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FDIC cover thy Arse
"The Office of the Comptroller of the Currency, the Board of Governors of the
Federal Reserve System, and the Federal Deposit Insurance Corporation are inviting public
comment on a notice of proposed rulemaking (proposal) that would substantially revise the
capital requirements applicable to large banking organizations and to banking organizations with
significant trading activity. The revisions set forth in the proposal would improve the calculation
of risk-based capital requirements to better reflect the risks of these banking organizations’
exposures, reduce the complexity of the framework, enhance the consistency of requirements
across these banking organizations, and facilitate more effective supervisory and market
assessments of capital adequacy. The revisions would include replacing current requirements that
include the use of banking organizations’ internal models for credit risk and operational risk with
standardized approaches and replacing the current market risk and credit valuation adjustment
This document is scheduled to be published in the
Federal Register on 09/18/2023 and available online at
https://federalregister.gov/d/2023-19200, and on https://govinfo.gov
risk requirements with revised approaches. The proposed revisions would be generally consistent
with recent changes to international capital standards issued by the Basel Committee on Banking
Supervision. The proposal would not amend the capital requirements applicable to smaller, less
complex banking organizations"
https://public-inspection.federalregister.gov/2023-19200.pdf
At this time I have no real official reading of what will happen over the next few weeks. Stay strong and keep emotionally together. This has been a long trip and with NDA agreements' "Loose lips shink ships". I have no insider information, all my dd is based on real documents. My gut has been so wrong so many times, I still believe in the Easter Bunny. Stay strong and Believe in the Constitution.
CWG you have to be kidding me
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 25%-75% in setup of Business
Value = 200 BL
Newflow I like your thinking :) Rally Monkey time ?????
DTTC have them already Look on September 5th
"Generative AI is experimental. Info quality may vary.
Charles Schwab is transitioning all TD Ameritrade accounts to its platform. The transition will take place over Labor Day weekend, between September 1st and September 4th, 2023. The transition will be automatic and secure, and there will be no fees.
TD Ameritrade clients will receive new account numbers, logins, and a new interface. For example, a nine-digit TD Ameritrade account number will be replaced with an eight-digit Schwab account number.
The transition began in February 2023, with account holders being notified of their transition date about three months in advance.
Charles Schwab acquired TD Ameritrade in November 2019. The two companies have been operating independently since then.
This is not professional financial advice. Consulting a financial advisor about your particular circumstances is best."
Royal Dude
Re: None
Wednesday, August 02, 2023 4:54:24 PM
Post# of 713374 Go
(i) JPMC, WMI and the FDIC Receiver shall jointly
direct the custodian of the JPMC Escrow Account, the Washington Mutual Escrow
Account and the FDIC Escrow Account to release all or a portion of the JPMC Escrow
Account, the Washington Mutual Escrow Account and the FDIC Escrow Account as the
case may be, to JPMC, WMI and the FDIC Receiver, respectively, as soon as is
practicable after the earlier to occur of: (A) the date on which all Pre-2009 Group Tax
Liabilities are finally determined and paid and the final amount of Net Tax Refunds
Received has been determined and is not subject to change; and (B) the date on which
JPMC (with respect to the Washington Mutual Escrow Account), WMI (with respect to
the JPMC Escrow Account), or JPMC and WMI jointly (with respect to the FDIC Escrow
Account), consents, in writing, to permit the release of all or such agreed portion of the
JPMC Escrow Account, the Washington Mutual Escrow Account or the FDIC Escrow
Account, as applicable (such consent, in each case, not to be unreasonably withheld or
delayed); provided, however, that there shall be released from each escrow account at
least quarterly (on or prior to each March 1, June 1, September 1 and December 1) fifty
percent (50%) of all amounts earned by such escrow account with respect to assets held
therein.
Pg 30
https://www.fdic.gov/.../wamu-global-settlement-agreement...
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
Things are getting done IMO
"The Mortgage-Backed Securities Division (“MBS Division”) of the Fixed Income Clearing Corporation
(“FICC”) previously announced (in Important Notice MBS1257-23) dated August 7, 2023, J.P. Morgan
Securities LLC’s intent to close its JSAC Clearing and EPN account.
