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Effective with the opening of business on October 10th, 2023, Computershare Trust Company,
N.A. account number 2415 will activate the following additional account:
https://www.dtcc.com/-/media/Files/pdf/2023/10/9/19150-23.pdf
SIGCRE-23 Sale Announcement
$33.22 Billion Commercial Real Estate Loan Portfolio
The FDIC in its capacity as Receiver for Signature Bridge Bank, N.A. is conducting a competitive sealed-bid sale comprised of 5,137 commercial real estate loans having an unpaid principal balance (UPB) of approximately $33.22 billion. The loans will be offered in 14 pools: 12 joint venture pools ranging from $267.54 million to $5.92 billion and 2 all-cash pools at $309.26 million and $899.06 million. The 12 joint venture pools will be offered to all interested parties meeting FDIC’s qualification criteria. Six (6) of the 12 joint venture pools are being offered with optional leverage. Three (3) of the joint venture pools will have a cash purchase option. The 2 all-cash pools include loans with interest rate swaps and loan participations, and bidders for such all-cash pools will be limited to FDIC-insured depository institutions. The size and composition of the pools are subject to change.
Please review the SIGCRE-23 Sealed Bid Sale Announcement to learn more.
For additional information please contact Newmark via email at NewmarkSBBPortfolio@nmrk.com
KEY DATES
Bidder Due Diligence Begins September 18, 2023
Calculation Date October 13, 2023
Bid Date November 1, 2023
Close Date On or before December 14, 2023
https://www.fdic.gov/buying/otherasset/failedbank/index.html
What a great way to pay us off as retail without an earthquake. Signature Bank to First Republic to FICA to JPM.
"90th Anniversary Banner
PRESS RELEASE | SEPTEMBER 5, 2023
FDIC Announces Start of Marketing Process for $33 Billion Commercial Real Estate Loan Portfolio of Former Signature Bank, New York"
"WASHINGTON – Today, the Federal Deposit Insurance Corporation (FDIC) announced the start of a marketing process for the approximately $33 billion Commercial Real Estate (CRE) loan portfolio retained in receivership following the failure of Signature Bank, New York, New York."
[https://www.fdic.gov/resources/resolutions/asset-sales/?source=govdelivery&utm_medium=email&utm_source=govdelivery](https://www.fdic.gov/resources/resolutions/asset-sales/?source=govdelivery&utm_medium=email&utm_source=govdelivery)
SIGCRE-23 Sale Announcement
$33.22 Billion Commercial Real Estate Loan Portfolio
The FDIC in its capacity as Receiver for Signature Bridge Bank, N.A. is conducting a competitive sealed-bid sale comprised of 5,137 commercial real estate loans having an unpaid principal balance (UPB) of approximately $33.22 billion. The loans will be offered in 14 pools: 12 joint venture pools ranging from $267.54 million to $5.92 billion and 2 all-cash pools at $309.26 million and $899.06 million. The 12 joint venture pools will be offered to all interested parties meeting FDIC’s qualification criteria. Six (6) of the 12 joint venture pools are being offered with optional leverage. Three (3) of the joint venture pools will have a cash purchase option. The 2 all-cash pools include loans with interest rate swaps and loan participations, and bidders for such all-cash pools will be limited to FDIC-insured depository institutions. The size and composition of the pools are subject to change.
Please review the SIGCRE-23 Sealed Bid Sale Announcement to learn more.
For additional information please contact Newmark via email at NewmarkSBBPortfolio@nmrk.com
KEY DATES
Bidder Due Diligence Begins September 18, 2023
Calculation Date October 13, 2023
Bid Date November 1, 2023
Close Date On or before December 14, 2023
SIGF-23 Sale Announcement
$18.5 Billion All Cash Loan Sale
The FDIC in its capacity as Receiver for Signature Bridge Bank, N.A. is conducting a competitive sealed-bid sale that includes approximately $18.5 billion in unpaid principal balance (UPB) comprised of 201 loans made to private equity funds and offered in four pools. The portfolio has $14.7 billion of associated unfunded commitments. The four pools consist of whole loans, non-lead syndicated loans and lead syndicated loans that range in UPB from $4.4 billion to $4.9 billion. Bidders will be limited to FDIC-insured depository institutions or commercial banks which certify, among other things, that they are not competitors of the borrowers. The size and composition of the pools are subject to change.
