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By Claude R. Marx |
June 27, 2011
See you in court.
After failing to reach an agreement with two of the largest investment bank to recover losses from mortgage-backed securities sold to corporate credit unions, the NCUA last week filed civil lawsuits against RBS Securities, a Royal Bank of Scotland unit, and J.P. Morgan Securities. The agency is...
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By Robert McGarvey |
June 21, 2011
NCUA is "just another disgruntled investor" to JP Morgan Securities, attorneys say after investment house settles with SEC.
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By Claude R. Marx |
May 23, 2011
The $3.1 billion Space Coast Credit Union has filed a suit against two investment firms over the alleged misrepresentation of a collateralized debt obligation that the cooperative said led to financial losses.
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By Claude R. Marx |
April 27, 2011
Space Coast CU is suing Barclays and State Street Securities over investment losses that led to its takeover of Eastern Financial CU.
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By Robert McGarvey |
April 6, 2011
The Wall Street Journal dropped the bombshell: “Banks Hit for Credit Union Ills,” read the headline on an article reporting that the NCUA was in talks with a bevy of Wall Street powerhouses (Goldman Sachs, Merrill Lynch, Citigroup and JPMorgan Chase) about the NCUA’s belief that Wall Street banks sold...
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By Claude R. Marx |
March 30, 2011
The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, according to several sources within the credit union industry.
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By Claude R. Marx |
March 23, 2011
The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, The Wall Street Journal reported today.
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By Robert McGarvey |
February 9, 2011
If you can't trust corporate credit unions, who can you trust?
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October 13, 2010
If it ain't broke, don't fix it!" This celebrated chestnut causes more damage than good and delays calls for correction. It supports defective conclusions about the true effectiveness of what is seemingly unbroken.
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By Michelle A. Samaad |
May 5, 2010
LAS VEGAS -- As industries evolve in the social media and international realms, credit unions that cling to the traditional methods of doing businesses may get left behind,
