WASHINGTON
Senate Banking Chairman Alfonse M. D'Amato went on the warpath again over the spread of ATMsurcharges. Page 2
REGIONAL
Union Planters said it would streamline its branches, eliminating 600 jobs. Page 4
COMMUNITY
Cross-industry transactions such as the recent Citicorp-Travelers Group deal worry community bankers more than megabank mergers do. Page 6
MORTGAGES
Investors' wariness of prepayment risk is spurring demand for nontraditional mortgage-backed securities, according to investment bankers at a secondary market conference. Page 7
MARKETS
One portfolio manager does not think big banks necessarily offer investors top value. Page 22
First Union tapped executive vice president Charles Coltman to head global corporate banking, succeeding former CoreStates chairman Terrence A. Larsen. The loss of Mr. Larsen, who is scheduled to step down July 1, is seen as severing some of the ties the bank pledged to maintain with Philadelphia. Back page
INVESTMENT PRODUCTS
The development of retirement savings plans in Europe is a $15 trillion opportunity for asset management firms. But for American companies, the barriers to entry are high, a Fidelity executive says. Page 8
INSURANCE: Citicorp Life Insurance slashed the annual fees on its CitiVariable Annuity from 140 basis points to 99. Page 9
CORPORATE FINANCE
First Chicago NBD executives say they purchased Detroit-based Roney & Co. for the firm's regional brokerage network, but they got an equity underwriting bonus. Page 10
CARDS
Morgan Stanley, Dean Witter is adding an Internet access option to its Discover card package. Page 12
DIGITAL FRONTIERS
ELECTRONIC COMMERCE: The OBI Consortium, a group promoting standards for business-to-business commerce over the Internet, has turned to CommerceNet for management support. Page 14
Verifone said a compact appliance it developed, the PayPort, is ready to link consumers to financial and other services over the Internet via personal computers. Page 14