California Federal Bank confirmed that it has...
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From Times Staff and Wire Reports
California Federal Bank confirmed that it has laid off 157 employees since the first of the year in an effort to cut costs . . . First Executive Corp. said it has rejected the Jan. 26 proposal by Rosewood Financial Inc. to acquire First Executive. Rosewood announced later in the day that it has retained J. P. Morgan as an adviser in its bid for First Executive.
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