Please review the SIGF-23 Sale Announcement to learn more.
For additional information please contact Newmark via email at NewmarkSBBPortfolio@nmrk.com
KEY DATES
Bidder Due Diligence Begins August 7, 2023
Calculation Date August 25, 2023
Bid Date September 12, 2023
Close Date October 2, 2023
Within DTCC, they can change like the weather. We can only Hope but IMO yes
The Depository Trust Company (DTC) will provide limited services on Columbus Day, Monday, October
9, 2023.
ISO 20022 Messaging Availability on Columbus Day, October 9, 2023
"• Participant Browser Services (PBS), and Participant Terminal System (PTS) will be available on
Monday, October 9, 2023 for limited processing. There will be no US cash allocations on
Columbus Day, October 9, 2023, however, stock allocations will be made. "
https://www.dtcc.com/.../Files/pdf/2023/9/29/19100-23.pdf
https://www.dtcc.com/-/media/Files/pdf/2023/9/29/19100-23.pdf?fbclid=IwAR3AGxhy-2E3-in8jqu1zkv75Xs9qVj6di7yNTcOWlAOa357qDXwJx1v988
This was last year we are due a meeting now
JOINT REPLY MEMORANDUM OF LAW in Support re: (625 in 1:11-cv-05450-NRB, 3733 in 1:11-md-02262-NRB) MOTION to Approve Final Approval of Settlement with Defendants MUFG Bank, Ltd., The Norinchukin Bank, and Societe Generale. Document filed by City of New Britain, Jennie Stuart Medical Center, Inc., Mayor and City Council of Baltimore, Vistra Energy Corp., Yale University. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB.
Federal Deposit Insurance Corporation as Receiver for (Following 20 banks):
a.Amcore Bank, N.A.
b.AmTrust Bank
c.California National Bank
d.Colonial Bank
e.Corus Bank, N.A.
f.Guaranty Bank
g.Imperial Capital Bank
h.Indy Mac Bank, F.S.B.
i.Integra Bank, N.A.
j.Lydian Private Bank
k.Pacific National Bank
l.Park National Bank
m.R-G Premier Bank of Puerto Rico
n.San Diego National Bank
o.Silverton Bank, N.A.
p.Superior Bank
q.United Commercial Bank
r.United Western Bank
s.Washington Mutual Bank
t.Western bank Puerto Rico
DOCKETBIRD.COM
In re: Libor-Based Financial Instruments Antitrust Litigation: Exhibit A
DarkB4Dawn Re: ron_66271 post# 717111
Saturday, October 07, 2023 9:52:47 AM Post# 717115
Washington Mutual Bank & its subsidiary WMB FSB = 10015
Failed Bank List
This list includes banks that have failed since Oct 1, 2000 https://www.fdic.gov/.../bank-failures/failed-bank-list/
The number is related to the numerical order of banks on their list. 10,544 currently, JMHO, a lot of banks
It's great to see more closures but there are 39 additional banks open dating back to the year 2000 that have been open longer than WMB's receivership.
The FDIC has seemingly unlimited time to close receiverships and do so on their own terms. Again, JMO. Have a good weekend everyone.
Soon when????
"The Acting Chairman asked if there was anything else for today’s
meeting.
