Dealing the banking industry a heavy political blow, House Speaker Newt Gingrich said he will co-sponsor legislation to let credit unions accept more members. Page 2


BankAmerica is finding out that this is a tough time to exit the subprime lending business. Its subprime unit's debt has been downgraded and many other such businesses are on the block. Page 5


A Connecticut thrift, Stamford Federal Savings, is following its borrowers into New York. Page 8

A battle has broken out in Kansas over a state senator's proposal to eliminate the banking commissioner's authority to grant state-chartered banks the same powers as nationally chartered banks. Page 8


HOME EQUITY: The high-loan-to-value market continues to swell, but speakers at a Los Angeles conference said political controversies loom for the high-margin mortgage sector. Page 9


KeyCorp is marketing itself to corporate customers by nearly dropping its name from its ads. Page 10


SMART CARDS: Multos, the operating system that underlies the Mondex smart card, is gathering support and momentum from the technology community. Page 12


The best-performing bank-managed mutual funds come from institutions that feast on investment management-not from banks where the business is a side dish. Page 16


NationsBank's consumer investing executive is leaving to take over as president of Invesco Funds Group, the Denver-based mutual fund company. Page 26

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