Fueled by continued concern over Asian economies, banks' derivatives revenue soared to a record $2.7 billion during the first quarter, the OCC reported. Page 2


Citicorp appointed Patrick J. Kelly chief executive officer of Citibank Florida, responsible for running Citi's 34-branch retail network there. Page 6


Under pressure to lend and facing stiff competition from large banks and other lenders, some West Coast community banks are luring loan officers with signing bonuses and higher than usual base salaries. Page 9


Banks are loosening their home equity lending standards and charging less to make these loans, a Consumer Bankers Association study reveals. Page 10


The jury is out on whether the differences between the mutual fund businesses of merger partners Wells Fargo and Norwest will prove complementary or divisive. Page 13

INSURANCE: In a break with its own tradition but conformity with a new trend, Comerica has teamed up with an insurance agency instead of buying it. Page 15


The ABA's quarterly survey of consumer loan delinquencies found an improvement in nearly every category except credit cards. But the small rise in bank card delinquencies didn't bother James Chessen, the association's chief economist, because the figures showed "such a strong decline in the fourth quarter that it would not be unusual to see a small bounce back." Page 16


ELECTRONIC COMMERCE: Credit Suisse of Zurich has started an Internet commerce project that relies on Digicash's eCash technology to facilitate micropayments. Page 18


First Union has joined a handful of institutions that are rolling out network computers - simplified, less expensive versions of the personal computer. Page 19


Now that Goldman Sachs has decided to hold a public offering of shares, most market watchers expect it to join its Wall Street competitors and buy an asset management firm. Page 20


text here. Page 30

Investors fled the equity markets as worries about foreign currencies and economies escalated. Back page

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.