Closing Remarks
Following the presentations and all of the related
discussion, Acting Chairman Gruenberg thanked the members for
participating in the meeting and for their very helpful
feedback. He expressed that he is looking forward to meeting
with the Committee again next year.
https://www.fdic.gov/about/advisory-committees/systemic-resolutions/pdfs/2022-11-09-minutes.pdf
QUOTE FROM: DEEKSHANT
Sys, this is already given. Refer to
"No Acknowledgement or Admission: Nothing in either this agreement or the DOJ Agreement shall constitute an admission or imply that JPM or any of its subsidiaries or affiliates became successor-in-interest to Washington Mutual Bank, Wamu Capital Corp., Long Beach Securities Corp., Wamu Asset Acceptance Corp., or assumed any particular liability of Washington Mutual Bank, Wamu Capital Corp., Long Beach Securities Corp., Wamu Asset Acceptance Corp., when JPM purchased the assets and assumed certain liabilities of WMB pursuant to the P&A Agreement date Sept 25, 2008 between JPM and FDIC in its corporate capacity and its capacity as receiver for WMB"
Most Important #'s and on JPM site as press release on the JPM site:
The blueprint for FDIC/JPM settlement all for Bucket 1 and our Bucket 2 settlement of 800B in Brookfield.
JPMorgan Chase acquires substantial majority of assets and assumes certain liabilities of First Republic Bank
– May 01, 2023New York
JPMorgan Chase to protect all deposits -- insured and uninsured -- bringing its financial strength, capabilities and capital to the U.S. banking system and First Republic
No systemic risk exception required; a competitive bid process minimized costs to the Deposit Insurance Fund
New York, May 1, 2023 – JPMorgan Chase (NYSE: JPM) today announced it has acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction, JPMorgan Chase is supporting the U.S. financial system through its significant strength and execution capabilities. As part of the purchase, JPMorgan Chase is assuming all deposits – insured and uninsured.
“Our government invited us and others to step up, and we did,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase. “Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund.”
Dimon added, “This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise.”
Key transaction elements following the FDIC’s competitive bidding process include:
Acquisition of the substantial majority of First Republic Bank’s assets, including approximately $173 billion of loans and approximately $30 billion of securities
Assumption of approximately $92 billion of deposits, including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation
FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing
JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stock
First Republic branches will open on Monday, May 1, as normal, and clients will continue to receive uninterrupted service, including digital and mobile banking capabilities.
As a result of this transaction, JPMorgan Chase expects to:
Recognize an upfront, one-time, post-tax gain of approximately $2.6 billion, which does not reflect the approximately $2.0 billion dollars of post-tax restructuring costs anticipated over the next 18 months
Remain very well-capitalized with a CET1 ratio consistent with its 1Q 24 target of 13.5% and maintain healthy liquidity buffers
The transaction is expected to be modestly EPS accretive and generate more than $500 million of incremental net income per year, not including the approximately $2.6 billion one-time post-tax gain or approximately $2.0 billion of post-tax restructuring costs expected over the course of 2023 and 2024.
The acquired First Republic businesses will be overseen by JPMorgan Chase’s Consumer and Community Banking (CCB) Co-CEOs, Marianne Lake and Jennifer Piepszak.
“First Republic has built a strong reputation for serving clients with integrity and exceptional service,” said Lake and Piepszak. “We look forward to welcoming First Republic employees. As always, we are committed to treating employees with respect, care and transparency.”
JPMorgan Chase will:
post an investor presentation with additional deal details on its Investor Relations website at approximately 7:00 a.m. ET on Monday, May 1
host a media call at 8:00 a.m. ET and an analyst and investor call at 8:30 a.m. ET featuring Jamie Dimon, and CFO, Jeremy Barnum, on Monday, May 1
As noted above, JPMorgan Chase will host a conference call for analysts and investors on Monday, May 1, at 8:30 a.m. (ET) to discuss the transaction. The general public can access the call by dialing (888) 324-3618 in the U.S. and Canada, or (312) 470-7119 for international callers; using passcode 1364784#. Please dial in 15 minutes prior to the start of the call. The live audio webcast and presentation slides will be available on the Firm’s website, www.jpmorganchase.com, under Investor Relations.
