Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Civil, This is a work in process and based on the article on seeking Alpha and their numbers not mine pure dd with my unprofesional opinion. Sure looks like a merger of Washington Mutual Bank.
Assets = Liabilities + OE/RE
242 B Total Assets - 142. B Liabilities = 100 B OE/RE
FDIC 30 B 50 B FDIC Loan
JPM 11 B 92 B Deposits
FHLB 28.B Total Liabilities 142. B
MBS Loans 173 B
Total assets 242. Total Liabilities 142. B
RE/OE = 100 BL
My opinion is that First Republic is a shadow Bank of Washington Mutual Bank with no need for a termination of recievable from the FDIC. It was handed over just like WMB was in 2008. Not trying to stop this from happening, just want a WIN, Win, Win and do not want them to forget retail.
Remember my disclamer is this is all just speculation. Royal
Civil, Understand 65B or 100 Bil it is the value that is due F&R. They will transfer it anyway they can hide it. If they steal it they will piss many people off.
The FDIC transfered 65B in the 1st Republic reorg by a loan of 50 B and transfer of assets of 25 B. No announcement or fanfare.
JH, One side of me wants to say yes. There are many $$$$$$ moving.I just do not want to disapoint.I still think we are connected to the hedgefunds and do believe any parties will take the chance of Fraud this late in the game. They are trying to break us but We need to stay strong. So I will not give in and it must be costing them a fortune to give us false hope in the developement of systems of distributions. These are just a few of the reasons i am still positive. GLTA
Fun is a good way to put it. Are we having Fun yet???? LOL
nt Count: 2,142 $4,448,685,373.28 Case 1:11-md-02262-NRB Document 3736-2 Filed 09/14/23 Page 49 of 49
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Affidavit-Declaration-of-Jason-Rabe-in-Support-of-Motion-to-Authorize-Distributi/nysd-1:2011-md-02262-03736-002
373609/14/2023MOTION to Authorize Distribution of The Citibank, JP Morgan Chase, Bank of America and HSBC Net Settlement Funds to Claimants. Document filed by 33-35 Green Pond Road Associates, LLC. Filed In Associated Cases: 1:11-md-02262-NRB, 1:12-cv-05822-NRB, 1:12-cv-06693-NRB.
1Exhibit Memorandum of Law in Support of Non-Defendant OTC Plaintiffs Motion to A
2Affidavit Declaration of Jason Rabe in Support of Motion to Authorize Distributi
3Proposed Order [Proposed] Order Authorizing Distribution of The Citibank, JP Mor
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-Memorandum-of-Law-in-Support-of-Non-Defendant-OTC-Plaintiffs-Motion-to-A/nysd-1:2011-md-02262-03736-001
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
373609/14/2023MOTION to Authorize Distribution of The Citibank, JP Morgan Chase, Bank of America and HSBC Net Settlement Funds to Claimants. Document filed by 33-35 Green Pond Road Associates, LLC. Filed In Associated Cases: 1:11-md-02262-NRB, 1:12-cv-05822-NRB, 1:12-cv-06693-NRB.
1Exhibit Memorandum of Law in Support of Non-Defendant OTC Plaintiffs Motion to A
2Affidavit Declaration of Jason Rabe in Support of Motion to Authorize Distributi
3Proposed Order [Proposed] Order Authorizing Distribution of The Citibank, JP Mor
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has declared dividends on the following series of the Firm’s outstanding preferred stock, each of which is represented by depositary shares:
Preferred Stock Series
Distribution (per Preferred Share)
Distribution (per Depositary Share)
6.1% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X
$305.00
$30.50
4.0% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series II
$200.00
$20.00
The dividend payment date is Sunday, October 1, 2023, to stockholders of record at the close of business on Friday, September 1, 2023, and dividends will be paid on Monday, October 2, 2023.
https://www.jpmorganchase.com/ir/news/2023/jpmc-declares-preferred-stock-dividends-8-15
Our path to success
"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."
https://docs.google.com/spreadsheets/d/1ZoUYA5R7n6pEB-JxSS6NxEayKqNmtbKAaXwf_rOaeZQ/edit#gid=1
Do not let the noise get you down. It only gives them an easier time to hide the sausage. We are in the process of payment by the FDIC directly to JPM in the 50B loan and assets and securities being transferred. without having to announce publicly. There are also funds being transferred by the DTCC Bi-weekly until the end of May of next year. So remember and don't let it get you down, It wll all be announced soon IMO and Bucket one is iminent and Bucket 2 next year.
