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BUSINESS
April 26, 1994 | CHRIS KRAUL, TIMES STAFF WRITER
Consolidation and failures during the past decade may have radically reduced the number of California's banks and savings and loans, but those that remain are generally healthy--and getting stronger. It's a measure of how deep a hole the state's financial services industry was in that only one California-based financial institution, CVB Financial of Ontario, appears on The Times 100 list of most profitable companies, a ranking that charts average two-year return on shareholder equity.
BUSINESS
November 21, 2008 | E. Scott Reckard, Reckard is a Times staff writer.
Reeling from mortgage loan losses, Downey Financial Corp. warned last week that its choices were stark: Raise capital or risk a government takeover. It's still waiting for that capital. And since today is Friday, the day when bank takeovers generally occur, industry observers will be watching again to see whether Downey turns the keys to its executive suite over to the Federal Deposit Insurance Corp.
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