Still in the works must be soon IMO
"MUFG Bank, LTD., The Norinchukin Bank, and Société Générale Settlement Requests for ExclusionExclusion
#Name of Class Member1Federal Deposit Insurance Corporation as Receiver for:a.Amcore Bank, N.A.b.AmTrust Bankc.California National Bankd.Colonial Banke.Corus Bank, N.A.f.Guaranty Bankg.Imperial Capital Bankh.Indy Mac Bank, F.S.B.i.Integra Bank, N.A.j.Lydian Private Bankk.Pacific National Bankl.Park National Bankm.R-G Premier Bank of Puerto Ricon.San Diego National Banko.Silverton Bank, N.A.p.Superior Bankq.United Commercial Bankr.United Western Banks.Washington Mutual Bankt.Westernbank Puerto Rico2The Federal Home Loan Mortgage Corporation (“Freddie Mac”)3Federal National Mortgage Association (“Fannie Mae”)4Devon Energy Production Company, L.P.5Allegheny County Case 1:11-md-02262-NRB Document 3762-1 Filed 10/06/23 Page 2 of 2
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-A/nysd-1:2011-md-02262-03762-001
"Introduction
JPMorgan Chase (NYSE:JPM) is a household name in the financial sector. With a market capitalization of approximately $415B and a worldwide brand recognition, the bank is seen as a leader in its sector. Its financial performance is strong, and although there's a push from US regulators forcing the banks to shore up their capital ratios, JPMorgan shouldn't have any difficulties to reduce the total amount of risk-weighted assets by securitizing a portion of its loan portfolio. "
"In fact, the pre-tax income increased to $17.6B thanks to the lower net non-interest expenses and the higher net interest income. As you can see above, the $17.6B already includes the impact of a $2.9B loan loss provision despite that provision being about 20% higher than in the first quarter of this year. After taking the relevant taxes into account as well as deducting the net income attributable to the minority shareholders, JPMorgan reported a net profit of $14B. This represented an EPS of $4.76 and pushed the H1 EPS to $8.86. I can't say this was a surprise as in my previous article I had already argued the bank's common stock may offer a better total return perspective than the preferred shares as JPM completed the purchase of the First Republic Bank assets."
"In the third quarter of 2021, JPMorgan issued 80 million units of its Series M preferred shares. The M-series are a non-cumulative preferred share with an annual preferred dividend of 4.20% per year which results in $1.05 per share, paid in quarterly installments. The 80 million units have a total value of $2B, so this was a relatively sizable issue by JPMorgan as the bank was obviously taking advantage of the low interest rates on the financial markets."
https://seekingalpha.com/article/4639377-jpmorgan-chase-6-percent-yield-on-preferred-shares-potential-capital-gains
https://seekingalpha.com/filing/5639828?hasComeFromMpArticle=true
"
Item 8.01.
Other Events.
On July 29, 2021, the Company completed the issuance and sale of 200,000 Shares, which Shares were deposited against delivery of Depositary Receipts evidencing 80,000,000 Depositary Shares, pursuant to an Underwriting Agreement, dated July 22, 2021, among the Company, J.P. Morgan Securities LLC and the other several underwriters named therein. The sale of the Depositary Shares was made pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-230098), as amended. In connection with this offering, the legal opinion as to the legality of the Depositary Shares and the Series MM Preferred Stock is being filed as Exhibit 5.1 to this Current Report on Form 8-K."
At this time I will take anything of value, even JPM
Do not know if these are connected but to be acurate. Study and still look for this weekenk or postponed ?????
"Postponed: ITP CTM Weekend Maintenance
WHAT: CTM will be undergoing planned maintenance between 4:00 AM on November 4 and 12:00 PM on November 5, 2023. DTCC will send reminders closer to these dates. This maintenance was originally planned for the weekend of October 7, 2023.
CLIENT ACTION: Clients should NOT submit trades into CTM during this time. This is applicable to all clients that utilize CTM and submit transactions during the maintenance window. Any trades submitted during this timeframe may end up in an unrecoverable state.
FOR MORE INFORMATION: Please contact the Client Contact Center or your Relationship Manager directly with any further questions.
MATERIALS.DTCC.COM
materials.dtcc.com
The Depository Trust Company (DTC) will provide limited services on Columbus Day, Monday, October
9, 2023.
