It's now called NewAlliance Bank; it's no longer a saving bank.

现在叫新联盟银行,它不再是一家储蓄银行了

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NewAlliance Bancshares, Inc. ( NAL) is the holding company for New Alliance Bank, formed from the conversion of New Haven Saving Bank and the acquisition of Connecticut Bancshares and Alliance Bancorp of New England.

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Internal austerity measures, including salary cuts and redundancies, proved unequal to the task of saving the bank, as the value of its assets continued to fall.

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The Japanese emphasis on face-saving then meant the bank could not reverse the policy once it became clear that a serious error had been made.

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