Today's News

TECHNOLOGY

Corillian, an Internet banking firm, is using a mixture of its technology expertise and the banking credentials of CEO Ted Spooner to attract clients. The formula must be working: Two major regional banks have bought its on-line system. Page 22

WASHINGTON

The OTS is not trying to protect its turf by letting nonbanks establish thrifts, the agency's director said. Page 2

The Fed said that demand for mortgages and commercial loans remained strong throughout the country during the last six weeks, although spreads continued to fall on credit to quality borrowers. Page 2

COMMUNITY BANKING

The top official at U.S. Bancorp warned California community bankers that he expects his company and other big banks to steal their smaller brethren's commercial customers. Page 5

MORTGAGES

Money Store is denying rumors that it plans to discontinue its correspondent and home improvement lines. Page 12

Selling its mortgage bank would help GE Capital focus on its more profitable but shrinking mortgage insurance business, people familiar with the company say. Page 13

INVESTMENT PRODUCTS

Citicorp is offering investors a variable annuity with a guaranteed rate of return as part of a new program designed to help consumers plan for retirement. Page 14

CORPORATE FINANCE

Bankers turned out in droves Tuesday afternoon to hear details of a new $7 billion credit for Starwood Hotel and Resorts Trust - the largest credit to date for a hotel company. Page 18

MARKET MONITOR

Bank stocks fell sharply as investors became anxious about tepid fourth quarter earnings and mounting problems in Southeast Asia. Back page

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WEEKLY REPORT: INTERNATIONAL

The financial crisis sweeping across eastern Asia is unlikely to have an immediate impact on India, according to the chairman of the country's third-largest bank. Page 8

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