Bouncing back from weak performances last year, most of the largest banks and savings and loans with headquarters in the San Fernando Valley area posted sharp gains in profits during the second quarter of this year.
Virtually all of the Ohio savings and loans ordered closed for most of last week because of a banking emergency reopened for at least limited service Monday, while the state filed a $432-million suit against officers of the thrift that triggered the crisis.
Most of the largest banks and savings and loans based in the San Fernando Valley area got a lot better, but not much bigger, last year.
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The savings and loan industry's most powerful trade group unveiled a plan Wednesday that it says is intended to bolster the industry's sagging deposit insurance fund by decentralizing the manner in which banking regulators handle savings institutions in trouble.
The heads of two major trade organizations, outlining proposals for shoring up the federal fund that insures S&L; deposits, Tuesday called for creation of new corporations to handle the assets of failed savings institutions.
The federal government is rushing to provide insurance protection for 500,000 depositors in 70 shut-down Ohio savings and loan associations, Gov.
The controversial method now used to fund the state Department of Savings and Loans is likely to be phased out in the next three years, William J.
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