The acting comptroller used a speech to the Tennessee Bankers Association to rally opposition to the financial reform legislation pending in Congress. Page 2


An activist shareholder group is seeking to force the sale of Connecticut's NSS Bancorp, a thrift holding company. Page 8


Issuance of mortgage-backed securities was strong in the first quarter, but mortgage bankers and analysts say the surge may have peaked. Page 12

The plunge in Roslyn Bancorp's stock price is a wake-up call to New York-area thrifts that prices may be as high as they are going to get, analysts say. Page 12


Chase is planning to launch a family of no-load mutual funds on a pilot basis. Page 15

INSURANCE: Mellon Bank expects its bank and the large insurance agency it is buying to do a lot of cross-selling. Page 16


Bank of America has begun advertising its credit cards through the Juno free e-mail service. Page 18

Managers of electronic funds transfer networks are living in "turbulent times," NYCE's president and CEO told his network's annual conference. Page 18


ELECTRONIC COMMERCE: Internet shopping malls owned or branded by banks are cropping up nearly all over the world, but the phenomenon is largely bypassing U.S. banks. Page 20


Digital cash, an idea that helped focus bankers' and regulators' attention on the commercial possibilities of the Internet, has yet to answer many questions about its viability. Page 21


The Fed approved Union Bank of Switzerland's buying Swiss Bank but ordered the new company to shed its U.S. merchant banking business. Back page

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