BANKING & FINANCE - April 5, 1994
From Times Staff and Wire Reports
Glendale Fed to Sell Problem Loans: Glendale Federal Bank said it will sell $200 million to $300 million of commercial and apartment loans and foreclosed properties. It said that a sealed-bid auction this month will reduce by 15% to 25% the $867 million worth of non-performing assets held by the thrift as of Dec. 31, 1993. The sale is expected to be completed by June 30.
