Telecommuting is becoming an increasingly popular option at major banking companies. Page 4

Regions Financial of Alabama is entering South Carolina with a deal to buy one-branch Greenville Financial. Page 4


With the stock market surging, mutual thrifts are finding the inability to offer stock options an increasingly serious obstacle to hiring and keeping employees. Page 6


BankAmerica and Great Western face a potential class action by California homeowners who allege the two failed to live up to their end of thousands of mortgage agreements. Page 8

Mixstar, a company that provides information to mortgage lenders over the Internet, retained a mortgage investment banking firm to advise it on a sale. Page 9


The House and Senate banking committees will delve into a variety of issues ranging from electronic commerce to financial modernization after Congress returns from its August recess next week. Rep. Marge Roukema will hold the first in a series of hearings on debit cards and Internet commerce Sept. 18. Page 2


INSURANCE: First Chicago NBD will launch a proprietary fixed annuity product by yearend. Page 12


CIBC Wood Gundy will bring to market a $300 million loan for a Czech aircraft builder. Page 13

Citicorp Securities has established a research group that will cover the syndications market. Page 13


VISA interactive, after protracted negotiations, was sold to Integrion Financial Network. Page 14


Concerns over credit quality have driven down the prices of credit card portfolios this year. Page 16

All Banc One's automated teller machines in Illinois will soon operate within the Cash Station network, ending a relationship with Magic Line. Page 16


SHARES of Banc One, which have languished since the company agreed to buy First USA, are poised to rally, a Dillon Read analyst says. Back page

Household International is about to become a player in subprime auto lending. Back page

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