American Banker articles from April 2004

American Banker archives from April 2004

EZPass Tries Where Others Have Failed.(debit auto transponder)
April 1, 2004... An ongoing effort to expand EZPass beyond its original purpose -- letting commuters in nine eastern states pay tolls faster -- has revived questions about the demand for closed-community stored-value systems. While some systems have...

A Strategy Fix for RBC Mortgage: New compensation structure meant to put focus on margins.(Royal Bank of Canada )
April 1, 2004... Addressing problems that contributed to a fiscal first-quarter loss for its U.S. operations, Royal Bank of Canada is changing the way it compensates its mortgage unit's loan officers and branch managers. RBC Mortgage, which is based in...

Restatement for Fannie?
April 1, 2004... In an otherwise routine assessment, OFHEO says its ongoing exam of the GSE's accounting could force it to restate earnings. Story on page 12 Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com...

SBA Compromise Reached.(Small Business Administration )
April 1, 2004... Congress, lenders, and the Small Business Administration have reached a compromise on the SBA's fiscal 2004 budget that would add more than $3 billion of funding authority -- enough to make 30,000 more loans -- to its flagship 7(a) loan...

Panel's GSE Vote a Rare Cliffhanger.(government-sponsored enterprises)
April 1, 2004... Shifting political alliances and nearly three dozen proposed amendments produced an uncharacteristic suspense on the eve of a Senate Banking Committee vote on whether to overhaul the regulation of the housing government sponsored enterprises....

Proxy Season Getting Off to A Testy Start.
April 1, 2004... Bank shareholders are trying to make sure their voices are heard -- on more and more issues -- and bank boards are finding they have to listen. Take the case of Gerald R. Armstrong, an active shareholder for decades, who this year...

H&R Block Wins A Round in Tax Refund Loan Suit.
April 1, 2004... A federal court has rejected a swath of class-action claims against H&R Block Inc. and the bank it formerly used to issue refund-anticipation loans. But the U.S. District Court for the Northern District of Illinois left in place...

Dueling Letters from Banks, Activists on CRA-Exam Plan.(Community Reinvestment Act)
April 1, 2004... Bankers are lining up behind a proposal that would make 16% more banks and thrifts eligible for review under a streamlined Community Reinvestment Act exam. At the same time, though, activists are telling the federal banking regulators that...

In Brief: Bay State, Baystate in Court Over Name.(Brief Article)
April 1, 2004... A 109-year-old mutual savings bank in Worcester, Mass., has filed a lawsuit charging a 101-year-old Boston financial services firm with trademark infringement and cyber-squatting. The $250 million-asset Bay State Savings Bank has waged a...

In Brief: Camco of Ohio to Acquire London Financial.(Brief Article)
April 1, 2004... Camco Financial Corp. of Cambridge, Ohio, has agreed to buy the $56 million-asset London Financial Corp. for about $10 million in cash and stock. The $1 billion-asset Camco is the holding company for Advantage Bank, which has offices in...

EXECUTIVE CHANGES.(Brief Article)
April 1, 2004... MIDWEST Wintrust Financial Corp. of Lake Forest, Ill., has promoted Sandy A. Lincoln from managing director to president and chief executive officer of its Wayne Hummer Asset Management Co. Mr. Lincoln joined the asset manager last...

In Brief: Study: Card Mailings Fell 12%.(Brief Article)
April 1, 2004... Credit card solicitation mailings fell 12% last year, to 4.29 billion offers, according to a report released Wednesday. Several top-10 card issuers cut back on direct mail, said Synovate, an Arlington Heights, Ill., market research firm....

In Brief: McDonald's: No On Speedpass.(Brief Article)
April 1, 2004... McDonald's Corp. will stop testing acceptance of ExxonMobil Corp.'s Speedpass payment devices June 30, CardLine, a Thomson Media publication, reported Wednesday. The Oak Brook, Ill., fast-food chain has been piloting the radio frequency...

Equifax Aims to Get Closer To Lenders With Analytics.
April 1, 2004... Following similar moves by its two competitors in consumer credit reporting, Equifax Inc. has ramped up its analytics business, among other changes. "It's clear that our role became more consultative" as lenders began asking for more than...

