October 19, 2015
Barclays PLC and Wachovia Capital Markets LLC agreed Monday to pay a combined $378 million to resolve the U.S. credit union administrator's claims that the banks made false statements when selling mortgage-backed securities that caused the failure of four credit unions.
April 21, 2015
Four federal judges jointly rebuked RBS Securities Inc. on Monday for bogging down a National Credit Union Administration MDL over mortgage-backed securities sales that allegedly helped lead to two credit unions' failure, saying the company has stalled out on providing key information.
May 06, 2014
A New York federal judge on Tuesday declined to trim a suit by the National Credit Union Administration against Wachovia Capital Markets LLC, saying it had sufficiently backed claims that the bank issued deceptive offering documents for residential mortgage-backed securities.