Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.
Lawyers for Wachovia Capital Markets filed documents in Kansas City Federal Court asking the court to dismiss NCUA’s securities fraud case against the firm now owned by Wells Fargo. Central to Wachovia’s argument is a question that has haunted the NCUA ever since the collapse of U.S. Central FCU: Why...
Filings in suit over U.S. Central losses show bank says corporates knew the risks of investing in mortgage-backed securities.
Saying that it failed to disclose the risks to two now-defunct corporate credit unions, the NCUA is suing the company formerly known as Wachovia Securities.
Agency goes after firm now known as Wells Fargo Securities for mortgage-backed securities sales to U.S. Central, WesCorp.
Former Wachovia customers in South Carolina, Florida report getting other people's statements.
The Virginia Credit Union League is telling its credit unions to take advantage of the vanishing Wachovia logo following the Wells Fargo takeover.