The NCUA on Sept. 23 filed nine federal lawsuits in New York against eight banks over the sale of nearly $2.4 billion in mortgage-backed securities to failed corporates Southwest Corporate Federal Credit Union and Members United Corporate Federal Credit Union.
Agency action in New York federal court on same day as NCUA goes after 13 global banks in Libor price-fixing scandal.
The NCUA late Monday said it filed an antitrust lawsuit against 13 international banks involved in the Libor rate scandal.
U.S., Britain may file criminal charges this summer against Barclays employees that allegedly rigged Libor rates, according to the Wall Street Journal.
Judge says complaints lacked detail on fraud allegations against brokers but that credit union can come back with more details.
Federal court in Florida says it needs more time to review motions from banks and ratings agencies.
Oskar Mielczarek says in lawsuit that he was let go for hiring staff who weren't Polish.
Region I Director Mark Treichel will replace the retiring David Marquis as the next NCUA executive director, the agency announced Thursday.
The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...
Joint probe revealed that Barclays traders purposely manipulated the London interbank offered rate, known as Libor, for their own financial benefit.