Kidder to Advise on Columbia Bonds: The...
From Times Staff and Wire Reports
Kidder to Advise on Columbia Bonds: The Office of Thrift Supervision said it has retained Kidder, Peabody & Co. for advice regarding the $3-billion junk bond portfolio of Columbia Savings & Loan Assn. The Beverly Hills thrift has the industry’s largest portfolio of the high-risk bonds. Regulators said they are seeking advice on a Columbia plan to sell its junk bond holdings.
