Gibraltar Financial Corp. reported a $6.6-million loss...
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Gibraltar Financial Corp. reported a $6.6-million loss for the first quarter, contrasted with a $13-million profit a year ago. The Beverly Hills-based parent of Gibraltar Savings blamed the reversal on lower gains on sales of loans and securities of $6.6 million, compared to $25.3 million a year ago. Also, a change in accounting rules reduced earnings by $3 million in the latest quarter, the firm said.
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