As of year-end 2012, WesCorp’s estimated losses were $5.7 billion, representing 84.4% of the nearly $6.8 billion in total estimated legacy asset losses.
Some wise person once wrote, “If we always do what we have always done, we will always get what we always got.”
During the Governmental Affairs Conference, Chip Filson announced his intention to seek an NCUA Board seat, which was the culmination of speeches and online postings criticizing the NCUA’s activities throughout the financial and corporate crises. He has launched a petition designed to force President Obama to consider him as a...
Callahan chair's bid for reform in NCUA Board appointment process not necessarily change to embrace.
Nall wrapping up 46 years with Pasadena credit union while Galizia comes to L.A. from Michigan.
Justice Department cites failed corporate in lawsuit, says S&P rigged ratings to please bank customers.
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.
Confidential deal with former WesCorp CFO wraps up cases against former officers of collapsed corporate.
Notes payoff called important milestone in efforts to resolve the failure of five corporates.
The $3 billion Catalyst Corporate FCU announced Oct. 29 the completion of its purchase and assumption of the Phoenix-based First Corporate Credit Union, a so-called pass-through corporate that struggled to gain enough scale to replace services provided by U.S. Central FCU.