TITLE

The S&L mess (cont.)

AUTHOR(S)
Newman, Richard J.
PUB. DATE
December 1992
SOURCE
U.S. News & World Report;12/7/92, Vol. 113 Issue 22, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports that by settling government legal claims involving up to 50 failed banks and thrifts, the Big Six accounting firm, Ernst & Young, last week avoided what could have been more than $1 billion in penalties had the cases gone to juries. The fee was 10 times what any other professional firm had paid the government in a savings-and-loan-related case; Accountants still face more than $2 billion in legal claims for audits; More.
ACCESSION #
9212071964

 

Related Articles

  • New Cross: Registrar and auditors disagree.  // Accountancy;Feb1984, Vol. 95 Issue 1086, p4 

    Reports that the enforced 'collapse' of the New Cross Building Society was confirmed by the British Court of Appeals. Negative impact on the building society movement.

  • After New Cross, why no action? Barnes, Paul // Accountancy;Mar1984, Vol. 95 Issue 1087, p151 

    Reports on the problems of building societies in Great Britain highlighted by the collapse of the New Cross. Recommended auditing and accounting system for building societies; Need to implement long-overdue reforms.

  • CEO's shift at S&L's: One moves over, other moves out. Herbert, S.J. // Black Enterprise;Jul89, Vol. 19 Issue 12, p13 

    Examines leadership changes at two of the nation's largest black-owned Savings and Loans (S&L's). Different steps taken to battle the current S&L crisis nationwide; Forecasts black financial institution mergers for survival in the new thrift market.

  • Black S&Ls and thrift reform: The purge begins. Edmond Jr., A.A. // Black Enterprise;Nov89, Vol. 20 Issue 4, p33 

    Discusses the impact of recent thrift reform legislation on black-owned savings and loan institutions. Strict requirements that could lead to insolvency or mergers with larger banks; Efforts to preserve black thrifts through key legislative measures; Importance of black thrifts to home...

  • S&L launches investment unit. Cornell, Ryan // Crain's Cleveland Business;12/10/2001, Vol. 22 Issue 50, p5 

    Reports the launching of an investment unit of the First Federal Savings & Loan Association of Lakewood, Ohio. Partnership with the Rocky River office and the Financial Network Investment Corp; Offer of consultative opportunities; Development of costumers financial goals.

  • Better numbers for fading S&L industry. Klein, Sarah // Orange County Business Journal;11/04/96, Vol. 19 Issue 45, p23 

    Presents information on a savings and loans report on Orange County. Provision of information provided by the Office of Thrift Supervision; Expansion of the First Nationwide Bank.

  • LARGEST SAVINGS INSTITUTIONS.  // Crain's Cleveland Business;12/22/2008, Vol. 29 Issue 51, p58 

    The article lists the largest savings institutions ranked by northeast Ohio deposits, including Third Federal Savings & Loan Association, AmTrust Bank and Dollar Bank FSB.

  • Largest savings institutions. Szappanos, Anna // Crain's Cleveland Business;12/27/93, Vol. 14 Issue 52, p15 

    Presents a list of savings institutions in Cleveland, Ohio, ranked by assets. Percentage change; Net income; Non-performing loans; Tangible capital; Top local executive; Contact information.

  • Chicago's 25 largest S&Ls.  // Crain's Chicago Business;1996 Top Business Lists, Vol. 18 Issue 51, p174 

    Presents statistical information on Chicago's 25 largest Savings and Loans ranked by assets on September 30, 1994.

  • S&L earnings up.  // Mortgage Banking;Jul93, Vol. 53 Issue 10, p11 

    Reports on the increase in earnings of the savings and loan industry for the first quarter of 1993. Comparison of figures with the same period in 1992; Report by the Office of Thrift Supervision (OTS).

Share

Read the Article

Other Topics