NYCE Says Deal Will Open Door to Canadian Debit Use.
April 1, 2004... Canadians are some of the most regular debit card users in the world, but when they travel across the border they must use either cash or credit cards to pay for goods. Canadian banks do not authorize signature-based debit transactions,...

Credit Unions with the Most Assets: On Dec. 31, 2003. Dollars in thousands.
April 1, 2004... (part 1 of 2) 1 Navy Federal Credit Union Merrifield, Va. 2 State Employees Credit Union Raleigh 3 Pentagon Federal Credit Union Alexandria, Va. 4 Golden 1 Credit Union Sacramento 5 Boeing Employees...

Credit Unions with the Most Deposits: On Dec. 31, 2003. Dollars in thousands.
April 1, 2004... (part 1 of 2) 1 Navy Federal Credit Union Merrifield, Va. 2 State Employees Credit Union Raleigh 3 Pentagon Federal Credit Union Alexandria, Va. 4 Golden 1 Credit Union Sacramento, Calif. 5 Boeing...

Envestnet PMC to Gain Heft In Consolidating Segment.(Net Asset Management)
April 1, 2004... EnvestnetPMC Inc. has pushed the consolidation trend in the turnkey asset management program segment of the securities industry one step further with its deal for Net Asset Management, observers say. The deal would create the largest...

In Brief: ABD Picks Operating Chief, Liaison Exec.(Brief Article)
April 1, 2004... ABD Insurance and Financial Services in Redwood City, Calif., the insurance agency owned by Greater Bay Bancorp, announced several key appointments this week. Dan Francis was named chief operating officer on Tuesday, with responsibility...

In Brief: Zurich Hires a CFO For North America.(Brief Article)
April 1, 2004... Zurich Financial Services has announced the hiring of Thomas Bradley from The St. Paul Cos. to be chief operating officer of finance and administration and chief financial officer of its North American commercial operations, based in...

In Brief: Closing Delayed for CNA-Swiss Re Deal.(Brief Article)
April 1, 2004... CNA Financial Corp. in Chicago said that the previously announced sale of its individual life insurance business to Swiss Re Life and Health America Inc., which had been expected to close Wednesday, is now expected to be completed April 30,...

PIPELINE.(banking)
April 1, 2004... Fannie to Restate? The Office of Federal Housing Enterprise Oversight tucked a potential bombshell into its otherwise routine quarterly assessment of the government-sponsored enterprises' capital reserves, released Wednesday. The...

Key Expects $10M of Check 21 Savings.
April 1, 2004... KeyCorp of Cleveland expects the Check 21 law to boost its savings from digital image technology from the current $12 million a year to $22 million, an executive says. Allyn Pytel, a senior vice president in the client services group,...

Earnings Solidity Cited In Upgrade of SouthTrust.
April 1, 2004... Raymond James & Associates Inc. upgraded the shares of SouthTrust Corp. to its top rating of "strong buy" Wednesday, saying that among Southeast regional banks it is the best positioned to benefit from a rebound in commercial loan demand. ...

TierOne Buying United Neb. for $97.3M.
April 1, 2004... Flush with capital from its 2002 initial public offering, TierOne Corp. of Lincoln, Neb., announced its first whole-bank deal in 16 years Wednesday. TierOne said it would acquire the $514 million-asset United Nebraska Financial Corp. in...

In Brief: BB&T Rumors Boost Colonial of Alabama.(Brief Article)
April 1, 2004... Bank stocks had a mixed session Wednesday. While shares of large-cap banks fell, those of smaller banks closed higher. Among the largest gainers was Colonial BancGroup Inc. of Montgomery, Ala., which rose 5.1% on rumors that BB&T Corp. of...

In Brief: Dollar Leaving Credit Union Regulator.(Brief Article)
April 1, 2004... Dennis Dollar, the chairman of the National Credit Union Administration for the past three years, submitted his resignation Wednesday. His last day of work will be April 30. Mr. Dollar has sat on the board for seven years, and though...

In Brief: Kanjorski Touts Federal Insurance Charter.(Brief Article)
April 1, 2004... Rep. Paul Kanjorski, D-Pa., on Wednesday urged his Republican colleagues on the House Financial Services Committee to reconsider their opposition to an optional federal insurance charter. His remarks came at a hearing in which the...

