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By Heather Anderson, Marc Rapport |
April 25, 2013
Kansas City investment CUSO sends out letter saying CEO Brian Hague, EVP Doug Richardson, have left.
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By Heather Anderson |
January 9, 2013
The NCUA filed suit late last month against David Addison, former CEO of Texans Credit Union, accusing him of breach of fiduciary duty and gross negligence that led to the $1.4 billion credit union’s April 2011 conservatorship.
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By Heather Anderson |
December 28, 2012
CNBS LLC says David Addison is one of several partners in holding company that bought 51% stake.
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By Heather Anderson |
December 27, 2012
Christopher Hamera aims to one day lead his nation's central bank.
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By Heather Anderson |
December 14, 2012
Chairman Ben Bernanke made history this week when he said the Fed would keep long term rates low until unemployment drops to 6.5% or below.
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By Heather Anderson |
May 21, 2012
JPMorgan Chase’s $2 billion failed credit risk hedge is different than the investments that led to the corporate credit union crisis. However, there are also similarities, according to industry investment experts. Specifically, overleveraging and a drive for income that compromised risk management.
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By Heather Anderson |
May 26, 2010
NEW ORLEANS -- If a $1 billion credit union used a series of advances to fund a $100 million investment in new 15-year mortgage pools, it could add as much as $600,000 to interest income in the first year.
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By Heather Anderson |
May 17, 2010
New Orleans -- If a $1 billion credit union borrowed $100 million in strategically laddered advances, and invested those funds in low-risk mortgage pools, it could add as much as $600,000 to interest income.