As of today, J.P. Morgan Securities LLC’s JSAC Clearing account has no open trade obligations on the
books of the MBS Division of FICC. Effective immediately J.P. Morgan Securities LLC will terminate
its JSAC account.
https://www.dtcc.com/-/media/Files/pdf/2023/8/29/MBS1265-23.pdf
"but a word of caution:.... put on your body armor first...you have to do more than LOL to defend yourself....some of the naysayers are armed with spears .....ciao... Lodas
But what you forget Black is ANICO 65 B and the STSs 800Billion Get real. Do you have spears?????
Ai is not dependable and thanks God Bless
Generative AI is experimental. Info quality may vary.
Charles Schwab is transitioning all TD Ameritrade accounts to its platform. The transition will take place over Labor Day weekend, between September 1st and September 4th, 2023. The transition will be automatic and secure, and there will be no fees.
TD Ameritrade clients will receive new account numbers, logins, and a new interface. For example, a nine-digit TD Ameritrade account number will be replaced with an eight-digit Schwab account number.
The transition began in February 2023, with account holders being notified of their transition date about three months in advance.
Charles Schwab acquired TD Ameritrade in November 2019. The two companies have been operating independently since then.
This is not professional financial advice. Consulting a financial advisor about your particular circumstances is best.
Sounds like a threat to me, where are the monetors
lodas
Re: BBANBOB post# 714950
Monday, August 28, 2023 2:52:24 PM
Post# of 714953 Go
BBAN....that was great "comic relief" as the message board has become quite nasty with "scum" being spit at the naysayers....perhaps the reason the responses are diminishing is most of the "expectants" are drinking homemade koolaid brewed on the good ole boys private message board by LG, ron, newflow, xoom, jb, RD, and some other inbreds, but of course I would never forget goodietime.......visit the public message board sometimes and post to those you got on ignore.... but a word of caution:.... put on your body armor first...you have to do more than LOL to defend yourself....some of the naysayers are armed with spears .....ciao... Lodas
This is for Bucket 2 and the transfer of large sums of money for STS and legacy value Imo
(state)
"The industry’s T+1 testing program, designed for full end-to-end testing for clients, formally kicked-off on August 14, 2023. Scheduled to run for the next 9 months through May 31, 2024, the program uses 21 bi-weekly testing cycles so clients can test for T+1 settlement based on the changes made to their respective systems and processes. Participating infrastructures in the industry test include DTCC’s subsidiaries ITP, NSCC and DTC, as well as exchanges Cboe and Nasdaq and the OCC.
Related: Top 5 things to do now to get ready for May 28, 2024
https://www.dtcc.com/.../industrys-t1-testing-window...
Bucket 1 is Imminent "Project West" and will happen before bucket 2 To be completed by May 28th, 2024 (per alice 's estimate of 18 months). IMO?
It could come simultaneously the longer it goes.
FDIC is the Key to open up the Flood gates and for Biz "Soon"
agree b3 we need to keep JPM/FDIC accountable for Legacy value.
https://www.bilzin.com/we-think-big/insights/publications/2023/05/indemnification-claims-2000s-residential-mortgages?fbclid=IwAR1nqg8ngRDfPIr9SlB89JPSFoqqgKPN-K1ARVclgsCDBgU8pq4gapE21CI
The only way they could heal the wound of Washington Mutual again was to open the wound and close it again in JPM. Now the healing process is happening. The illegal taking is remedied?????
As long as they pay us, it's ok 🙂
This is my speculation of the internal #'s and Balance Sheet for 1st Republic as stated by JPM in thier press release as I could best construct?
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 could be 4x-6x Face $1000
13.54 B / 1.2B Share outstanding = $13.54 per u could be $16.00 +
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 <><
The 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
JPMORGANCHASE.COM
Request Denied
Vehicles are created when needed to accomplish a mission. I was not part of the planning ask the players.
Royal Dude
Re: Nightdaytrader post# 714818
Saturday, August 26, 2023 7:19:09 PM
Post#
714820
of 714823
Night it was part of the plan. The only way they could heal the wound of Washington Mutual again was to open the wound and close it in JPM. Now the healing process is happening. The illegal taking is remedied.
