Federal regulators accused J.P. Morgan Chase & Co. and Royal Bank of Scotland Group PLC of duping five large credit unions into buying more than $3 billion in mortgage bonds that were "destined to perform poorly," and that quickly sank the credit unions.No word from from J.P. Morgan executive William Daley on this one.
Monday, June 20, 2011
Feds Sue Bankers Over Fall in Bonds
The Wall Street Journal reports:
