BANKING & FINANCE - Feb. 15, 1992
From Times Staff and Wire Reports
L.A. Prosecutors to Investigate S&L; Collapse: The U.S. attorney’s office in Los Angeles will handle a criminal investigation of Phoenix-based Southwest Savings & Loan Assn., which once had Arizona Gov. Fife Symington on its board of directors. The investigation was transferred from the U.S. attorney’s office in Phoenix to avoid any suggestion that politics might influence it, the Phoenix Gazette reported. The Resolution Trust Corp. filed a $140-million civil suit against Symington and 11 other former Southwest directors Dec. 16, contending that their negligence contributed to the thrift’s collapse in 1989.
