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June 2, 1985
Corporate offices of Deauville Savings & Loan Assn. have been established at Century City North, 10100 Santa Monica Blvd. in a 10-year lease valued at $6 million, according to Julien J. Studley Inc. and Lake Shore Management Corp., respective brokers.
April 2, 2014 | E. Scott Reckard
Willful and self-assured, Charles H. Keating Jr. strode through a life of outsized public roles -- anti-pornography crusader, luxury hotel developer, political kingmaker -- on his way to becoming one of the nation's most notorious corporate rogues. The harshest spotlight arrived in 1989 when regulators seized his Lincoln Savings & Loan after years of battles. The failure of the Irvine thrift, which had bankrolled Keating's high-rolling investments, cost the government $3.1 billion, then the costliest bank collapse in U.S. history.
February 21, 1986
Less than a week after seizing American Diversified Savings Bank of Costa Mesa, federal regulators filed a $76.6-million lawsuit against Ranbir Sahni, American Diversified's controversial majority owner and former chairman, and Lester Day, the S&L's former president, alleging the two committed various acts of fraud and racketeering while officers of the failed S&L. The Federal Savings and Loan Insurance Corp.
February 12, 2014 | By Carolyn Kellogg
Kim Cooper is steeped in L.A. history. With her husband, she runs the cultural bus tour service Esotouric , which takes people to the curious and criminal places of Los Angeles' past. Some of their tours are specifically literary, following James M. Cain and Raymond Chandler through their lives in L.A. and the fictions they wrote here. Cooper, who has written books before (she helped her grandmother write "Fall in Love for Life" and is the author of the 33 1/3 book about Neutral Milk Hotel, "In the Aeroplane Over the Sea")
February 15, 1986 | TOM FURLONG, Times Staff Writer
Great Western Savings, marking its first retail branch expansion outside California, Friday acquired the deposits of a failed savings and loan in northern Florida for $20.9 million. Great Western said it agreed to assume an estimated $66 million in insured deposits from Intercapital Savings Bank, a one-office S&L in Jacksonville Beach. The Florida financial institution was seized by savings and loan regulators Friday afternoon.
May 14, 1985 | HEIDI EVANS, Times Staff Writer
Equitable Savings & Loan Assn. has been sold for an undisclosed amount to a group of Northern California investors who promise to breath new life into the ailing Stanton-based thrift. The new owners, Vesteq Financial Services Inc. of San Mateo, replaced the previous management and plan to pump in $3.5 million in cash as well as $2.
March 19, 1987 | JAMES S. GRANELLI, Times Staff Writer
Burdened by a major money-losing real estate venture, overvalued securities and internal turmoil, Perpetual Savings Bank was declared insolvent and seized Wednesday by state and federal regulators, who funneled its assets into a new savings and loan. Perpetual Savings Assn., the new federally chartered S&L, will open for business as usual this morning at its two offices--one at its headquarters in Santa Ana and the other near Los Angeles International Airport.
February 14, 1987 | JAMES S. GRANELLI, Times Staff Writer
The continuing investigation into the affairs of the failed North America Savings & Loan Assn., its late owner and his confidante has produced a truckload of records seized in Costa Mesa and Riverside in the last 11 days and given federal regulators a trail that may lead to Panama. In addition, court papers filed by the Federal Savings and Loan Insurance Corp. suggest that some people may be trying to conceal records of the Santa Ana institution, its late owner, Duayne D.
December 6, 1985 | BILL RITTER, San Diego County Business Editor
Federal regulators are apparently stepping up their efforts to sell troubled Central Savings & Loan Assn., which since May has been managed by an Arizona bank. Two weeks ago, two would-be Central buyers--Citicorp Savings and American Capital Corp.--sent teams of executives to San Diego to review Central's books and records. The examination, according to industry sources, was apparently solicited by the Federal Home Loan Bank Board.
February 12, 1987 | JAMES S. GRANELLI, Times Staff Writer
The business manager and confidante of North America Savings & Loan Assn.'s late owner has been sued by federal regulators, who charge she defrauded the Santa Ana institution of more than $21 million and caused its collapse last month. In a suit filed late Tuesday in U.S. District Court, the Federal Savings and Loan Insurance Corp. accused Janet McKinzie and the late Duayne D.
November 22, 2013 | By Yvonne Villarreal
On a balmy midsummer evening at Griffith Park, a game of TV cops and mobsters is afoot. Guns are holstered, trench coats are cinched and bruises are being smudged onto actors. And then, in mock dramatic fashion, Frank Darabont steps out of the shadows on the set of his 1940s L.A. noir drama "Mob City" and lights a cigarette. "Time to play," said the 54-year-old writer and executive producer of the upcoming series, which premieres Dec. 4 on TNT. "We want people to dig this show.
