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NEWS
March 23, 1995 | DENISE HAMILTON, TIMES STAFF WRITER
The Taiwanese investor received three words of advice about how to turn around the ailing savings bank he had just bought: Hire Kellogg Chan. In Chinese banking circles in Southern California, the Chan family has the same recognition as the Rockefellers. Back in the early 1960s, Chan's father, F. Chow Chan, had done battle with skeptical state regulators to obtain a charter for Cathay Bank, the first commercial bank in Chinatown. In 1973, F.
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BUSINESS
November 22, 2008 | Associated Press
Pressure intensified on Citigroup Inc. to sell part or all of itself as its stock fell below $4 a share Friday and fears escalated about future loan losses. Chief Executive Vikram Pandit told managers earlier in the day that he opposed breaking up the company, but the bank's board of directors was meeting Friday to discuss whether to do exactly that, the Wall Street Journal reported.
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BUSINESS
May 19, 1990 | From Associated Press
Four big banks are complaining to federal regulators that American Telephone & Telegraph Co. is illegally marketing a combined general credit card and phone calling card. The banks, in filings with the Federal Communications Commission, the Federal Deposit Insurance Corp. and the Federal Reserve, said the phone giant is trying to act like a bank without being subject to banking laws. They added that AT&T is improperly offering discounted long-distance calling as an inducement to gain customers.
BUSINESS
September 23, 2002 | E. SCOTT RECKARD, TIMES STAFF WRITER
Sometimes, it pays to be a bit old-fashioned. Deregulation of the financial services industry allowed Bank of America Corp. to take on the likes of Citigroup Inc. and J.P. Morgan Chase & Co. in areas such as securities underwriting and brokerage services. But the core business of the Charlotte, N.C., bank remains plain old branch banking. That retail business has been a bulwark in these tricky times, generating two-thirds of BofA's revenue.
NEWS
April 9, 1995 | DENISE HAMILTON, TIMES STAFF WRITER
The Taiwanese investor received three words of advice about how to turn around the ailing bank he had just bought: Hire Kellogg Chan. In Southern California's Chinese banking circles, the Chan family has the same recognition as the Rockefellers. Back in the early 1960s, Chan's father, F. Chow Chan, had done battle with skeptical state regulators to obtain a charter for Cathay Bank, the first commercial bank in Chinatown. In 1973, F.
BUSINESS
November 22, 2008 | Associated Press
Pressure intensified on Citigroup Inc. to sell part or all of itself as its stock fell below $4 a share Friday and fears escalated about future loan losses. Chief Executive Vikram Pandit told managers earlier in the day that he opposed breaking up the company, but the bank's board of directors was meeting Friday to discuss whether to do exactly that, the Wall Street Journal reported.
BUSINESS
September 23, 2002 | E. SCOTT RECKARD, TIMES STAFF WRITER
Sometimes, it pays to be a bit old-fashioned. Deregulation of the financial services industry allowed Bank of America Corp. to take on the likes of Citigroup Inc. and J.P. Morgan Chase & Co. in areas such as securities underwriting and brokerage services. But the core business of the Charlotte, N.C., bank remains plain old branch banking. That retail business has been a bulwark in these tricky times, generating two-thirds of BofA's revenue.
BUSINESS
July 14, 1994 | DAVID W. MYERS, TIMES STAFF WRITER
Glendale Federal Bank took its final step toward becoming a California-only savings and loan Wednesday, announcing that it has agreed to sell the last of its out-of-state banking operations to Los Angeles-based First Interstate Bancorp for $190 million in cash. First Interstate's purchase of Glendale Federal's 25-office University Savings Bank unit in Washington state should be completed by the first quarter of next year, the companies said.
CALIFORNIA | LOCAL
October 10, 2000
PBOC Holdings Inc. has agreed to acquire two branches of Universal Bank in the San Fernando Valley. The branches in Woodland Hills and Encino have a combined deposit base of approximately $54 million. Under the terms of the agreement, PBOC will pay a premium for branch deposits and assume certain loans. PBOC Holdings Inc. is the holding company for the People's Bank of California, a $3.5-billion institution headquartered in Los Angeles.
NEWS
April 9, 1995 | DENISE HAMILTON, TIMES STAFF WRITER
The Taiwanese investor received three words of advice about how to turn around the ailing bank he had just bought: Hire Kellogg Chan. In Southern California's Chinese banking circles, the Chan family has the same recognition as the Rockefellers. Back in the early 1960s, Chan's father, F. Chow Chan, had done battle with skeptical state regulators to obtain a charter for Cathay Bank, the first commercial bank in Chinatown. In 1973, F.
NEWS
March 23, 1995 | DENISE HAMILTON, TIMES STAFF WRITER
The Taiwanese investor received three words of advice about how to turn around the ailing savings bank he had just bought: Hire Kellogg Chan. In Chinese banking circles in Southern California, the Chan family has the same recognition as the Rockefellers. Back in the early 1960s, Chan's father, F. Chow Chan, had done battle with skeptical state regulators to obtain a charter for Cathay Bank, the first commercial bank in Chinatown. In 1973, F.
BUSINESS
July 14, 1994 | DAVID W. MYERS, TIMES STAFF WRITER
Glendale Federal Bank took its final step toward becoming a California-only savings and loan Wednesday, announcing that it has agreed to sell the last of its out-of-state banking operations to Los Angeles-based First Interstate Bancorp for $190 million in cash. First Interstate's purchase of Glendale Federal's 25-office University Savings Bank unit in Washington state should be completed by the first quarter of next year, the companies said.
BUSINESS
May 19, 1990 | From Associated Press
Four big banks are complaining to federal regulators that American Telephone & Telegraph Co. is illegally marketing a combined general credit card and phone calling card. The banks, in filings with the Federal Communications Commission, the Federal Deposit Insurance Corp. and the Federal Reserve, said the phone giant is trying to act like a bank without being subject to banking laws. They added that AT&T is improperly offering discounted long-distance calling as an inducement to gain customers.
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