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By Heather Anderson |
June 6, 2012
Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.
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By Claude R. Marx |
November 6, 2011
The NCUA has failed to prove that J.P. Morgan Securities the firm made “material misrepresentations” to the corporate credit unions when selling them residential mortgage-backed securities, according the firm’s court filing. And with that J.P. Morgan asked a federal judge to dismiss the agency’s June lawsuit against it.
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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 Jim Rubenstein |
October 28, 2010
The NCUA-conserved Southwest Corporate Federal Credit Union, seeking industry input on its next direction, has now whittled down its volunteer "advisory council" from 140 CU executives to a 13-member executive committee.
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By Michelle A. Samaad |
September 27, 2010
The CUSOs owned by the three corporate credit unions placed in conservatorship Sept. 24 remain open for business today.
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By Lindsey Siegriest |
July 21, 2010
The economic environment over the past few years has produced rapid changes. Some changes have brought opportunity, others have brought hardship and tough times and some will continue to force credit unions to adapt.
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June 23, 2010
An old face gets a new look in Southwest Corporate Federal Credit Union's new education effort aimed at helping credit unions tighten their computer security defenses.
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By Marc Rapport |
May 18, 2010
An old face gets a new look in Southwest Corporate Federal Credit Union's new education effort aimed at helping credit unions tighten their computer security defenses.
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By Heather Anderson |
April 7, 2010
The Wisconsin-based monoline insurer subsidiary of Ambac Financial Group has restructured its residential mortgage-backed securities guarantees into a separate,
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By Heather Anderson |
March 29, 2010
Ambac Assurance Corporation announced it restructured its residential mortgage backed securities guarantees into a separate "segregated account" after the Wisconsin Insurance Commissioner successfully petitioned to take control of the fund.
