San Diego S&L;’s Capital Short by $155 Million
- Share via
SAN DIEGO — Great American Bank, stung by an unexpected increase in troubled assets, said Thursday that it had $155 million less capital Dec. 31 than was required in a reorganization plan approved by federal regulators in November.
The San Diego-based thrift also reported a $30-million net loss for the quarter ended Dec. 31, compared to a $198.9-million net loss for the same period in 1989. Great American lost $173 million in 1990, compared to a loss of $263.4 million the year before.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
