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.
Morningstar has added MEMBERS Trust Co.’s exchange traded fund models to its listing.
The nationally chartered and credit union-owned MEMBERS Trust Co.’s exchange traded fund models are now listed with Morningstar.
Florida CU names Wells Fargo, J.P. Morgan, Merrill Lynch and others for creating phony demand for residential mortgage loans.
The nation's largest ethnically based credit union has hired on a former banker as CEO.
Former international banker Oskar Mielczarek takes helm of nation's largest ethnic credit union.
Space Coast CU is suing Barclays and State Street Securities over investment losses that led to its takeover of Eastern Financial CU.
At Visions Federal Credit Union, the face of wealth has taken on different and nontraditional features.
After a rush of activity over the last five years, CUSOs that offer exchange-traded funds might see a slowdown in growth over the next four years.