In Brief: Panel to Mull Wells Paycheck Fee Plan.(Brief Article)
April 1, 2004... Laura Schulte, Wells Fargo & Co.'s head of California retail banking, was due to appear before the California Senate Banking Committee late Wednesday to discuss a plan to charge noncustomers a fee for cashing paychecks drawn from a Wells...

Commercial -- Next Up at Countrywide: Coastal Capital team hired to build conduit lending business.(Countrywide Financial Corp.)
April 2, 2004... Most of Countrywide Financial Corp.'s efforts to diversify over the years have leveraged its powerhouse position and expertise in single-family home lending. Until recently its investment banking unit stuck to home mortgage-related...

With an Eye On First Data, Visa Realigns.(Visa U.S.A.)
April 2, 2004... Visa U.S.A., which until last year considered MasterCard International its main rival in debit cards, is making internal adjustments in what is being viewed as a response to a now-bigger threat, First Data Corp. Visa is consolidating its...

Check-Casher Fees: B of A, Wells Pressed.(Bank of America Corp.; Wells Fargo & Co.)
April 2, 2004... Politicians and state consumer groups are seizing on a little-known section of the California Labor Code to try to prevent two of the state's largest banking companies from charging noncustomers fees to cash checks. On Thursday, Wells...

Close Panel Vote Said to Kill GSE Bill.(government-sponsored enterprises)
April 2, 2004... A last-minute deal led the Senate Banking Committee to approve legislation Thursday that would revamp the regulation of the housing government-sponsored enterprises. But the 12-to-9 tally, along mostly party lines, makes it unlikely the...

A Difficult Market Segment.("The Working Poor: Invisible in America")(Book Review)
April 2, 2004... If there is a message for bankers in David K. Shipler's book "The Working Poor: Invisible in America," it goes something like this: Working poverty is a widespread phenomenon in the United States, and financial services firms play a big role in...

PEOPLE.
April 2, 2004... Art, Wines, and Ums As Bank of America Corp. closed its $47 billion deal for FleetBoston Financial Corp. Thursday, Ken Lewis opened up in Charlotte and Boston newspaper interviews that offered a glimpse of the man atop the nation's largest...

Panel Shrugs Off The Comptroller's Preemption Pitch.(John D. Hawke Jr. gets little support from the House Financial Services Committee )
April 2, 2004... Comptroller of the Currency John D. Hawke Jr. went to Capitol Hill on Thursday ostensibly to talk about his agency and the condition of national banks, but lawmakers did not seem to care about much except preemption. Since he returned from...

OFHEO/Fannie Conflict Escalating.(Office of Federal Housing Enterprise Oversight)
April 2, 2004... Most financial firms go out of their way to make nice with regulators, especially as teams of examiners scour the company's books. Not Fannie Mae. In a rare and potentially costly misstep, the typically savvy government-sponsored...

In Brief: Interchange's Net Up, EPS Down.(Brief Article)
April 2, 2004... Interchange Financial Services Corp. in Saddle Brook, N.J., will report double-digit growth in first-quarter net earnings, but per-share earnings will dip from a year earlier because more shares are outstanding. The $1.3 billion-asset...

In Brief: Premier of W.Va. Delays Report.(Brief Article)
April 2, 2004... Premier Financial Bancorp Inc. of Huntington, W.Va., said its fourth-quarter earnings and annual report will be delayed, possibly until April 14, because it is investigating one of its seven subsidiaries. The $677 million-asset company...

In Brief: 2 Ark. Banks in $23M Deal.(Brief Article)
April 2, 2004... Mountain Home Bancshares Inc. in Arkansas said it is buying Pocahontas Bankstock Inc. for $23 million in cash. Mountain Home is the $273 million-asset parent of First National Bank and Trust Co. of Mountain Home. Pocahontas, with $130...

In Brief: MidWestOne Bank's CEO Retires.(MidWestOne Bank in Burlington)(Brief Article)
April 2, 2004... MidWestOne Financial Group Inc. of Oskaloosa, Iowa, said William D. Hassel, 55, has retired as the president and chief executive officer of its MidWestOne Bank in Burlington. Mr. Hassel, who retired Wednesday, will remain the $183...

At Long Last, D.C. Signs Off on Its First Bank Charter.(District of Columbia)
April 2, 2004... After nearly 18 years of waiting, the District of Columbia's Department of Banking and Financial Institutions is finally getting a bank to regulate. WashingtonFirst Bank is set to become the first bank chartered by the District of Columbia...

