Brokerage firms say they are trying to hire more women and minorities to sell to the growing number of prosperous people in these groups. Page 4

The mayor of Indianapolis says he has grave concerns about the effect the Banc One takeover of First Chicago NBD would have on his city. Page 5


The nation's largest credit unions enjoyed strong deposit and membership growth in the first quarter despite a membership-limiting Supreme Court ruling and continued verbal attacks from banks. Page 6

To INCREASE its fee income and build up itscommercial lending business, a Connecticut thriftis buying a majority stake in a diversified financialservices firm. Page 6


Salomon Smith Barney updated its prepayment model to reflect the impact of press coverage and publicity in the wave of refinancings that hit the mortgage market this year. Page 7


The first CEO of Vital Processing Services, a fifty-fifty joint venture of Visa U.S.A. and Total System Services, has resigned. Outsiders give Fred O. Gumbel credit for Vital's early success, saying he staked out a strong marketing position without competing with client banks for merchant business. Page 16

Acxiom took another step in the consolidation of the data base technology business by agreeing to buy May & Speh. The combination would be an information giant that could rival the major credit bureaus. Page 16


INSURANCE: People's Bank, Bridgeport, Conn., is buying the state's largest independent insurance agency as part of a strategy to serve commercial customers. Page 10

Less than a week after the Massachusetts legislature freed state- chartered banks to sell insurance, Hoosac Bank announced it was buying an agency. Page 11


ELECTRONIC COMMERCE: A Canadian firm touting a simplified approach to e- commerce security is submitting it to market judgment for the first time. Page 12


Just in Time Solutions of San Francisco has joined the crowded field of electronic bill presentment vendors. Page 13

The German software company SAP AG is following through on its plan to pursue more customers in the U.S. financial services industry. Page 13


Norwest shares got a renewed vote of confidence after the company impressed Wall Street analysts and investors with its revenue prospects. Back page

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