U.S. Central

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  Governance Lessons From the U.S. Central Failure

  By François Henriquez  |  December 19, 2012

  A little over a month ago, the NCUA unceremoniously brought to a close the four-year saga of the failure and conservatorship of U.S. Central, the one-time $52 billion corporate credit union.

• Former U.S. Central Attorney & CEO Joins Miami Firm

  By Heather Anderson  |  November 5, 2012

  Former U.S. Central Bridge Attorney Moves to Florida firm.

• U.S. Central Formally Gone, Liquidity Rule Comments Under Review

  By Marc Rapport  |  October 30, 2012

  NCUA declares three-year corporate system rescue effort complete.

• 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.

• Kansas Court Moves NCUA’s Corporate Loss Lawsuits Forward

  By Heather Anderson  |  July 27, 2012

  80% of NCUA lawsuit claims waved forward after Kansas Federal District Court ruling.

• Kansas Judge Consolidates Two NCUA Securities Fraud Suits

  By Heather Anderson  |  June 6, 2012

  Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.

• Corporates React to U.S. Central Closure Plans

  By Robert McGarvey  |  January 11, 2012

  With the release to memos from the NCUA and U.S. Central, corporates are getting a better idea of how the corporates' corporate will wind down, and they're ready.

• The U.S. Central “Wind Down” - Why It Happened, What It Means

  By Robert McGarvey  |  December 23, 2011

  Corporates say they're ready; NAFCU's Becker says FOI request sent to NCUA to find out more.

• NCUA Sues Wachovia Securities Over Corporate Losses

  By Claude R Marx  |  December 4, 2011

  Saying that it failed to disclose the risks to two now-defunct corporate credit unions, the NCUA is suing the company formerly known as Wachovia Securities.

• NCUA Sues Wachovia Securities over Corporate Credit Union Losses

  By Claude R. Marx  |  November 29, 2011

  Agency goes after firm now known as Wells Fargo Securities for mortgage-backed securities sales to U.S. Central, WesCorp.