No Respite

More pain for worried bankers

As the waves of anxiety from Ohio's savings-and-loan panic started to calm down last week, members of the banking community desperately hoped for a respite from further turmoil. But they did not get it. Another bout of uneasiness hit the financial industry, this time inspired partly by the plight of Texas banks laden with bad loans in energy and real estate. Meanwhile, everyone from divorce lawyers to the FBI was busily looking for culprits in the failure of Home State Savings, the Cincinnati thrift whose sudden collapse last month touched off a minor financial panic. The scare forced Governor Richard Celeste...

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