Today's News

September 25, 1997, 1:00 a.m. EDT 1 Min Read

MICHAEL KEEGAN has credit cards, British politics, and punk rock in his background. All those experiences help get him through the day as chief executive officer of Mondex International. See page 18.

WASHINGTON

Fed Governor Laurence H. Meyer urged Congress to refrain from imposing new restrictions on debit cards and unsolicited loan checks. Page 2

COMMUNITY BANKING

An Illinois trade group plans to act as matchmaker between capital-rich community banks and bankers searching for cash. Page 5

REGIONAL BANKING

Two acquisitive regionals, Zions of Utah and Regions Financial of Alabama, have multibank deals to strengthen market share in competitive states. Page 6

NationsBank chief executive Hugh L. McColl said this week that his company is ready to take a break from making large acquisitions. Page 6

INVESTMENT PRODUCTS

Fidelity has beefed up its bank wholesaler staff to capitalize on the improved performance of its funds. Page 8

CORPORATE FINANCE

First Union's high-yield group is beginning to hit its stride. Page 10

MORTGAGES

Gearing up to enter subprime mortgages, Source One Mortgage Services hired a Beneficial Corp. expert in the business as CEO. Page 16

CREDIT/DEBIT/ATMs

Customer information and the ability to mine it will be the bank card industry's best defense against nonbank competitors, an ABA card conference emphasized. Page 20

TECHNOLOGY

Windows NT or OS/2? Two Virginia rivals went opposite ways in deciding which to use as the primary operating system for their computer servers. Page 22

MARKET MONITOR

Shares of Bankers Trust dipped after news broke of Travelers Group's plan to buy Salomon Inc. Back page

WEEKLY REPORT: INTERNATIONAL

Classical musicians invest years of their lives to perfect their artistry. Now banks are being asked to invest a few million dollars in their classic instruments. Page 12

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