A panel reviewing the bankruptcy code recommended making it tougher for credit card companies and secured lenders to recoup debts. Page 2

Donna A. Tanoue, a former commissioner of financial institutions in Hawaii, has emerged as the leading candidate for FDIC chairman. Page 2


Four years ago Gloria Michaels gave up her waitressing job and went on welfare. Now she's a teller at Harris Bank in Chicago-which, like a growing number of banks, is turning a social problem into a staff resource. Page 4


Paul Dorfman, new chairman of Robert Morris Associates, the loan officer trade group, doesn't want to seem an alarmist, but .... "Things look very good," concedes the BankAmerica executive, but "the business cycle has not been repealed." Page 20

Westinghouse/CBS chairman and CEO Michael Jordan says broadcasting companies will increasingly tap the public rather than private markets for financing. That will give the investment community an opportunityto get in on megadeals, the former Clayton Dubiler partner says. Page 20


The millennium is looming, and along with it possible computer chaos. But many community banks apparently haven't noticed. Page 6


The new lead examiner for Fannie Mae and Freddie Mac says he is determined not to let them succumb to pressures to compromise credit standards. Page 8

PaineWebber is teaming up with Freddie Mac to make securitization easier for smaller lenders. Page 8


Jack Henry & Associates, which specializes in core data processing software, has bought an Arkansas company that sells payroll processing software. Page 14


THIS SUMMER's deal prices may look rich, but by some measures they are bargains. Page 26

The huge price Barnett Banks fetched from NationsBank could unleash a flurry of selling as banks decide that now is the time to cash out. Page 26


buoyed by comments from Fed Chairman Alan Greenspan, bank stocks sharply outpaced the rest of the market. Back page

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