The NCUA late Monday said it filed an antitrust lawsuit against 13 international banks involved in the Libor rate scandal.
More exam authority for federal regulators? Maybe The Man is out to get you.
The NCUA announced Aug. 30 it filed a suit in Federal District Court in Kansas two weeks earlier against another Wall Street firm that the regulator said sold faulty mortgage-backed securities to failed corporates U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.
Agency announces Friday it sued Morgan Stanley on Aug. 16 over fault mortgage-backed securities.
Hayes succeeds Chris McDonald, now at Northwest FCU, after arriving in 2010 from WesCorp.
80% of NCUA lawsuit claims waved forward after Kansas Federal District Court ruling.
The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...
Two member credit unions say they aren’t running for the exits at Corporate America Credit Union following the July 3 announcement that CEO Thomas Bonds had resigned from the $3.3 billion corporate. However, they expressed disappointment and concern that the maverick and charismatic leader will no longer lead the Irondale,...
Members, merger partner stick around following last week’s announcement that CEO Thomas Bonds had resigned from the $3.3 billion corporate.
NCUA order allows Thomas Swedberg to work for natural person credit unions, but not corporates.