The NCUA accuses DB of failing to meet trustee obligations when it sold bad securities to failed corporates.
Order bans Siravo from involvement with any federally insured credit union and calls for him to pay $600,000.
Seattle CU sees 65% jump in loan applications.
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...
Experienced litigators in such matters retained by agency, which declines to speculate on costs.