F & R
Bucket 1
WMB = 32B Assets + earnings and FV of $$$$
Use caculation table prepared by Sussman Group and Por7(75%/25%)
60 B my guess
Bucket 2
(75%/25%)= 800 B
COOP/WMI/Home/Xome 800 B
The Big 5 200B x 5 = 1 Trillion = 2.6 Trillion , the Big kahuna
My guess
The "retail man" Royal Dude
Simple F&R
Value transfer
Bucket 1( JPM,FDIC) "Project West" Anico
65 BL ( JPM merger 1st Republic Balance Sheet) my speculation
k's, P's and u's Use the calculator by Sargent
https://docs.google.com/.../1ZoUYA5R7n6pEB.../edit...
800 BL Maret value of MBS boarded(15%-30%) x25% = 200B
Value = 200 BL
https://docs.google.com/spreadsheets/d/1ZoUYA5R7n6pEB-JxSS6NxEayKqNmtbKAaXwf_rOaeZQ/edit#gid=1
Here he goes again???????
Regulatory Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity
by the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation scheduled for publication on 09/18/2023.
https://www.federalregister.gov/public-inspection/2023-19200/regulatory-capital-rule-large-banking-organizations-and-banking-organizations-with-significant
Bucket 1 Could before and after
Beginning on October 2, 2023, DTC will be utilizing and announcing separate Contra CUSIPs on
events with an early tender deadline date. For such events, there will be a separate contra CUSIP for
each option to better align the event with global market practice.
Inflight events announced prior to October 2, 2023 will not be impacted by this change in procedure;
only those events created on or after October 2, 2023 will reflect the change.
Beginning on October 2, 2023, DTC will be utilizing and announcing separate Contra CUSIPs on
events with an early tender deadline date. For such events, there will be a separate contra CUSIP for
each option to better align the event with global market practice.
Inflight events announced prior to October 2, 2023 will not be impacted by this change in procedure;
only those events created on or after October 2, 2023 will reflect the change.
Count: 2,142 $4,448,685,373.28 Case 1:11-md-02262-NRB Document 3736-2 Filed 09/14/23 Page 49 of 49
https://www.docketbird.com/.../nysd-1:2011-md-02262-03736...
FICC has been notified of J.P. Morgan Securities LLC’s intent to close its JSNA Clearing and EPN
accounts effective September 22, 2023. No further trade date submissions related to this account
will be accepted.
FICC will publish the final termination notice once all obligations of J.P. Morgan Securities LLC’s
JSNA Clearing account has been satisfied.
https://www.dtcc.com/-/media/Files/pdf/2023/9/14/MBS1269-23.pdf
Look at the real Balance Sheet from JPM for the payoff and settlement. Coming soon at a theater near you. All of the rest of the noise here is irrelevant. We need to keep up front and not be indirected with side issues. There are specialist at work here. Proud to be a deplorable.
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:
https://www.jpmorganchase.com/.../jpmc-acquires...
JPMORGANCHASE.COM
JPMorgan Chase acquires substantial majority of assets and assumes certain liabilities of First Republic Bank
https://www.jpmorganchase.com/ir/news/2023/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank?fbclid=IwAR0_1GWGMZlnuFw3zxNJb1p0gsivb-uNDfdOzTnNBMuk3aWahdHH1EXtFvk
Biz,They hid the sausage in another state was the find why? Follow the asset is the game to recover it.
Proooooof
Do the work
I do like footnote 2, on page 2 of this KCCLLC filing. How they hid the sausage from court and creditors. https://www.deb.uscourts.gov/sites/default/files/opinions/judge-mary-f.walrath/wamu-v.oregon-otc-f12-19-12.pdf Dec. 19, 2012
The money is there for us, they just need to pay it.
$125,157,168,784 JPMORGAN CHASE & CO. Debt Securities Warrants Units Purchase Contracts Guarantees JPMORGAN CHASE FINANCIAL COMPANY LLC Debt Securities Warrants We, JPMorgan Chase & Co., may from time to time offer and sell
https://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
Notes Linked to the J.P. Morgan Large-Cap Dynamic BlendSM 5 Index due August 5, 2027
Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.
The section entitled “Comparable Yield and Projected Payment Schedule” in the pricing supplement dated July 31, 2023, related to the notes referred to above (the “pricing supplement”), as amended by amendment no. 1 dated August 30, 2023 (the “amendment no. 1”), is amended, restated and superseded in its entirety by the following. This amendment supersedes and replaces the amendment no. 1 in its entirety.
