In the wake of Asia's economic crisis, the comptroller criticized the weak standards of many foreign regulators. Page 2


The government will adopt a rule June 1 governing portfolio risk in bank investments, though compliance will not become mandatory until July. Page 5


Comerica will pay stock bonuses-$10 million worth in all-to most employees. Page 6

Citicorp, which drew fire with a checking account requiring a combined $6,000 to avoid charges, will briefly offer one with a $1,500 minimum. Page 7


The head of HomeSide Mortgage will be based Down Under for a few years helping National Australia Bank, its new parent, drive down servicing costs. Page 8


ELECTRONIC COMMERCE: Steeped though it may be in a certain religious tradition, Salt Lake City has never seen J. Scott Lowry's brand of brimstone. Mr. Lowry, a former banker and real estate dealmaker and in no way a technologist, literally rode down from the mountains east of the Mormon capital a couple of years ago in search of a new career challenge. Page 22


Morgan witter will provide Sunbeam with up to $2 billion to buy three appliance companies. Page 11

BankAmerica named a fixed-income trading chief in London to help prepare for Europe's single currency. Page 11


Instead of buying investment management firms, Amsouth helps set up independent ones and then partners with them. Page 14


A national employment agency has tapped Diebold to give temporary workers the option of being paid daily in cash. Page 21


Hewlett-Packard won U.S. government approval to export strong forms of data encryption. Page 23


PaineWebber shares plummeted more than 7% as speculation cooled that the company would be acquired. Back page

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