A Kids 'Safety Fair' in Parking Lot.
April 2, 2004... A California branch of the Texas-based Guaranty Bank is helping law enforcement officials fight child abduction. Each April, National Child Abuse Prevention Month, the Indio branch turns its parking lot into a "safety fair." Police officers...

In Brief: RBC Centura to Use Publix Store ATMs.(automated teller machines)(Brief Article)
April 2, 2004... RBC Centura Bank Inc., a Rocky Mount, N.C., unit of Royal Bank of Canada, on Thursday announced an agreement to use automated teller machines in Publix Super Markets Inc. stores -- with no customer surcharge. The agreement will more than...

In Brief: Union Planters ATMs Add Genpass EFT.(automated teller machines)(Brief Article)
April 2, 2004... Union Planters Corp. will use Genpass Inc.'s surcharge-free MoneyPass electronic funds transfer network at automated teller machines in Mapco Express Inc. convenience stores and gas stations in Tennessee, the companies said. The agreement,...

In Brief: Trans First of Texas Buys Payment Firm.(Payment Resources International)(Brief Article)
April 2, 2004... TransFirst Holdings Inc. has acquired Payment Resources International of Newport Beach, Calif. The deal, which was announced Tuesday and closed March 1, is one of two the Dallas merchant processor announced last month. A few weeks ago it...

In Brief: TSYS Extends BB&T Processing Pact.(Brief Article)
April 2, 2004... Total System Services Inc. has extended its card processing relationship with BB&T Bankcard Corp. and Branch Banking and Trust Co. by three years. The BB&T Corp. subsidiaries will use the TSYS credit, debit, and commercial card platforms....

In Brief: SEC Expands Metris Accounting Probe.(Brief Article)
April 2, 2004... The Securities and Exchange Commission has expanded an investigation of Metris Cos. Inc.'s accounting that was initially related to its loan-loss provisions. The Minnetonka, Minn., company disclosed in its annual report, filed Tuesday,...

Community First Buys Colo. Agency.(Brief Article)
April 2, 2004... Community First Bankshares Inc. in Fargo, N.D., has bought Shepherd Insurance Agency in Englewood, Colo., through its insurance unit, Community First Insurance Inc., the banking company said on Thursday. Community First also said it had...

Limit, Not Abolition, Seen for 'Soft Dollar' Spending.
April 2, 2004... Bank executives and analysts are confident that federal regulators will not outlaw the "soft dollar" spending used to pay for independent research despite scrutiny from Congress and pending investigations into the fund industry. Senate...

In Brief: Key, Price Chopper In ACH Clearing Deal.(Brief Article)
April 2, 2004... KeyCorp of Cleveland announced Thursday that it will provide point-of-purchase automated clearing house origination services for Price Chopper, a supermarket chain in the Northeast with a large volume of check conversion. Golub Corp. of...

In Brief: NJ's Commerce Adds Payee Verification.(Brief Article)
April 2, 2004... Commerce Bank of Cherry Hill, N.J., has added payee verification to its positive-pay fraud prevention service for corporate clients. The bank, a unit of $22.7 billion-asset Commerce Bancorp Inc., said Wednesday in a press release that it...

In Brief: Accenture Building Viewpointe Software.(Brief Article)
April 2, 2004... Technology consultants from Accenture Ltd. have begun building the software to settle check payments with images using the Viewpointe Archive Services LLC repository. Executives of the two companies said the software, under development in...

When Cost-Cutting Goes Too Far.
April 2, 2004... Most banks go through a feast-or-famine cycle every few years. They focus on revenue growth, build the infrastructure and staff to get there, and then realize they've become cost-inefficient. The typical response is to bring in consultants...

Resume Respa Revamp for Consumers' Benefit.(Real Estate Settlement Procedures Act )
April 2, 2004... The Department of Housing and Urban Development's decision to kill its proposed changes to the Real Estate Settlement Procedures Act is a blow to American consumers. HUD should work to quickly issue a new proposal that preserves the key...

LETTERS TO THE EDITOR.(Letter to the Editor)
April 2, 2004... Further FeedbackOn Letter from CUNA Chairman To the Editor: Dick Ensweiler, the chairman of the Credit Union National Association, would make a good lawyer. His defense of the credit union industry ["Stop the Bellyaching and...