This is our major reorganization with the Big 5 envolved .
Citigroup CEO sets sweeping management changes, job cuts
September 13, 202311:03 AM EDTUpdated 30 min agoBy Tatiana Bautzer and Saeed Azhar
Milken Institute Global Conference in Beverly Hills
[1/3]Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake Acquire Licensing Rights
NEW YORK, Sept 13 (Reuters) - Citigroup (C.N) CEO Jane Fraser announced a major management reorganizationon Wednesday that will result in more job cuts and give her more direct oversight over its businesses as she seeks to simplify the bank's structure.
The heads of the bank's five businesses will now report directly to Fraser. They include: Shahmir Khaliq, who runs services, Andrew Morton in markets, Peter Babej for investment and corporate banking on an interim basis, Gonzalo Luchetti in U.S. consumer banking, and Andy Sieg in wealth when he joins the company later this month.
Advertisement · Scroll to continue
"We are making bold decisions to meet our commitments to our shareholders," Fraser, 56, said in a statement. The latest changes have already eliminated 35 committees, Fraser said, citing an example of efforts to reduce bureaucracy.
The sweeping reorganization is another step in Fraser's strategy to improve profits and streamline the bank since she took the helm in 2021. Although Citi has sold businesses and is working on fixing regulatory problems, its stock price has lagged.
Advertisement · Scroll to continue
"We have taken hard, consequential, tough decisions here," Fraser told investors. "They are not going to be universally popular within our bank. It's going to make some of our people very uncomfortable. I am absolutely fine with that ... It is absolutely the right thing to do for our shareholders."
Job cuts are expected, but the bank did not estimate the number of positions being eliminated or the financial impact, sources familiar with the matter said. The severance costs are expected to be incurred in the fourth quarter.
Advertisement · Scroll to continue
SHARES CLIMB
On Wednesday, Citi shares moved up 2%. They are still valued at less than half of its book value, while competitors such as Wells Fargo (WFC.N) and Bank of America (BAC.N) are above 0.8, and JPMorgan Chase (JPM.N) at 1.4.
"Citi will cut out non-productive layers of management and reorganize with a flatter structure that will certainly create savings on the balance sheet," said Brian Mulberry, Client Portfolio Manager at Zacks Investment Management, who holds Citi shares. "Looking at the uptick in CPI data, it would make sense for banks to be more cost conscious."
U.S. consumer prices (CPI) increased by the most in 14 months in August as gasoline prices surged.
"Investors are only going to give Citigroup credit for hard numbers meeting their goals," said Eric Compton, banking analyst at Morningstar. "These changes seem fairly nuanced - all of the key players from 2022 are still in place."
Citi is eliminating layers in former divisions Institutional Clients Group and Personal Banking and Wealth Management. International leadership roles outside North America will be consolidated under the new head of International, Ernesto Cantu.
The new division heads will take decisions about the second and third layers of management, which are expected to be announced in November and January, the sources added, speaking on condition of anonymity.
Fraser and Chief Financial Officer Mark Mason are addressing investors in New York at 10:30 a.m. on Wednesday. Fraser will hold a town hall with employees next week.
Reporting by Tatiana Bautzer and Saeed Azhar, additional reporting by Medha Singh and Chibuike Oguh editing by Lananh Nguyen, Nick Zieminski and Jonathan Oatis
Our Standards: The Thomson Reuters Trust Principles.
The Trust Principles
Night, They will get this done before (9/18) this is announced to not have to follow this new policy change
The Bread is in the oven Diamond
Hey Dipe
***NOTICE TO COURT REGARDING PROPOSED ORDER. Document No. (624 in 1:11-cv-05450-NRB, 3732 in 1:11-md-02262-NRB) Proposed Order, was reviewed and approved as to form. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB. (Text entry; no document attached.)
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
DOCKETBIRD.COM
The settlement should be done for Bucket 1 on or before September 18th IMO
"Capital Rule: Large Banking Organizations and Banking Organizations with Significant Trading Activity
by the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation scheduled for publication on 09/18/2023.
the U.S. government in the event the banking organization enters into a receivership, insolvency, liquidation, or similar proceeding. Under the proposal, … principal, coupon, currency, or seniority status to be amended outside of receivership, insolvency, liquidation, or similar proceeding..."
https://www.federalregister.gov/public-inspection/2023-19200/regulatory-capital-rule-large-banking-organizations-and-banking-organizations-with-significant
Not an escrow payment settlement using the Sargent calculator from the ANICO case(Bucket 1). LT is dead. Bucket 2 May 28th, 2024 completes after Bi-weekly payments. This is just my opinion. My record is perfect. They JPM has just ignored there commitments as usual.
