Glenfed Inc.: The Glendale-based parent of Glendale...

Glenfed Inc.: The Glendale-based parent of Glendale Federal Bank said net earnings were $47 million for the second quarter, up 35% from a year ago. The company said this year’s results included an after-tax gain of $81.1 million on the sale of $350 million of discounted loans, offset by a $30-million addition to general loan loss reserves and an after-tax charge of $20.4 million. Its financial performance for this quarter reflects the results of several positive restructuring actions, the company said.