ISO 20022 Messaging Availability on Columbus Day, October 9, 2023
"• Participant Browser Services (PBS), and Participant Terminal System (PTS) will be available on
Monday, October 9, 2023 for limited processing. There will be no US cash allocations on
Columbus Day, October 9, 2023, however, stock allocations will be made. "
https://www.dtcc.com/-/media/Files/pdf/2023/9/29/19100-23.pdf
Given to us on September 18th ???????????? Double settlement
"COLUMBUS DAY 2023 SCHEDULE
TRADE
DATE
T+1
SETTLEMENT
T+2
SETTLEMENT
10/04 10/05 10/06
10/05 10/06 10/10
10/06 10/10 10/11*
10/09 10/10 10/11*
10/10 10/11 10/12
*Double Settlement
https://www.dtcc.com/-/media/Files/pdf/2023/9/12/18992-23.pdf
Still Hoping that the Susman group have a decent remedy. We have neither the $$$$ or the legal direction
Oh the coincidence
FDIC waterfall is getting ready IMO
By notational vote, the Board approved a Notice of Proposed Rulemaking on Proposed Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions with Total Consolidated Assets of $10 Billion or More to be added as Appendix C to Part 364 of the FDIC’s Rules and Regulations Standards for Safety and Soundness.
https://www.fdic.gov/news/board-matters/2023/board-meeting-100323-notational.html
How can we be separated especially with those 6 Banks, very interesting.
Payment to us??????
"IT IS SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 10/3/2023) Filed In Associated Cases: 1:11-md-02262-NRB, 1:12-cv-05822-NRB, 1:12-cv-06693-NRB. (mml) Transmission to Finance Unit (Cashiers) for processing."
I also think that $$$$ 50 Bil loaned by FDIC to JPM + all other assets with no anouncement.
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Here comes the Judge Yea!!!!!!!!!
JPMorgan Chase plans more securitizations after new capital rule proposal - report
Oct. 05, 2023 8:13 AM ETJPMorgan Chase & Co. (JPM)By: Liz Kiesche, SA News Editor
https://seekingalpha.com/news/4018582-jpmorgan-chase-plans-more-securitizations-after-new-capital-rule-proposal-report
Thanks Ron great dd and the only uplifting and positive support for retail presented. The lack of feduciary responsibility for this travestry should have pain and suffering attached. You must know how difficult to deal with this MB. Not all but most. :) Thanks
As I have often said Players, timing and money never sleeps. Could be sooner than you think.
# Date Description
376010/03/2023ORDER AUTHORIZIG DISTRIBUTION OF THE CITIBANK, JP MORGAN CHASE, BANK OF AMERICA, AND HSBC NET SETTLEMENT FUNDS TO NON-DEFENDANT OTC PLAINTIFF CLAIMANTS granting (3736) Motion to Authorize in case 1:11-md-02262-NRB; granting (281) Motion to Authorize in case 1:12-cv-05822-NRB; granting (264) Motion to Authorize in case 1:12-cv-06693-NRB. NOW, THEREFORE, IT IS HEREBY ORDERED that Non-Defendant OTC Plaintiffs' motion is GRANTED as follows: 1. The Claims Administrator's administrative determinations concerning the claims submitted to the Citibank, JP Morgan, Bank of America, and HSBC settlements are hereby approved. Consistent with the recommendation of Class Counsel, late-filed claims submitted before December 20, 2021, shall be accepted if otherwise valid. 2. The Claims Administrator shall distribute payments to authorized claimants from the net settlement funds as proposed by Class Counsel and reflected in Exhibit C to the Rabe Declaration. 3. Any further claims against the net settlement funds for these settlements are finally and forever barred. 4. Non-Defendant OTC Plaintiffs' Class Counsel, Rust and all individuals who were involved in the process ing and validation of claims, calculation of distributions to claimants, or any other aspect of the claims administration process, are hereby released and discharged from any and all claims arising out of such involvement. 5. The Court retains jurisdiction over any further application or matter which may arise in connection with the administration of these settlements. IT IS SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 10/3/2023) Filed In Associated Cases: 1:11-md-02262-NRB, 1:12-cv-05822-NRB, 1:12-cv-06693-NRB. (mml) Transmission to Finance Unit (Cashiers) for processing.