Double the settlement to make up for them kicking the can down the hill. This will also give the FDIC time to settle Libor. JMO
The Depository Trust Company (DTC) will provide limited services on Monday, October 09, 2023. The following changes in DTC’s operations and schedules will be in effect: COLUMBUS DAY 2023 SCHEDULE TRADE DATE T+1 SETTLEMENT T+2 SETTLEMENT 10/04 10/05 10/06 10/05 10/06 10/07 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
For those I care about, Please do not listen to what these two are creating as noise. They have been taken over by the Dimon. The purpose is to confuse, Wish they could get their act together.
This will be an ongoing process and will take a while so bear with me
Bucket 1
First Republic Bank as stated in release
Washington Mutual Bank look alike???
Asset = Liabilities + RE/OE
$207.8B = 142B + 65B
This is simple enough for me to understand that the 65B is due to the Share Holders
Assets
173 B (Mbs)
4.8 B Tax Benefits
30 B Securities
Total 207.8
Liabilities
Deposits 92. B
FDIC Loan 50 B
RE/OE 65 B
Total 207.8
This is what should be returned in the first Bucket. If you plug this into the formula that was facilitated by Edgar Sargent you will get a better result if not have fun for yourself, I did.
Per POR 7 P's 75%= 48.75 B
Per POR 7 u's 25%= 16.25 B 2+
$48.75 B / 3 Million shares outstanding = aprox $1,846 per P
13.54 B / 1.2B Share outstanding = $13.54 per u
Understand none of this calculation is based official professional in this guess Just me having fun.
Please fell free to improve, I have very thick skin posting on iHub <><
Te second Bucket TBD (15%-30%) of 800 B of remote MBS
https://www.jpmorganchase.com/.../jpmc-acquires...
JPMORGANCHASE.COM
JPMorgan Chase acquires substantial majority of assets and assumes certain liabilities of First Republic Bank
Our Money it will come any day and could be used for our settlement of ANICO and as presented in the JPM Press rlease of 65 Bil
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
373509/08/2023DECLARATION of Steven Weisbrot, Esq. in Support re: (625 in 1:11-cv-05450-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.
6 Attachments ?
09/11/2023***NOTICE TO COURT REGARDING PROPOSED ORDER. Document No. (624 in 1:11-cv-05450-NRB, 3732 in 1:11-md-02262-NRB) Proposed Order, was reviewed and approved as to form. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB. (Text entry; no document attached.)
373409/08/2023MEMORANDUM OF LAW in Support re: (625 in 1:11-cv-05450-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.
373309/08/2023MOTION 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.
373209/08/2023PROPOSED ORDER. Document filed by City of New Britain, Jennie Stuart Medical Center, Inc., Mayor and City Council of Baltimore, Vistra Energy Corp., Yale University. Related Document Number: [3729]. Proposed Order to be reviewed by Clerk's Office staff.
373109/08/2023DECLARATION of William C. Carmody and Michael D. Hausfeld in Support re: (3729 in 1:11-md-02262-NRB, 621 in 1:11-cv-05450-NRB) MOTION for Attorney Fees OTC Plaintiffs' Notice of Motion and Motion for Attorneys Fees, Reimbursement of Litigation Expenses, and Incentive Awards. 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.
2 Attachments ?
373009/08/2023MEMORANDUM OF LAW in Support re: (3729 in 1:11-md-02262-NRB, 621 in 1:11-cv-05450-NRB) MOTION for Attorney Fees OTC Plaintiffs' Notice of Motion and Motion for Attorneys Fees, Reimbursement of Litigation Expenses, and Incentive Awards. 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.
372909/08/2023MOTION for Attorney Fees OTC Plaintiffs' Notice of Motion and Motion for Attorneys Fees, Reimbursement of Litigation Expenses, and Incentive Awards. 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.
372809/08/2023LETTER addressed to Judge Naomi Reice Buchwald from William C. Carmody dated September 8, 2023 re: Rule 2.E.1 Letter re OTC Plaintiffs Motion for Attorneys Fees, Reimbursement of Litigation Expenses, and Incentive Awards. 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.
