NCUA sues Goldman Sachs for $491 million


The National Credit Union Administration (NCUA) is suing Goldman Sachs for $491 million.

The lawsuit alleges violations of federal and state securities laws, as well as misrepresentations regarding the sale of securities to the now-failed US Central and Western Corporate federal credit unions.

NCUA claims the sellers and underwriters of the questionable securities made numerous misrepresentations in the offering documents to the two corporate credit unions. This led the unions to believe the

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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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