I am aware performing such a maneuver in a 744 wouldn't make much sense, but the question is more that of it being possible, and achieving a full 360º turn ( flat turn ) in around 1' 15''...
In a glider, as in most powered GA aircraft, the turn rate would be minimal, and normally requiring one of the wings to be down, because, for instance, under most circumstances if you can add opposite aileron to keep wings level, than the opposite yaw ( roll-induced in this case ) will compensate the "rudder-induced" yaw...
Add to this that at cruise, and with the yaw limiters ( rudder ratio ) operational, a full deflection of the rudder towards one of the sides wouldn't be as effective as if the aircraft was flying lower and a lot slower, right ?