BANKING
From Times Staff and Wire Reports
Spiegel Hearing Delayed: Legal wrangling will delay until July 6, and possibly longer, administrative hearings by federal savings and loan regulators into allegations that Columbia Savings & Loan Chief Executive Thomas Spiegel squandered assets of the now-defunct Beverly Hills thrift. The legal dispute is over whether Spiegel’s lawyers can obtain documents from a federal grand jury investigation into Spiegel’s relationship with Santa Barbara auto dealer Howard Schneider. Spiegel’s lawyers contend that the information is important to his defense in the civil charges brought by the federal Office of Thrift Supervision.
