CALIFORNIA LEADS THE WAY
Don’t tell the president of Glendale Federal Savings and Loan that hard times have hit some sectors of the US home finance industry. From Norman Coulson’s point of view, business could not be better.
Over the last five years, the parent of his California-based thrift has become a publicly-traded company, raised money in Europe, launched operations in other parts of the US and retrained its staff. This new thrust — helped by declining US interest rates — has paid off in record earnings, stock price highs and a $14.8
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