WASHINGTON The OCC named 15 new senior managers as part of its restructuring. Page 3 REGIONAL BANKING June 1 is the date when banking companies can combine their charters under new interstate branching laws, and a number of big banks plan to take advantage by centralizing their operations. Page 4 Florida-based Barnett is selling its southwest Georgia banking subsidiary. Page 4 COMMUNITY BANKING F.N.B. Corp. of Pennsylvania is planning its third Florida acquisition this year. Page 6 MORTGAGES most subprime mortgage lenders have been doubling and tripling originations. CIT Group's finance unit is more choosy. Page 12 The MBA is pushing to restructure Ginnie Mae II securities, but Ginnie's president says he'd rather enhance the loan program. Page 12 INVESTMENT PRODUCTS Scudder, Stevens & Clark snared an exclusive endorsement to market investment products through the American Medical Association. "Scudder has a broad lineup of products and services to bring to the AMA," says Mark S. Casady, chairman of its mutual funds group. Page 9 Maribeth S. Rahe, a longtime Harris Bank executive and one of the most prominent women in banking, is jumping to U.S. Trust as a vice chairman. Page 7 Fidelity Investments is slashing commission fees on certain on-line trades, part of the brokerage industry's move to reward its most active traders. Page 7 TECHNOLOGY ON-LINE BANKING: After several years of watchful analysis, NCR Corp. jumped into Internet commerce with both feet. Page 16 Microsoft's recent move to introduce a "virtual wallet" based on the Secure Electronic Transactions protocol could help consumers get more comfortable with electronic commerce. Page 17 MARKET MONITOR Bank analyst Anthony Davis, a four-year veteran of Dean Witter Reynolds, is moving to Dillon, Read & Co. Page 21 Bank stocks rallied after fresh evidence of low inflation led to renewed speculation that the Fed may not raise interest rates next week. Page 21 WEEKLY REPORT: INTERNATIONAL Chase Manhattan and J.P. Morgan have taken the lead on a $1 billion one- year loan for Telefonos de Mexico SA. Page 11
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