SAN FRANCISCO Glendale Federal Bank reported a narrowed loss of $4.8 million for the June quarter, compared with a $29.9 million loss in the same period last year, reflecting gradual gains in revenue and credit quality.

The net loss. equal to 25 cents a share. was expected as the Glendale. Calif.-based thrift continues to recover from the crisis that brought it close to failure last year.

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