Today's News

Financial Services Marketing profiles Ron Zebeck, who has spent his career blazing trails. The CEO of Metris Cos. is building a subprime card business employing a three-terabyte data warehouse.

Magazine supplement

WASHINGTON

The CRA has been enforced inconsistently at national banks, according to the Treasury Department's Office of Inspector General. Page 2

REGIONAL

KPMG Peat Marwick named Jane H. Jelenko national industry director for banking and financial services. Page 10

INVESTMENT PRODUCTS

Bank of New York plans to give its 401(k) plan clients a lot more choices beginning next month. Page 13

Less than three months after Mellon Bank finalized its deal for Founders Asset Management, the Denver fund company is leaking talent. Page 13

MORTGAGES

Though home resales in May bounced back after April's decline, the National Association of Realtors still concludes that the hot housing market may be cooling. Page 17

Fannie Mae is restructuring its staff to improve community lending initiatives. Page 18

TECHNOLOGY

Edify, a leader in Internet banking software and a historically strong financial performer, is working to put a dismal first quarter behind it. Page 19

Some bank brokers are arming themselves with technology that capitalizes on the face-to-face interactions they have with customers. Page 20

CORPORATE FINANCE

Shipping finance is in the midst of a sea change. Historically dominated by small family-owned companies, the shipping industry is being bombarded with new options. Page 31

MARKET MONITOR

Apparently confident about the future, major banks continue to reduce the amount of money set aside to cover loans that might not be repaid. Page 33

Consumers seem to have it all right now, with rising real incomes and declining prices. But that dark cloud on the horizon is a corporate profit squeeze that could undermine the bull market. Page 33

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