10/02/2023LETTERS ROGATORY ISSUED on 10/2/2023 to be served Ministre de la Justice in France. Documents picked up by Mayer Brown LLP. (Text entry; no document attached.)
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Thanks Ron Time to get paid
Believe it was settled and dismissed IMO Nice try GWC
"A memorializing Order accompanies this Memorandum Opinion. "
"The Anico Case was dismissed.
“Finding that the plaintiffs were required to pursue their claims against the FDIC as receiver through the process provided by Congress in FIRREA.”
“(applying the Act's jurisdictional bar to claims against assuming bank because the claims were "directly related to acts or omissions of the FDIC as the receiver of" the failed bank). That is precisely what Plaintiffs have attempted here in suing only JPMorgan Chase. Their claims will be dismissed for lack of subject matter jurisdiction pursuant to Federal Rule of Civil Procedure 12(b)(1).”
[https://casetext.com/case/american-national-insurance-co-v-jpmorgan-chase-co](https://casetext.com/case/american-national-insurance-co-v-jpmorgan-chase-co)
Looks like 65 Bil for the ANICO case Inside BK and 1.6 Trillion for the MBSs outside BK. Total value + 65 Bil + (1.6 trillion /2 = 800 bil x min 15%)Value as described from the F/F case = 120Bil total = 185 Bil Which is the Minimum for F& R. IMO
But I think Justin Nelson won the Anico case that was sealed and we are waiting on. Edgar Sargent also created the "calculator. to distribute the 75%/25% inside the BK. Outside TBD
What about the 50 Bill fed to JPM in the merger of 1st republic at who knows what interest rate. They need to pay up however.
"Acquisition of the substantial majority of First Republic Bank’s assets, including approximately $173 billion of loans and approximately $30 billion of securities
Assumption of approximately $92 billion of deposits, including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation
FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing
JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stock"
https://www.jpmorganchase.com/ir/news/2023/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank?fbclid=IwAR2u1xuV6Q_kRzm8c6AzSYdvep2mZx5cygop__DtQX2sRX5NdrumRTMDH3c
Bob and you are respected and should get an award for it but this is a vicious environment and unforgiving.
What about October 7th on my Birthday Bill
"American Funds Washington Mutual Investors Fund Class A"
Set AlertAdd to watch list
$53.03 0.30 (0.57%)YTD Return
+9.28%
As of August 31, 2023Net Assets
$160B
As of September 28, 2023 12:00am ET
https://prospectus-express.broadridge.com/summary.asp?clientid=amtd&fundid=939330106
First republic was just their way of opening up the way of transfering the bulk of the settlement to mending Humpty Dumty (WMIH). JPM was there at the beging and is there in the end together. A= L + OE/RE just fill in the Numbers. It also hide the transfer of the $$$$$ in the settlement. This is just for the case that JPM lost and they sealed it. Bucket 2 1.2 tril MBS to be latter settled in May 28th ? 2024. JMO
https://www.jpmorganchase.com/ir/news/2023/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank
https://www.cbsnews.com/video/11-big-banks-rescue-first-republic-bank-with-30-billion-bailout/
This is for Bucket 2 and way of distribution This however is being used for us now exclusively Bi weekly for our distribution until May 28th 2024. IMO
"Given the number of post trade functions that are impacted by T+1, market participants need to have started their preparations for the implementation. Key actions include, understanding which functions are impacted, how they will be impacted, operational and counterparty performance and the role that post-trade automation and operational data can play in improving the efficiency of post trade processing. T+1 implementation is less than ten months away – the time to act is now."
https://www.globalcustodian.com/blog/the-devil-is-in-the-details-essential-processes-to-consider-for-t1-preparations/
Night This was just used in 1st republic to adjust the account within JPM and not have to see a diect payment from FDIC. Did not make any noise, like you.
