California Federal Bank: Thomson BankWatch downgraded the preferred stock to CCC-plus from B-minus. Thomson cited Calfed's $45.5 million loss in the second quarter and said further losses due to asset valuation writedowns were possible.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.