Glenfed Inc.: The Glendale-based parent company of...

Glenfed Inc.: The Glendale-based parent company of Glendale Federal Bank reported a fourth-quarter net loss of $137.1 million, contrasted with a $17.8-million net profit a year ago. For the full year, the firm had a $231.7-million net loss, contrasted with a $100.5-million net profit the year before. Glenfed said the loss for the year reflects a decision to increase loan-loss reserves, primarily for the bank’s commercial finance subsidiaries and investment lending portfolio. At June 30, Glendale Federal remained in compliance with all of the current federally mandated capital requirements, the company said.