il and gas properties, and speculative real estate ventures in the United States, its problems have not approached those of some of its major competitors.
Security Pacific Corporation is organized into three major groups. These groups are (1) the California banking system, (2) the global capital markets system, and (3) specialized financial subsidiaries (Security Pacific Bank, 1989). Report ing is consolidated for the corporation.
Profitability for the 1985 1989 time period is summarized in Table 1, which may be found below on this page. Profitabil ity is measures as follows: return on assets times leverage factor equals return on equity. Profitability at Security
Table 1
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Year Return on Assets X Leverage Factor = Return on Equity
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