WesCorp’s Failure Blamed On Non-Agency MBS

Western Corporate Federal Credit Union failed because of its heavy exposure to non-agency mortgage-backed securities, according to the National Credit Union Administration Board.

  • 02 Sep 2010
Western Corporate Federal Credit Union failed because of its heavy exposure to non-agency mortgage-backed securities, according to the National Credit Union Administration Board. In a complaint filed in U.S. District Court for the Central District of California, the NCUAB charges that WesCorp departed from its traditional business model ...

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2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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