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Carteret posts $149 loss for quarter. (Carteret Savings Bank)
American Banker
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August 16, 1991|
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COPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Carteret Posts $149 Million Loss for Quarter
In an apparent last-ditch effort to attract capital, Carteret Savings Bank has moved to clear the decks of problem loans, resulting in a whopping $149 million second-quarter loss.
The move knocked the $5.3 billion-asset New Jersey thrift out of compliance with all three capital requirements. Carteret, a unit of AmBase Corp., remains solvent only because of a court decision allowing it to count supervisory goodwill, an intangible asset, as capital.
Regulators Treading Lightly
Nevertheless, ...
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How we evolved into male and female.
Newspaper article from: Philadelphia Inquirer (Philadelphia, PA)
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