Today's News

WASHINGTON

The FDIC approved a rule that will make it easier for the banks it regulates to operate overseas. Page 4

COMMUNITY

BankAtlantic, Florida's largest independent savings bank, is forecasting lower-than-expected earnings this quarter. Page 5

MORTGAGES

Fannie Mae introduced an on-line loan accounting system for reverse mortgages. Page 7

INVESTMENT PRODUCTS

Several brokerage firms and insurance companies entering the personal trust business are getting help behind the scenes from Mellon. Page 10

Mellon is looking to build a defined-contribution sales force, a senior official says. Page 10

REGIONAL

Having chopped back staff and branches in recent years, KeyCorp is now on a market segmentation kick. A main target is its million customers in the 45-and-over "mature market;" KeyCorp is studying them for ways to get their investment and retirement business. Page 8

CORPORATE FINANCE

Amresco, the Dallas-based real estate lender, is teaming up with Spain's largest bank to buy, service, and manage distressed loans in Mexico. Page 12

DIGITAL FRONTIERS

SMART CARDS: Gemplus Americas has made personnel changes that some observers have interpreted as a shift of emphasis away from banks. Page 15

CARDS

Chase is showing a renewed interest in the international bank card market. Page 16

TECHNOLOGY

Wayfarer Communications is putting push technology to work for internal purposes at First Union's brokerage subsidiary. Page 18

MARKETS

Roslyn Bancorp, the Long Island, N.Y., thrift, is finding itself under increasing pressure to make an acquisition. Page 26

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