Wednesday, April 16, 2014
Corporate Credit Unions

NCUA Files Another Suit Over Corporate Failures

SEP 24, 2013 11:31pm ET

NEW YORK NCUA filed additional claims against underwriters of investments that led to the failure of the corporate credit unions, the latest one naming Morgan Stanley & Co. and eight other banks over $2.4 billion of faulty mortgage-backed securities sold to Southwest Corporate FCU and Members United Corporate FCUs.

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