BANKING & FINANCE - Aug. 27, 1993

Glenfed Completes Most of Its Recapitalization: Glendale Federal Bank said it raised $451 million in common and preferred stock sales. About two dozen investors bought $169 million in common stock and made commitments to buy an additional $81 million in stock if previous shareholders do not exercise their rights. The new investors include Tiger Management, Mutual Series Fund, Strome-Susskind & Co., Omega Advisors and several other entities. The S&L;, which will drop the Glenfed holding company, also sold $201 million in preferred stock.