J.P. Morgan Securities

• NCUA Bank Suits in Appellate Court Hands

  By Heather Anderson  |  May 8, 2013

  In a sweeping order that delays proceedings on eight pending NCUA lawsuits against Wall Street banks over mortgage backed securities sold to failed corporate credit unions, U.S. District Judge John W. Lungstrum said April 29 that he will wait for the result of a related appeals court ruling, citing concerns...

• Judge Orders Stay of Proceedings in Eight NCUA MBS Suits

  By Heather Anderson  |  April 30, 2013

  Kansas City judge says he'll wait for appeals court decision on bid to dismiss claims over failed securities.

• Settlement Scores $165M from BofA

  By Heather Anderson  |  April 10, 2013

  The NCUA reported April 2 that it scored a $165 million win against Wall Street, reaching a settlement with Bank of America over residential mortgage-backed securities losses at failed corporate credit unions. Bank of America did not admit fault as part of the settlement, the NCUA said in a release.

• SEC Enforcement Action Penalties: $1.5 Billion and Counting

  By Michelle A. Samaad  |  April 9, 2013

  Agency posts list of actions against securities firms since financial crisis began.

• NCUA Scores $165 Million Securities Settlement with Bank of America

  By Heather Anderson  |  April 2, 2013

  Corporate collapse settlement totals now top $335 million, agency says. Lawyers to get $84 million. Corporate rescue assessment to be determined.

• Space Coast CU $100 Million CDO Suit Dismissed, Court Permits Amended Complaint

  By Michelle A. Samaad  |  March 20, 2013

  Judge says complaints lacked detail on fraud allegations against brokers but that credit union can come back with more details.

• Space Coast CU’s Mortgage-Backed Securities Suit on Hold

  By Michelle A. Samaad  |  February 8, 2013

  Federal court in Florida says it needs more time to review motions from banks and ratings agencies.

• NCUA Files Suit No. 10 Over Corporates Collapse

  By Marc Rapport  |  January 4, 2013

  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.

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  From Recession to Stability and Growth

  By Debbie Matz  |  December 19, 2012

  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.

• NCUA Sues Bear Sterns in Largest Corporate Securities Suit Yet

  By Heather Anderson  |  December 17, 2012

  Ninth suit filed so far by NCUA in the sale of toxic mortgage-backed securities to corporate credit unions.