BANKING & FINANCE - Jan. 18, 1992
From Times Staff and Wire Reports
First Nationwide Agrees to Fine: The San Francisco thrift holding company agreed to pay $400,000 in civil penalties for violating federal regulations governing transactions between its thrift units. First Nationwide called the fine, one of the larger paid by a savings and loan, “out of proportion” to the issues first raised by the Office of Thrift Supervision in a 1990 examination, but added that it was eager to resolve the dispute. First Nationwide, the nation’s sixth-largest thrift, is owned by Ford Motor Co.
