Preparing for public ownership later this year, California Federal Bank
The San Francisco thrift, owned by investors Ronald Perelman and Gerald
Golden State, parent of Glendale Federal Bank, also announced earnings
California Federal Bank reported net income before, preferred-stock
Golden State earned $32 million in the most recent quarter, the third of
Both companies benefited from declining credit costs and higher
CalFed's net interest income was $189.5 million, down from $191.8
"In light of the flattening of the yield curve that occurred in late
Glendale Federal's net interest income increased 11.5%, to $107.7
In a reflection of Glendale Federal's growing retail strength, its net
Glendale reported that checking account balances now represent 17.6% of
Expenses were down at CalFed, which continued to consolidate the
They were up at Golden State, as Glenfed added banking branches and