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Credit union sues HSBC

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The National Credit Union Administration Board filed suit against HSBC, alleging it did not fulfil trustee duties for 37 residential mortgage-backed securities trusts, the group said on Friday.

NCUA sues Morgan Stanley and others over faulty securities

Pointing The Finger

The National Credit Union Administration has filed nine lawsuits in Federal District Court in New York against Morgan Stanley and eight other institutions over the sale of nearly $2.4bn in mortgage-backed securities to Southwest and Members United corporate credit unions.

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HSBC building sign

Credit union sues HSBC

The National Credit Union Administration Board filed suit against HSBC, alleging it did not fulfil trustee duties for 37 residential mortgage-backed securities trusts, the group said on Friday.