Commercial Bankers See The Bright Side of Basel II.
April 2, 2004... Despite concerns regarding certain components of the proposed Basel II accord, commercial banks generally see the framework as enhancing their competitiveness and aligning with their internal risk management objectives. A online survey by...

Cleaning Up the Card Statements.
April 2, 2004... Over the years credit card purchase volumes have increased 1,000-fold. Yet the core of the bank card product, the description of charges, has hardly changed in 40 years. Cardholders can't fully identify merchants and transactions or easily...

Study: N.J. Predator Law Crimping Subprime Credit.
April 2, 2004... New Jersey's anti-predator law, which went into effect in November, has cut access to subprime credit in the state, according to an industry-funded study. Forty percent of lenders and mortgage brokers operating in the state have closed...

In Brief: Non-Audit Payments To KPMG Disclosed.(Brief Article)
April 2, 2004... Questions about fees paid to outside auditors for non-audit-related work prompted two banking companies to disclose additional details of their auditing relationships this week. SouthTrust Corp. of Birmingham, Ala., and First Charter Corp....

In Brief: New Nasdaq Stock, Name: NewAlliance.(NewAlliance Bancshares Inc)(Brief Article)
April 2, 2004... Shares of what used to be New Haven Savings Bank were set to begin trading on the Nasdaq Stock Exchange today under a new name, NewAlliance Bancshares Inc. The initial public offering came the same day the Connecticut company converted...

B of A Buys Fleet; Big Job Cuts Expected.(Bank of America Corp)(Brief Article)
April 2, 2004... Bank of America Corp. bought FleetBoston Financial Corp. for $47 billion on Thursday, creating, at least for now, the nation's second-largest banking company by assets. Charlotte-based B of A will revert to No. 3 this summer when J.P....

Persistently Low Rates Key to 1Q Forecast.
April 2, 2004... When the nation's largest banking companies start announcing first-quarter profits next week, the reports will have a familiar tone: Improvements in market-related businesses are expected to offset continued weakness in corporate lending and...

Will Retail Be the Answer for Nat City?
April 5, 2004... For the last year National City Corp. has been preparing for a slowdown in mortgage business. Because it has derived a larger and larger portion of its earnings from mortgages during the unprecedented refinancing boom of the last few...

'Takeunder' Draws Flak -- Even for The Buyer: A strategic fit, but analysts question the financial logic.
April 5, 2004... From a strategic standpoint, First Niagara Financial Group's deal for Hudson River Bancorp in Hudson, N.Y., seems to make perfect sense. First Niagara, of Lockport, N.Y., had been eager to bulk up in the Albany area, which is growing...

On Housing, Cuomo Has Kerry's Ear.(Andrew Cuomo appears to have John Kerry's support on housing policy)
April 5, 2004... For a little over a year Andrew Cuomo has divided his time between promoting a book, giving speeches, and evaluating international opportunities for a New York realty investment firm. But the Clinton administration Housing and Urban...

Savings Bills Get Poor Odds In This Session.
April 5, 2004... The Bush administration's effort to create new tax-advantaged savings accounts officially kicked off last week on Capitol Hill to the applause of the banking industry, which is clamoring for new products to sell. However, even some of the...

Washington People.
April 5, 2004... No Answers, Please Perhaps not since Frank Capra's "Know Your Enemy" series for the Department of Defense have recruiting and training videos been so incendiary. There was no question Rep. Barney Frank, D-Mass., would have some...

Nationwide, Manulife Unit Chiefs Rely on Strong Distributor Links.(Manufacturers Life Insurance Co.)
April 5, 2004... The continuity of relationships with distributors is a key to success in selling annuities and other insurance and investment products in the ever-changing marketplace, the presidents of the distribution arms at Nationwide and Manulife say. ...

In Brief: Janus' National Ad Push Stresses Long View.(Janus Capital Group Inc)(Brief Article)
April 5, 2004... Janus Capital Group Inc. said the ad campaign that was begun Sunday emphasizes its commitment to delivering strong long-term performance, offering more investment choices, and earning investors' confidence. The national print and...

