JPMorgan Chase asked a federal court in Wichita, Kansas Friday to postpone a civil suit brought against it by National Credit Union Administration (NCUA) in the failure of four corporate credit unions until a federal appeals court has decided whether the credit union regulator waited too long to file similar securities claims against RBS Securities, Wells Fargo’s Wachovia Capital Markets and other Wall Street banks.

Friday’s request came as JPMorgan was agreeing to settle separate charges brought by the Securities and Exchange Commission (SEC) alleging the banking giant provided misstatements and faulty disclosures in the sale of billions of dollars of RMBS to investors, helping to precipitate the collapse of the housing finance market. The SEC announced the settlement Friday under which JPMorgan will pay $297 million and Credit Suisse, another Wall Street bank being sued by NCUA, will pay $120 million to settle SEC charges.

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