National Credit Union Administration News
-
Eight lawsuits by the National Credit Union Administration Board aimed at recouping losses on mortgage-backed securities were halted by a federal judge pending an appeals court ruling.
-
Navy Federal Credit Union, the largest such institution in the U.S., is unlikely to be designated systemically important, according to a member of the Financial Stability Oversight Council.
-
Bank of America Corp. and the National Credit Union Administration reached a $165 million accord to cover losses on purchases of residential mortgage- backed securities by credit unions that failed, the agency said.
-
Barclays Plc, the U.K.’s second- largest lender by assets, paid investment bankers bonuses “incapable of justification” as employees focused on revenue at the expense of clients, according to an internal report.
-
U.S. regulators including the Consumer Financial Protection Bureau will seek public input on proposed standards to evaluate workforce diversity at banks and other financial companies.
-
The mortgage-bond market that David Tesher had described as “a wildly spinning top” was about to tumble when he convened a meeting at Standard & Poor’s Water Street headquarters in New York in March 2007.
-
JPMorgan Chase & Co. was sued for alleged securities fraud in its role as successor of Washington Mutual Bank by the National Credit Union Administration board, the liquidator of three failed federal credit unions.
-
The National Credit Union Administration board sued a J.P. Morgan Chase & Co. unit claiming Bear Stearns & Co., which it acquired in 2008, used misleading documents in selling $3.6 billion in mortgage-backed securities to four credit unions that later failed.
-
JPMorgan Chase & Co.’s Bear Stearns unit asked a federal judge to throw out a regulator’s lawsuit that claims it used misleading documents to sell $3.6 billion in mortgage-backed securities to credit unions that later failed.
-
Goldman Sachs Group Inc. was accused by the National Credit Union Administration in a lawsuit of violating federal and state laws in the sale of mortgage-backed securities to now-failed corporate credit unions.
|
|
Most Popular on Bloomberg
|
|
National Credit Union Administration Videos
|
|
Rate this Page