Advertisement
YOU ARE HERE: LAT HomeCollectionsLsst Financial Services
IN THE NEWS

Lsst Financial Services

FEATURED ARTICLES
BUSINESS
August 19, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
With major financial help from outside the thrift industry, the Federal Home Loan Bank Board said Thursday that it has approved the acquisition of 12 failing Texas savings and loan associations by a diversified steel and high-technology firm. The complex rescue package, expected to cost the nation's S&L insurance fund $1.3 billion over 10 years, was a major boost for the bank board's high-priority effort to rebuild the crippled thrift industry in Texas.
ARTICLES BY DATE
BUSINESS
August 19, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
With major financial help from outside the thrift industry, the Federal Home Loan Bank Board said Thursday that it has approved the acquisition of 12 failing Texas savings and loan associations by a diversified steel and high-technology firm. The complex rescue package, expected to cost the nation's S&L insurance fund $1.3 billion over 10 years, was a major boost for the bank board's high-priority effort to rebuild the crippled thrift industry in Texas.
Advertisement
BUSINESS
December 29, 1988 | TOM FURLONG, Times Staff Writer
The years-long tale of woe at American Savings & Loan Assn. finally came to an end Wednesday as federal regulators completed a $1.7-billion rescue package for the Stockton thrift. Meanwhile, regulators formally unveiled a $5.1-billion plan to salvage five more failing S&Ls in Texas. Robert M. Bass, a 40-year-old billionaire and corporate buyout specialist from Ft.
Los Angeles Times Articles
|