H. F. Ahmanson reported that earnings fell...
- Share via
H. F. Ahmanson reported that earnings fell sharply during the second quarter, to $32.27 million from $76.59 million. The Los Angeles parent of Home Savings & Loan said reduced earnings were the result of the writeoff of its $24-million investment in the FSLIC Secondary Reserve and the decision to postpone approximately $1 billion of planned sales of adjustable rate mortgage-backed securities. In addition, the company increased its provision for loan losses by $10.2 million during the quarter.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
