J.P. Morgan, others named in sale of $2.2 billion in failed mortgage-backed securities that led to collapse of WesCorp, U.S. Central and Southwest Corporate.
This year was a transformative year for credit unions. It was a year in which credit unions made the transition from the losses of recession to the stability and growth of recovery. During the year, the industry topped $1 trillion in assets and grew strongly to approach 94 million members.
Ninth suit filed so far by NCUA in the sale of toxic mortgage-backed securities to corporate credit unions.
The Small Business Administration has announced a new fund that will focus exclusively on providing capital to Michigan businesses.
New fund will focus exclusively on providing capital to Michigan businesses.
Announcement coming tomorrow, SBA says; few details released so far.
A private equity firm, the Blackstone Group, has launched talks to possibly take over FIS, the card processor for the majority of the nation's card issuing credit unions.