Ninth suit filed so far by NCUA in the sale of toxic mortgage-backed securities to corporate credit unions.
Lawsuits pile up against Wall Street banks in corporate collapses. Three settled so far.
Jim Adamczyk can remember receiving an increase in calls from banks interested in FAIRWINDS Credit Union’s auto loan portfolio. That was as recent as 2010, said Adamczyk, executive vice president of lending, for the $1.7 billion cooperative in Orlando, Fla.
The aftermath of a $2 billion trading loss at JPMorgan Chase & Co., continues to spread both in and outside the company.
With a diverse mix of college students, state government employees and natives who commute from neighboring smaller towns, Tallahassee, Fla., may be ripe for a new financial services alternative.
Investment bank giant pulls out of sponsorship of Lower East Side People's FCU event.
The NCUA sued investment bank Goldman Sachs last week, seeking damages of more than $491 million and alleging misrepresentations by the firm when selling mortgage-backed securities to U.S Central and Western Corporate credit unions.
Agency adds to list of actions filed against investment banks in wake of corporate collapses.
Gary Easterling says it's "nice to see trend go the other way" as his $1.2 billion CU moves on buying small Indiana thrift.
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...