Today's News

WASHINGTON

An interim Federal Reserve rule allowing electronic account statements could bolster profits and lead to cheap paperless accounts for home banking customers. Page 2

Pressure is mounting on the Fed to block a $25 billion merger of two Swiss banks, but legal experts say that it is unlikely to affect the central bank's decision. Page 2

REGIONAL

WaMu is preparing a folksy ad blitz for California, but it won't include the Rodeo Grandmas, the stars of its Washington State campaign. Page 4

COMMUNITY

Capitol Bancorp of Lansing, Mich., is more than willing to wine and dine its directors for the sake of a few good sales leads. Page 6

MORTGAGES

Regulators warned that use of credit scoring is no defense against charges of bias in lending. Page 10

TECHNOLOGY

When Hatim Tyabji, Verifone's CEO, revealed this week that he would retire at yearend, he did so in characteristic style, headlining his announcement "A Message from My Heart." "If there is anything I would want you to say about a legacy," he said in an interview, "it is that we truly tried to build a family." Page 18

INVESTMENT PRODUCTS

Eaton Vance has ridden its signature niche mutual funds to growth in sales at banks over the past year, its bank distribution chief said. Page 12

CORPORATE FINANCE

NationsBank is betting that a new emphasis on the industrial sector will spur cross-selling with its new investment banking unit. Page 14

CARDS

Retailers increasingly are offering card-based gift certificates to customers and corporate clients, hoping the new products will spur loyalty. Page 16

DIGITAL FRONTIERS

ON-LINE BANKING: A new product out of Silicon Valley could reduce the cost and complexity of building a virtual financial services business. Page 17

MARKETS

Continued merger speculation prompted an upgrade for J.P. Morgan, but its shares dipped anyway, along with the broader market. Back page

WEEKLY REPORT: INTERNATIONAL

As U.S. banks wait out Asia's financial crisis, they are steadily building businesses in a less troublesome emerging market-Eastern Europe.

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