BANKING

UnionFed to Revise Plans to Raise Capital: UnionFed Financial Corp., which has been gushing red ink for more than two years, said that it must revise its plan to raise capital in light of continuing losses at the thrift holding company. The parent company of Union Federal Savings Bank in Los Angeles, which has been operating under federal regulatory restrictions, also reported that it lost $22.1 million for its fiscal year ended June 30, compared to a loss of $64.7 million in its previous fiscal year. The savings and loan fails to meet two of the three standards for capital required by federal regulators. The Office of Thrift Supervision now wants a plan that will give the S&L; enough new money to raise its core ratio of capital to assets to 5% by the end of next June and to raise its ratio of capital to risky assets to 10% by the same date. Previously, the thrift had been required to raise those capital levels to 4% and 8% by the end of 1994.