BANKING & FINANCE - April 22, 1994
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From Times Staff and Wire Reports
CalFed Sells $231 Million in Bad Loans: The bulk sale represents about a quarter of the bad loans California Federal Bank said it would sell to shore up its balance sheet. The Los Angeles-based thrift would not identify the buyer or say how much it received, but it said the outstanding balances of the loans totaled $231 million.
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