RBS 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.

• CUNA Mutual Applauds S&P Court Order to Turn Over RBMS Records

  By Michelle A. Samaad  |  April 5, 2013

  Latest in ongoing court fight over $72 million in failed securities rated by S&P and sold by RBS Securities to CUNA Mutual.

• 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.

• 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.

• Credit Suisse Joins Lineup of NCUA MBS Targets

  By Marc Rapport  |  October 4, 2012

  Calling it one more bait-and-switch operator, the NCUA sues Credit Suisse Securities in the collapse of corporate credit unions.

• NCUA Serves Barclay’s with Securities Fraud Lawsuit

  By Heather Anderson  |  September 25, 2012

  The NCUA on Tuesday filed its ninth securities fraud lawsuit in connection with the collapse of U.S. Central and WesCorp.