BANKING
From Times Staff and Wire Reports
Glenfed Mulls Asset Sale: The holding company for troubled Glendale Federal Bank said it hired investment banker CS First Boston to develop a restructuring plan that may involve selling unspecified assets, including branches or loans. Losses of $59.7 million over the six months ended Dec. 31 reduced Glenfed’s capital to a level just $29 million above regulatory limits. Glenfed said it does not expect to sell stock or float bonds to raise the capital.
