Today's News

EDWARD DUNN retired July 1 as Georgia banking commissioner but not before earning both sides' gratitude for helping resolve a tough political issue, bank branching across county lines. Page 8

WASHINGTON

A key GOP senator is taking on the agency that supervises the Home Loan banks. Sen. Lauch Faircloth hit proposals to make them help with community development, as well as the appointment of an "ultra-liberal" as an official of a Home Loan bank. Page 2

REGIONAL BANKING

A Pennsylvania consultant wants bankers to dress up more. Bankers' clothing used to convey security, he says. "Now everybody just does their own thing." Page 6

CREDIT/DEBIT/ATMs

A small Los Angeles thrift plans to supply the cash to feed a national network of ATMs and has found an end run around Fed restrictions. Page 10

CORPORATE FINANCE

Yet another bank is tossing its hat into the high-yield ring-Britain's Barclays Group. Its U.S. investment banking arm hired a junk bond veteran and plans to add a dozen bankers to its high-yield bond group soon. Page 13

MORTGAGES

Norwest Mortgage's capital markets chief is now named as a defendant in a lawsuit alleging "massive fraud" by a Prudential operation Norwest bought last year. Page 14

The owner of a Tampa mortgage bank is buying one in California and looking for more West Coast acquisitions. Page 14

TECHNOLOGY

Bank technology stocks generally held their own last week as other tech companies fell. Page 18

MARKET MONITOR

Do the high multiples in recent bank deals make sense? Wall Street dealmakers argue that they're not really so high when you consider price/book ratios for the buyers' stock. Page 25

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