Standard & Poor

  • Greening the Union: How CUs can Benefit from Sustainability

    Sustainability, which was once dismissed as an idealistic fad, is now a trillion dollar industry with corporate giants such as Walmart, McDonald’s and Coca-Cola scrambling to go green.

  • Space Coast Goes After Wall St.

    The $3 billion Space Coast Credit Union recently filed suit against Merrill Lynch, Wachovia Capital, Barclays Capital, Lehman Brothers’ former CEO Richard Fuld and major U.S. credit rating agencies, Standard & Poor’s and Moody’s, alleging that the defendants caused more than $100 million in losses to Eastern Financial Florida...

  • Space Coast CEO: Mortgage Securities Suit Not an Easy Battle

    Doug Samuels, president/CEO of Space Coast Credit Union, knows its mortgage securities suit against several Wall Street giants may be an arduous undertaking.

  • Open Solutions Does Not Share S&P’s Negative Outlook

    Open Solutions Inc.’s outlook on its immediate future differs than that of one of the leading raters of debt. While continuing its “B” corporate credit rating on the privately held core processing company, Standard & Poor’s said it has downgraded its outlook “to negative from stable, reflecting uncertainty as to the...

  • PMI Group Files for Bankruptcy

    The ongoing saga involving PMI Mortgage Insurance and CUNA Mutual Group Mortgage Insurance entered into a new stage on Thanksgiving Eve when the PMI Group, PMI MI's holding company, filed for bankruptcy in federal court.

  • SEC Identifies Credit Rating Agency Weak Spots

    Despite some changes to their operations, the SEC said credit rating agencies still have more room to improve.

  • Guest Opinion: Dealing With These Uncertain Economic Times

    Following two years of modest but positive economic growth, the past few weeks have been unsettling. The U.S. government came unnervingly close to a self-induced default. Real sovereign debt crises at a number of European countries threaten another banking crisis in Europe.

  • CUNA Mutual Shrugs Off Arizona Order

    CMG Mortgage Insurance Co. said that a recent action by Arizona’s Department of Insurance placing PMI Mortgage Insurance Co. under supervision will not impact the firm’s new business originations or servicing of existing policies. 

  • Dealing With These Uncertain Economic Times

    Following two years of modest but positive economic growth, the past few weeks have been unsettling.

  • Time to Reconsider Your Dividend Rates?

    The ride that the stock market has given us over the past weeks has had all the thrills of a great theme park roller coaster. It started with the slow tick, tick, tick as our political leaders did little to resolve the debt problem. Then we had quick and furious...

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