Foreign banks have gone on a spending spree in the United States, paying out more than $25 billion last year, according to a study. Page 2

The Consumer Federation of America said that banks should try new ways to help low-income families save money. Page 3


A South Carolina court dismissed a shareholder lawsuit that alleged three Carolina First executives had unfairly profited from a deal with a technology start-up firm. Page 6


A surge in refinancings in the second half has put the mortgage industry on track to exceed its 1996 origination volume. Page 7

The residential mortgage real estate investment trust market continues to heat up, with four companies conducting initial public offerings in six weeks. Page 7


While Wachovia prepares to apply for securities underwriting powers, the executive who led its capital markets buildup is preparing to leave. Page 9

As the leveraged buyout industry fattens to record dimensions, Chicago's Golder, Thoma, Cressey, Rauner is slimming down by splitting itself in two. Page 9


AT&T's credit card unit is up for sale, but that has not stopped it from launching its first major advertising campaign in four years. Page 10

The credit and debit card veteran whom Fujitsu-ICL Systems has tapped to run its automated teller machine business in the Americas says her mission will be to develop a long-term strategic plan. Page 10


CoreStates' merger deal was a blow to companies that sell the bank technology services or hoped to do so. First Union executive Austin Adams says decisions should come fast on a big CoreStates contract with Andersen Consulting. But GE Capital apparently lost an assignment that was just within reach. Page 11

Intuit and CNN Financial Network announced a five-year partnership to provide personal financial software and news on a cobranded Web site. Page 11


Wells Fargo's shares soared after its chairman and chief executive officer said that the company would consider a takeover if the price was right. Back page

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