Western Banks Post Record Earnings: Earnings of...
From Times Staff and Wire Reports
Western Banks Post Record Earnings: Earnings of banks in Western states reached a record $4.8 billion, and return on assets remained at a respectable level of nearly 1% in 1990 despite a weak fourth quarter, according to a study by the Federal Reserve Bank of San Francisco. However, as a result of asset-quality pressures, California and Nevada bank earnings declined slightly from record levels in 1989, the study said.
