National Credit Union Administration reached settlements with Citigroup and Deutsche Bank totaling $165.5 million. Citigroup has agreed to pay the NCUA $20.5M to reduce the losses associated with the failure of five corporate credit unions. The five failed credit unions were Western Corporate, Southwest Corporate, U.S. Central, Members United and Constitution Corporate. The mortgage-backed securities sold to the credit unions experienced “dramatic, unprecedented declines in value, effectively rendering five corporates insolvent””]
Source: https://www.cuinfosecurity.com/citi-deutsche-bank-settle-mortgage-claims-ncua-a-4243