BANKING
From Times Staff and Wire Reports
Citicorp Details California Loan Losses: Citicorp reported an overall decline in commercial real estate loans in the third quarter, but the banking company had rising delinquencies in a category that gives investors heartburn: California real estate. The company filed with the SEC a 10-Q report that contains details about its July-September financial performance. Citicorp reported that delinquent loans on its California commercial real estate totaled $607 million on Sept. 30, up sharply from $388 million on Dec. 31. Foreclosed real estate rose to $533 million in the third quarter from $357 million on Dec. 31.
