Seeking to end a seven-year court fight, Glendale Federal Bank proposed Thursday to settle its regulatory goodwill case against the government for $1.5 billion.

Under the settlement offer, Glendale Federal is promising to invest the award in low- and moderate-income and minority California communities.

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.