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.
https://www.jpmorganchase.com/ir/news/2023/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank?fbclid=IwAR0_1GWGMZlnuFw3zxNJb1p0gsivb-uNDfdOzTnNBMuk3aWahdHH1EXtFvk
Quickly only me but all good indication for libor NYSC approved settlement for the FDIC IMO
Have a noisy Buss coming out of my computer may be interferance or may be very close, you decide. just know why I may or not be around. All good we are very close IMO
My apology to Bbob no surgar coat. This is not about us. Lost it will stay with Time and amount
repeat
Anico \Project west was a separate action(case) JPM lost
Who said nothing happened on the 8th end of the SOL
Approval Settlement
Approval Settlement
Approval Settlement
Just starting and more to come
3735 09/08/2023 DECLARATION of Steven Weisbrot, Esq. in Support re: (625 in 1:11-cv-05450-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.
1Exhibit A
https://www.docketbird.com/.../nysd-1:2011-md-02262-03735...
3734 09/08/2023 MEMORANDUM OF LAW in Support re: (625 in 1:11-cv-05450-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.
3733 09/08/2023 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.
Now that statute of limitation 9/8 is complete with no more new litigation could assume limitations and settlement. Just my wish .
3735
09/08/2023
DECLARATION of Steven Weisbrot, Esq. in Support re: (625 in 1:11-cv-05450-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.
6 Attachments ?
3734
09/08/2023
MEMORANDUM OF LAW in Support re: (625 in 1:11-cv-05450-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.
3733
09/08/2023
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.
3732
09/08/2023
PROPOSED ORDER. Document filed by City of New Britain, Jennie Stuart Medical Center, Inc., Mayor and City Council of Baltimore, Vistra Energy Corp., Yale University. Related Document Number: [3729]. Proposed Order to be reviewed by Clerk's Office staff.
3731
09/08/2023
DECLARATION of William C. Carmody and Michael D. Hausfeld in Support re: (3729 in 1:11-md-02262-NRB, 621 in 1:11-cv-05450-NRB) MOTION for Attorney Fees OTC Plaintiffs' Notice of Motion and Motion for Attorneys Fees, Reimbursement of Litigation Expenses, and Incentive Awards. 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.
2 Attachments ?
3730
09/08/2023
MEMORANDUM OF LAW in Support re: (3729 in 1:11-md-02262-NRB, 621 in 1:11-cv-05450-NRB) MOTION for Attorney Fees OTC Plaintiffs' Notice of Motion and Motion for Attorneys Fees, Reimbursement of Litigation Expenses, and Incentive Awards. 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.
3729
09/08/2023
MOTION for Attorney Fees OTC Plaintiffs' Notice of Motion and Motion for Attorneys Fees, Reimbursement of Litigation Expenses, and Incentive Awards. 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.
3728
09/08/2023
LETTER addressed to Judge Naomi Reice Buchwald from William C. Carmody dated September 8, 2023 re: Rule 2.E.1 Letter re OTC Plaintiffs Motion for Attorneys Fees, Reimbursement of Litigation Expenses, and Incentive Awards. 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.
https://www.docketbird.com/court-cases/In-Re-Libor-Based-
What elitism from you and ???? are sick if they believe this. Even if they believe this crap about the will and intelegence of all investors in our society. What a way to look at our fellow investors. This is the greatest kind of racism. What a shame!
How is this Night ????????????
LAW AND LEGAL ISSUES
FDIC suing lenders over loans brokered for Washington Mutual
By Andrew Martinez
September 08, 2023, 4:00 a.m. EDT
3 Min Read
Facebook
Twitter
LinkedIn
Email
The Federal Deposit Insurance Corporation is suing over a dozen mortgage firms in federal courts to recoup funds over loans they brokered over 14 years ago for Washington Mutual.
The agency in its complaints points to a combined 373 home loans it claims were defective for a variety of reasons, according to a National Mortgage News review of federal court records. While dollar amounts sought aren't disclosed, some alleged bad underwriting for the loans in question includes five-figure kickbacks and six-figure borrower debts.
The FDIC's pursuit stems from the fallout of its takeover of WaMu in 2008 during the Great Financial Crisis. Deutsche Bank, a trustee for mortgage-backed securities including the defective WaMu loans, sued the agency in 2009 for indemnification for its securities.
https://www.nationalmortgagenews.com/news/fdic-suing-14-lenders-to-pay-for-washington-mutual-brokered-loans?fbclid=IwAR0rPGssbK8eBmNkuEeRs9KdfaIlVIh2ry6I_HUn4qDJ5IEGOtYB0FztmjM
https://www.fdic.gov/buying/loan/documents/sigf-23-sale-announcement.pdf