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Jay Janis

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BUSINESS
December 2, 1988 | TOM FURLONG, Times Staff Writer
Gibraltar Financial in Beverly Hills, hobbled by heavy losses that have eroded its capital, disclosed that it has held preliminary talks with federal savings and loan regulators about ways to find outside investors to bolster its shrinking net worth. Such a move might be coupled with direct financial assistance from the Federal Savings & Loan Insurance Corp., the arm of the Federal Home Loan Bank Board, which steps in when a thrift gets into financial trouble.
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NEWS
October 28, 1992 | JAMES BATES, TIMES STAFF WRITER
Jay Janis, the nation's top savings and loan regulator in the Carter Administration and most recently the head of the trade group representing California's thrifts, died Monday night in UCLA Medical Center after a long bout with leukemia. He was 59. A popular figure in the state's savings and loan industry, the Bel-Air resident had served since Jan. 1 as president of the California League of Savings Institutions.
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NEWS
October 28, 1992 | JAMES BATES, TIMES STAFF WRITER
Jay Janis, the nation's top savings and loan regulator in the Carter Administration and most recently the head of the trade group representing California's thrifts, died Monday night in UCLA Medical Center after a long bout with leukemia. He was 59. A popular figure in the state's savings and loan industry, the Bel-Air resident had served since Jan. 1 as president of the California League of Savings Institutions.
BUSINESS
December 2, 1988 | TOM FURLONG, Times Staff Writer
Gibraltar Financial in Beverly Hills, hobbled by heavy losses that have eroded its capital, disclosed that it has held preliminary talks with federal savings and loan regulators about ways to find outside investors to bolster its shrinking net worth. Such a move might be coupled with direct financial assistance from the Federal Savings & Loan Insurance Corp., the arm of the Federal Home Loan Bank Board, which steps in when a thrift gets into financial trouble.
BUSINESS
July 19, 1986 | BILL RITTER, San Diego County Business Editor
Sun Savings & Loan Assn., buffeted by two years of red ink and bitter squabbles, was shut down by federal regulators late Friday. Sun's five branches--four in San Diego and one in Mission Viejo--will reopen Monday as outlets of the newly formed Flagship Federal Savings & Loan Assn. and will be operated under a management contract by Great Western Savings of Beverly Hills.
BUSINESS
October 15, 1991 | JAMES BATES
Jay Janis, the nation's top thrift regulator under President Jimmy Carter, was named Monday to head the California League of Savings Institutions. Janis succeeds W. Dean Cannon Jr., who retires as president on Jan. 1. The position gives Janis, 58, an influential industry platform. California thrifts are by far the largest in the country. Overall, the state's 137 savings and loans hold one-third of all of the thrift industry's assets nationwide.
BUSINESS
May 13, 1992 | JAMES BATES, TIMES STAFF WRITER
Banks and thrifts that give a break to borrowers hurt by the Los Angeles riots will not be penalized by bank examiners as long as they do it safely, the four major federal bank regulatory agencies said Tuesday in a joint statement. The statement by the Federal Reserve Board, the Federal Deposit Insurance Corp.
BUSINESS
June 16, 1992 | JAMES BATES, TIMES STAFF WRITER
In a potentially embarrassing disclosure for California's commercial banks, the trade group for the state's savings and loans is distributing data this week showing that banks deny home loans in southern Los Angeles at more than twice the rate that thrifts do. The data, which appears in a newsletter being mailed out by the California League of Savings Institutions, is based on a 1990 home-lending study recently released by the Federal Reserve Board.
BUSINESS
July 23, 1988 | TOM FURLONG, Times Staff Writer
Losses continued to mount at Gibraltar Financial in Beverly Hills as the ailing savings and loan company reported Friday that it lost another $10.5 million in the second quarter, bringing total red ink in the past 12 months to more than $170 million. Though interest income rose in the quarter, the company said, earnings fell because the firm reported sharply lower gains on the sales of loans and securities.
BUSINESS
April 20, 1988 | TOM FURLONG, Times Staff Writer
Herbert J. Young, replaced recently as head of ailing Gibraltar Savings in Beverly Hills after more than 35 years with the firm, has received a lump-sum payment of $1.29 million, the company's annual proxy statement shows. Young's retirement from Gibraltar Financial, the parent company, was announced early last month. Young, 56, had been chairman of the firm for 20 years and chief executive for the past 27.
BUSINESS
May 23, 1985 | TOM FURLONG, Times Staff Writer
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 Chicago-based U.S.
NEWS
March 11, 1992 | ROBERT A. ROSENBLATT, TIMES STAFF WRITER
Federal regulators said Tuesday that falling interest rates and government takeovers of troubled thrifts helped the nation's savings and loan industry earn nearly $2 billion in 1991, putting an end to four years of massive losses. Timothy Ryan, director of the Office of Thrift Supervision, termed the performance "a milestone." He said the industry is stabilizing after being rocked by hundreds of failures caused by bad loans, risky investments and widespread fraud.
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