Why don't people just read this:
https://www.jpmorganchase.com/ir/news/2023/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank
This is where the money is??????????????????
Our leadership(Retail) under a NDA has followed this along for all these years to facilitate our survival IMO
Hang on we will be paid
KathrynN. SalvaggioDirect: +1 212.351.6313Fax: +1 212.351.5295KSalvaggio@gibsondunn.comGibson, Dunn & Crutcher LLP200 Park AvenueNew York, NY 10166-0193Tel 212.351.4000gibsondunn.comAbu Dhabi ?Beijing ?Brussels ?Century City ?Dallas ?Denver ?Dubai ?Frankfurt ?Hong Kong ?Houston ?London ?Los AngelesMunich ?New York ?Orange County ?Palo Alto ?Paris ?San Francisco ?Singapore ?Washington, D.C.September 18, 2023VIA ELECTRONIC MAILMichael KelsoSusman GodfreyL.L.P.1000 Louisiana StreetSuite 5100Houston, TX77002-5096MKelso[b]@susmangodfrey.com[/b]Re:In re LIBOR-Based Financial Instruments Antitrust Litigation, No. 11-md-2262 (NRB) (S.D.N.Y.)Dear Michael:We write on behalf of UBS AG (“UBS”) in response to your email of September 15, 2023, in which you reported that you plan “to proceed with [Julie]Doherty’s deposition as noticed in New York on September 20.” Plaintiffs have no basis to do so.Ms. Doherty is not a U.S. citizen and she resides in Switzerland. Plaintiffs would, therefore,need topursue her testimony underThe Hague Convention (or other applicable process).Plaintiffs candoso during the seven months remainingin the scheduleto conduct fact depositions.At the outset, although we do not represent her, Ms. Doherty has not accepted service of the depositionnotice that you sentby email on August 7, 2023,8/7/2023 M. Kelso Email to M. Schachter and K. Salvaggio. We informed youthat none of Plaintiffs’proposed deponents would be represented by our firm,K. Salvaggio 7/14/2023 Email to A. Gregory, and that Ms. Doherty isrepresented by Michael Schachter of Willkie Farr & Gallagher LLP, 7/27/2023 K. Salvaggio Email to M. Kelso. Mr. Schachterin turninformed you that“Ms. Doherty is not a US citizen and does not reside here”and thusPlaintiffs “will need to comply with appropriate processes.” M. Schachter 9/5/2023 Email to M. Kelso. Mr. Schachter also confirmed hisbelief that “your emailed notice of deposition is [in]sufficient to compel her appearance.”Id.Ourfirmdid not (and could not) accept service for Ms. Doherty becausewe do not representher.Accordingly, it is not clear that Plaintiffs have effected service, as required by the Federal Rules.See Londono v. Am. Express Co., 2023 WL 386760, at *1 (E.D.N.Y. Jan. 24, 2023) (explaining that Rule 30(b)(1) “deposition notices must be served,” or, in the case of a non-party, a “witness must be subpoenaed pursuant to Rule 45”); Koczwara v. Nationwide Gen. Ins. Co., 2020 WL 8461577, at *1 (S.D.N.Y. Oct. 30, 2020)(directing parties to serve a “notice in compliance with Rule 30(b)” for “each party or witness to be CONFIDENTIAL PURSUANT TO AMENDED PROTECTIVE ORDER (Dkt 1405)Case 1:11-md-02262-NRB Document 3742-1 Filed 09/20/23 Page 2 of 5
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-A-9-18-2023-UBS-Letter-to-Plaintiffs-Redacted/nysd-1:2011-md-02262-03742-001
Just the beginning, Should also be soon.
