Thanks to pending megadeals, two U.S. banking companies-Citigroup and the new BankAmerica-would vault into the world's top 10, a distinction no domestic institution has had since 1988. Page 11

WASHINGTON

The Fed has given state-chartered savings banks permission to sell annuities and other insurance products. Page 2

REGIONAL

The chairman and CEO of National City has joined a group of local investors who are hoping to buy the Cleveland Browns football team. Page 4

MORTGAGES

A flurry of mortgage prepayments has put some hedge funds in the hot seat and Wall Street traders on the sidelines. Page 6

COMMUNITY

FCNB's push deeper into suburban Washington should put the Frederick, Md., company on more buyers' wish lists, analysts say. Page 8

DIGITAL FRONTIERS

ON-LINE BANKING: The future for banking by television may have brightened with AT&T's announced agreement to acquire Tele-Communications. Page 16

TECHNOLOGY

To meet the year-2000 and euro conversions deadlines, Credit Suisse First Boston created an organization with its own staff, budget, and accountability. Page 17

CORPORATE FINANCE

PNC has established a unit to focus on small technology and emerging growth companies. Page 25

MARKETS

Citicorp said it will close credit and charge card operations in three cities and offer 1,900 affected workers an opportunity to move to other centers. Page 26

CARDS Page 12

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