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.
In today’s competitive marketplace, businesses find themselves constantly challenged to grow and evolve if they want to succeed and not be deemed old fashion or out-of-date in meeting the demands of customers.
Order bans Siravo from involvement with any federally insured credit union and calls for him to pay $600,000.
U.S. Magistrate Judge Margaret A. Nagle has denied the NCUA’s motion to prevent former Director of the Office of Corporate Credit Unions Kent Buckham from giving a deposition to former WesCorp CEO Robert Siravo’s defense attorneys in the ongoing case that was originally filed by seven former WesCorp member credit...
NCUA rebuffed in preventing Kent Buckham deposition, convinces judge not to order depositions from Debbie Matz and Gigi Hyland in WesCorp case.
A call for keeping the credit union spirit alive, and for growing for the right reason, during the season of International Credit Union Day.