In Brief: Northern Trust Adds Officers at Conn. Site.(Northern Trust Corp)(Brief Article)
April 5, 2004... Northern Trust Corp. said Friday that it has hired two officers and assigned them to its new Stamford, Conn., office -- part of the Chicago company's push into the Northeast. Katherine Ellis Nixon has been named a senior vice president and...

In Brief: U.S. Equity Fund Flows at $2.8B in Week.(Brief Article)
April 5, 2004... About $2.8 billion flowed into U.S. equity funds during the week ended Wednesday, AMG Data Services has reported. Small-cap growth and value funds had inflows of $1.1 billion, AMG said, and this was the largest inflow for that...

At Regionals, Good News Is 1Q Looks to Be Flat.
April 5, 2004... Regional banks and thrifts are expected to post flat first-quarter profits compared with the fourth quarter, and analysts say that is good news. After all, the first three months may well prove the hardest of 2004. Many analysts expect the...

In Brief: Mediation Urged in Suit vs. MC, Visa.
April 5, 2004... The judge who presided over the Wal-Mart class action against Visa U.S.A. and MasterCard International has ordered six large merchants that are suing separately to try to settle out of court through mediation, a MasterCard executive said...

In Brief: JCB Program Mimics Verified by Visa.(JCB Co. Ltd)(J/Secure)
April 5, 2004... JCB Co. Ltd. of Tokyo, the world's fourth-largest payment card network, has a new Internet authentication program. J/Secure uses 3-D Secure technology licensed from Visa International. It prompts cardholders to enter a pre-registered...

In Brief: U.K. Postal Service To Issue Credit Cards.(British Post Office Ltd)(Brief Article)
April 5, 2004... British Post Office Ltd., a government-owned company, plans to issue credit cards through a new joint venture with Bank of Ireland Group. The United Kingdom's 16,500 post offices will be distribution points for financial products,...

MasterCard Scores in PGA Enrollment.(Professional Golfers Association)
April 5, 2004... MasterCard International may not have American Express Co. spokesman Tiger Woods as a cardholder, but it claims most of the Professional Golfers Association Tour for its small-business portfolio. The company says those golfers are now...

In Brief: Nat City to Use CheckFree Tool.(National City Corp)(Brief Article)
April 5, 2004... National City Corp. said last week it would use check reconciliation technology from CheckFree Corp. to help corporate customers manage their paper checks and prevent check fraud. The Cleveland banking company said the Account...

In Brief: I-flex Offering Mantas Software.(I-flex Solutions Ltd.)(Brief Article)
April 5, 2004... The Bombay core processing software provider I-flex Solutions Ltd. said Thursday it has agreed to offer an anti-laundering product from Mantas Inc. to its financial services customers. The two companies will jointly market the product,...

A Peek Under the Hood of Princeton eCom.
April 5, 2004... Princeton eCom Corp., which had been quietly shopping for a buyer, has taken itself off the auction block and plans to step up its marketing on the strength of a $10.3 million capital infusion from a new group of venture backers. The...

Lenders Still Expecting a Corporate Uptick.
April 5, 2004... Corporate loan activity remains lackluster, but that has not dashed the hopes of lenders, who expect demand to increase in the next six months, a survey has found. According to the quarterly survey from Phoenix Management Services, a...

In Brief: WesBanco Has First Deal Since 2001.(Brief Article)
April 5, 2004... WesBanco Inc. of Wheeling, W.Va., plans to acquire Western Ohio Financial Corp. in Springfield, Ohio, for $65.2 million in cash and stock. The deal, announced Thursday, would bring the buyer into the Dayton market and increase its Ohio...

In Brief: Comerica CEO Babb Got a 60% Raise.(Ralph Babb Jr)(Brief Article)
April 5, 2004... Comerica Inc. chairman and chief executive Ralph Babb Jr. got a 60.5% raise in compensation last year, the company said Friday. Mr. Babb got a bonus of $943,028 and total compensation of $1.95 million, the Detroit banking company reported...

In Brief: Greater Bay Hires B Of A Veteran as CFO.(Greater Bay Bancorp appoints James S. Westfall of Bank of America)(Brief Article)
April 5, 2004... Greater Bay Bancorp in Palo Alto, Calif., is reshuffling its executive ranks again. The $7.6 billion-asset company said Thursday that James S. Westfall will succeed Steven C. Smith as executive vice president and chief financial officer...