BANKING
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From Times Staff and Wire Reports
BankAmerica Revises Plan to Dispose of Bad Loans: A lack of investor demand has prompted BankAmerica Corp. to scale back plans for unloading several billion dollars in problem assets. BankAmerica Corp. now expects to dispose of no more than $2 billion in bad loans acquired in this year’s merger with Security Pacific Corp., down from its previous target of $4 billion. All of the assets involved in the proposed sale to investors are real estate loans.
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