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Regulator Sues J.P. Morgan, RBS Over Securities

Jun 20, 2011 | Reprints | Print

The nation’s regulator for credit unions said on Monday it has filed lawsuits against J.P. Morgan Securities and RBS Securities, alleging misrepresentation of securities backed by mortgages.

The National Credit Union Administration said the lawsuits involve damages in excess of $800 million and are related to the failure of five wholesale credit unions.

Banking & Lending

Regulator Sues J.P. Morgan, RBS Over Securities

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Regulator Sues J.P. Morgan, RBS Over Securities