375209/26/2023ORDER granting [3748] LETTER MOTION to Seal certain portions of Plaintiffs' letter in opposition to UBS AG's pre-motion letter. This Order addresses Class Plaintiffs' and the Direct Action Plaintiffs' request to seal certain portions of Plaintiffs' letter (the "Letter") in opposition to UBS AG's ("UBS") pre-motion letter seeking the entry of a protective order for the deposition of Julie Doherty (see ECF No. 3742) and certain portions of Letter's accompanying exhibits, which was filed on September 25, 2023. The proposed sealed filing contains information designated by UBS as Confidential or Highly Confidential under paragraphs 1.3-1.4 and 2.3.1 of the Amended Stipulation and Protective Order, ECF No. 1405. Plaintiffs' request to file certain portions of the Letter and the Letter's accompanying exhibits under seal is GRANTED. The Class Plaintiffs and the Direct Action Plaintiffs are ordered to serve all Defendants named in this action with an unredacted version of this Letter. IT IS SO ORDERED. (Signed by Judge Naomi Reice Buchwald on 9/26/2023) (mml) Modified on 9/26/2023
09/26/2023***NOTICE TO COURT REGARDING PROPOSED ORDER. Document No. [3749] Proposed Order, was reviewed and approved as to form. (Text entry; no document attached.)
375109/25/2023REDACTION to [3750] Response in Opposition to Motion, by City of New Britain, Jennie Stuart Medical Center, Inc., Mayor and City Council of Baltimore, Vistra Energy Corp., Yale University.
1Exhibit 1 - Filed Separately Under Seal
2Exhibit 2 - Part 1 of 2
3Exhibit 2 - Part 2 of 2
4Exhibit 3 - Filed Separately Under Seal
5Exhibit 4 - Filed Separately Under Seal
6Exhibit 5 - Filed Separately Under Seal
7Exhibit 6 - Filed Separately Under Seal
8Exhibit 7
9Exhibit 8
10Exhibit 9
11Exhibit 10 - Redacted
12Exhibit 11
13Exhibit 12
14Exhibit 13 - Filed Separately Under Seal
15Exhibit 14
15 Attachments ?
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
374709/25/2023DECLARATION of Andrew J. Calica in Support re: [3746] MOTION (Uncontested) for Issuance of Request for International Judicial Assistance, Appointment of Commissioner and Data Privacy Monitor, and Direction of Submission of Hague Convention Application. Document filed by Societe Generale.
1Exhibit A - USD DAP Hague Papers Order on Request for International Judicial Ass
2Exhibit B - USD DAP Hague Papers Request for International Judicial Assistance
3Exhibit 1 - USD DAP Hague Papers rder on Request for International Judicial Assi
4Exhibit 2 - SG's Responses and Objections Look at this S&G
5Exhibit 3 - Order on search terms and custodians
6Exhibit 4 - 2023-06-06 USD LIBOR-Search Confirmation Letter
7Exhibit 5 - USD LIBOR-SG Response to July 21 Letter
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Split, this is the mirror of WAMU Assets MBS of 173 bil and the rest is explainabe in JPM as the organizer of the reorg of WMIH in Coop. A clear explanation how JPM is putting it together inside of JPM without fanfare. We just need to understand this press release to understand the numbers to open the valves to reajust the #####.s.
Please read
https://www.jpmorganchase.com/ir/news/2023/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank
Bucket 1 Anico payoff, already paid by the FDIC in the First republic merger with 65 B of OE/RE as stated in the release
Value = 65 B use calculator for Por 7 yes 75%/25%
Bucket 2 Long term stick 800 Bil x 2 = 1.6 Bilof the MBSs in Brookfield and wmih/Coop
Value of MBSs = 15%-30% of 1.6 trillion/2 = 800 bil Placed in Brookfield and COOP/JPM/WMIH
Maybe 75%/25% Go at it here Think it is built in structure of Brookfield organization
AIMO
I think the 28th is a posibility?????????????
Additional Account Activations: Canadian Imperial Bank of Commerce/CIBC Parent Bank Global Markets/CDS, #4726 & Canadian Imperial Bank of Commerce/CIBC Treasury/CDS, #4727 Effective with the opening of business on September 28th, 2023, CDS Clearing and Depository Services Inc., account number 4800 will activate the following additional accounts:
https://www.dtcc.com/-/media/Files/pdf/2023/9/27/19077-23.pdf