WASHINGTON Check cashers and other nonbank competitors would have to comply with anti- laundering rules under a new Treasury Department proposal. Page 2 REGIONAL BANKING NationsBank has been charging $1 to accept some deposits and is now expanding the program. Page 5 More bankers who lost their jobs last year have found better opportunities outside the industry. Page 6 CREDIT/DEBIT/ATMs Legislation has been introduced in two states to limit how credit card companies market on public college campuses. Page 7 Advanta has rate and fee increases in the works that are likely to make cardholders mad. Page 7 COMMUNITY BANKING With their differences fading fast, New Jersey's banks and thrifts are considering joining forces. Page 12 The CEO of CB Bancshares, Hawaii's second-largest community bank, is seeking to slash costs and revive profitability. Page 13 MARKET MONITOR Investors this year have been rewarding revenue growth. As a result, shares of State Street, with a revenue-generating securities processing business, have soared while shares of more profitable banks, like CoreStates Financial, have languished. Back page The nation's top 50 banks could forfeit a year's worth of earnings growth if the economy turns down and more loans go sour, warned a Wall Street analyst. Page 22 MORTGAGES In a recent filing with the SEC, Washington Mutual disclosed that if it buys Great Western Financial it plans to sell $1 billion of home loans Great Western originated from 1989 to 1993. Page 10 Moody's lowered ratings on about $300 million of Source One Mortgage's securities, saying the company's buildup in subservicing may not be sustainable. Page 11 INVESTMENT PRODUCTS Morningstar's mutual fund rating system is proving a boon to bank investment sales programs, a prominent bank fund executive said. Page 14 INSURANCE: First Chicago NBD is throwing its weight behind insurance sales. Page 15 TECHNOLOGY A Canadian software company has claimed a breakthrough in client-server computing by proving that a big bank could run its entire computer infrastructure on four server computers. Page 16 Two big Canadian banks have begun using new software that lets corporations apply for and amend letters of credit electronically. Page 17

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.