Glenfed Inc.: The parent of Glendale Federal...
From Times Staff and Wire Reports
Glenfed Inc.: The parent of Glendale Federal Bank said its third-quarter earnings plunged 94% to $1 million as it continued to beef up reserves against bad loans and struggled with real estate-related problems. It said its problem assets stood at $716 million on March 1, compared to $559 million a year earlier.