November 11, 2013 | By Robert J. Lopez
High pressure will cause temperatures in inland areas of Los Angeles County to reach the 80s and low 90s beginning Tuesday, according to the National Weather Service. The highs in Woodland Hills could hit 90 on Tuesday and 93 on Wednesday, the Weather Service said. The warmest weather is expected Wednesday, and temperatures could be as high as 14 degrees above normal. A warm and dry mass of air will help lead to northeast winds and low relative humidity in the Santa Clarita Valley and other inland areas.
July 2, 2013 | Jack Leonard and Richard Winton
U.S. Department of Justice officials have demanded that Los Angeles County, Lancaster and Palmdale pay a total of $12.5 million to residents who the federal government found were victims of harassment and intimidation in the Antelope Valley. The demand coincides with last week's accusation by the Justice Department that Antelope Valley authorities conducted a systematic effort to discriminate against African Americans who received low-income subsidized housing and that sheriff's deputies engaged in widespread unlawful searches of homes, improper detentions and unreasonable force.
November 20, 2012 | By David Undercoffler
There will be a rare cat sighting in Los Angeles next week. That's when Jaguar's ultra-exclusive XFR-S will make its world debut at the Los Angeles Auto Show. The automaker says it will bring to the U.S. only 100 examples of this high-performance sedan in 2014. Jaguar is mum on powertrain details and additional photos, but some educated guessing says to expect the same 5-liter, supercharged V-8 that's found on the only other R-S car Jaguar makes, the XKR-S coupe and convertible.
September 26, 2012 | By Kate Linthicum and Andrew Blankstein, Los Angeles Times
Federal officials brought their war on medical marijuana dispensaries to Los Angeles on Tuesday, raiding several shops and issuing warning letters to dozens more. Officials at the U.S. attorney's office said it was the first large-scale federal action taken against cannabis shops in the city, and said more will probably follow. "We couldn't do all of L.A. at once," said Thom Mrozek, a spokesman for the office. "There's just too many stores. " The crackdown adds a dramatic element to the already tense fight over the fate of medical marijuana dispensaries in the city.
June 6, 2012 | By Jack Leonard, Los Angeles Times
Veteran prosecutor Jackie Lacey led in early voting returns Tuesday in her bid to become Los Angeles County's first African American and first female district attorney, with Deputy Dist. Atty. Alan Jackson and Los Angeles City Atty. Carmen Trutanich competing for a place in a November runoff. Lacey's strong showing was somewhat of a surprise in an election in which Trutanich was widely viewed as the favorite to become the county's top prosecutor. The early count included mail-in ballots turned in before election day and more than a third of precincts reporting from votes cast at the polls.
June 24, 1987 | JAMES S. GRANELLI, Times Staff Writer
Pacific Savings Bank lost a staggering $109.5 million in 1986, largely because out-of-state real estate investments went sour for the Costa Mesa-based S&L, according to an audited financial statement released Tuesday. The financial statement also shows that Pacific Savings ended the year with a negative net worth of $69.3 million, far below the $44.5-million positive net worth required by the Federal Savings and Loan Insurance Corp.
June 26, 1987
James A. Taylor, chairman of Fidelity Federal Savings & Loan Assn. and its parent company, Citadel Holding Corp., was named to the additional title of CEO of the S&L. The post had been vacant since January when Gerald D. Barrone resigned. Taylor, who has served as a director since 1974, was named chairman of the Glendale-based holding company and S&L in 1985.
June 5, 2012 | By E. Scott Reckard, Los Angeles Times
As one of the first women to hold a position of power on Wall Street, Marion O. Sandler was notable even before she and her husband, Herbert, spent 43 years building Oakland's World Savings Bank into such a major - and ultimately controversial - adjustable mortgage lender. Sandler, the daughter of Jewish immigrants from Lithuania and Russia, exploited her keen analytic skills to become Dominick & Dominick's first female executive in 1955 and joined Oppenheimer & Co. as a savings and loan analyst in 1961.
March 25, 2012 | By Randy Lewis, Los Angeles Times
The '80s were a turbulent time in the City of Angels. Gentrification and revitalization of downtown and Hollywood Boulevard were still years away, the punk subculture had yet to be co-opted by suburban shopping malls and relations between law enforcement and the region's racial minorities exploded from time to time. Evocative and provocative images of such themes are at the heart of "Faraway So Close: Photographs of Los Angeles in the '80s," a group show running through Saturday at the Morono Kiang Gallery in the Bradbury Building downtown.
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