionals with $100,000 to $500,000 in investable assets. Page 9

REGIONAL BANKING

Washington State is protesting BankAmerica's new ATM fees for noncustomers, calling them illegal and a form of predatory pricing. Page 11

MORTGAGES

A new wave of lawsuits filed in the last two weeks has lenders and brokers looking to HUD for help. If they don't get it, they say, the landscape of the mortgage industry could be radically changed. Page 12

Source One Mortgage Services has decided to sell $19 billion of its servicing rights to focus on subservicing. Page 13

CREDIT/DEBIT/ATMs

Hoping to prevent customer defections to larger banks, community institutions in New England are banding together to form a no-fee automated teller machine network. Page 16

The exhibit floor at the BAI's retail delivery conference, once the domain of the ATM industry, was dominated this year by companies hawking home banking. Page 16

CORPORATE FINANCE

It's Dresdner's turn. After watching Union Bank of Switzerland and Deutsche Bank build up their U.S. investment banking and corporate finance franchises, the second-largest German bank is making a similar effort. "We will originate a lot more on deals," says Patrick Connolly, "and will do a lot more to publicize our successes." Page 25

MARKET MONITOR

Stocks of large banks trailed the market on day of sluggish trading. Page 28

Derivatives traders are trying to make Latin America a safer place to invest. Page 28

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