REGIONAL BANKING

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

COMMUNITY BANKING

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

MORTGAGES

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

WASHINGTON

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

INVESTMENT PRODUCTS

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

CORPORATE FINANCE

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

TECHNOLOGY

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

CREDIT/DEBIT/ATMs

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

MARKET MONITOR

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

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.