BANKING

Great Western Sells $140 Million in Assets: The financial corporation said it made the sale of single-family, non-performing real estate holdings to EMC Mortgage Corp., a subsidiary of Bear Stearns Cos. Terms were not disclosed. Great Western Financial said it established a loss provision of $100 million in the third quarter in anticipation of the bulk sale and two other bulk sales that closed earlier this month. As a result of its bulk sales, auctions and retail sales, the Chatsworth-based company said it will have disposed of more than $1.6 billion in distressed assets in 1993.