BANKS
- Share via
From Times Staff and Wire Reports
Great Western to Restate Past Earnings: The Beverly Hills thrift said it will restate its earnings from 1990 and some other previous years. The action comes as the thrift is changing the way it treats, for tax purposes, money set aside for possible loan losses. The action will lower Great Western’s net worth by $67 million. Great Western said the action will not affect 1991 earnings, adding that its capital, or financial cushion against losses, remains well in excess of federal standards.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.