Bullish
Night it was part of the plan. The only way they could heal the wound of Washington Mutual again was to open the wound and close it in JPM. Now the healing process is happening. The illegal taking is remedied.
Yes very close for bucket 1 always liked your 2x+ diamond Bucket 2 is more sticky but larger amount of value
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/spreadsheets/d/1ZoUYA5R7n6pEB-JxSS6NxEayKqNmtbKAaXwf_rOaeZQ/edit?pli=1#gid=519369997
800 BL Market value of MBS boarded(15%-30%) x25% = 200B 25%-75% in setup of Business
Value = 200 BL
Total value 265 Billion $$$$$
He will be ready soon :)
The door was opened again in 1st republic and will be closed again if not already IMO
When we get the cash in the account IMO Only then can we rally
https://video.search.yahoo.com/search/video?fr=mcafee&p=rally+monkey+video#id=2&vid=468925f9c845badc0207ec2257e86987&action=view
AZ's slimmy approach
. "NO' 75/25, ... NO' Secret DSTs, ... and, NO' Ridiculous Sums' .."
1. Bucket one only 75/25
2. Bucket two Brookfield ,already transferred BN/BAM 75/25
3. All DST's have been transferred to BN/BAM 75/25
4. If you consider Bucket one 65B WMB and 800B of pure interest play BAM "NO' Ridiculous Sums"
Not LMAO feeling sad, What has happened to you AZ?????
Is it time for the "Rally Monkey"
Structured
Investments
Principal Amount Issued: $2,265,356,590†
Maximum Authorized for Issuance: $2,265,356,590†
Alerian MLP Index®* ETN due May 24, 2024
*with payment at maturity or upon early repurchase based on the VWAP Level of the Index
†Reflects the retirement of 10,000,000 notes, with an aggregate principal amount of $190,366,100, prior to the date of this market making supplement
https://www.sec.gov/Archives/edgar/data/19617/000121390023029590/ea152994_424b2.htm
www.sec.gov
SEC.GOV
www.sec.gov
MARKET-MAKING SUPPLEMENT Market-making supplement To product supplement no. 6-I dated April 13, 2023 and the prospectus supplement and prospectus, each dated April 13, 2023 Registration Statement No. 333-270004 Dated April 13, 2023 Rule 424(b)(2) Structured Investments Principal Amount Issu...
This has got to be verry CLOSE
"First Republic was the second-biggest bank failure in U.S. history, and the fourth regional lender to collapse since early March.
“This is getting near the end of it, and hopefully this helps stabilize everything,” JPMorgan Chief Executive Officer Jamie Dimon said on a call with journalists Monday. Regional banks that reported first-quarter results in recent weeks “actually had some pretty good results,” the CEO said. “The American banking system is extraordinarily sound.”
Nevertheless, bank lending will probably suffer for a time in the wake of the failures, Dimon said.
Dimon’s bank acquired about US$173 billion of First Republic’s loans, US$30 billion of securities and US$92 billion in deposits. JPMorgan and the FDIC agreed to share the burden of losses, as well as any recoveries, on the firm’s single-family and commercial loans, the agency said in a statement."
https://www.bnnbloomberg.ca/jpmorgan-first-republic-deal-ends-second-biggest-u-s-bank-failure-1.1914344
JPMorgan ends First Republic's turmoil after FDIC seizure - BNN Bloomberg
BNNBLOOMBERG.CA
JPMorgan ends First Republic's turmoil after FDIC seizure - BNN Bloomberg
JPMorgan Chase & Co. agreed to acquire First Republic Bank in a government-led deal for the failed lender, putting to rest one of the biggest troubled banks remaining after turmoil engulfed the industry in March.
Pay attention Lotus and stop making just noise
"Royal Dude
Re: None
Wednesday, August 23, 2023 7:39:31 PM
Post#
714543
of 714761
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.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $303 billion in stockholders’ equity as of March 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chase & Co.’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorgan Chase & Co.’s actual results to differ materially from those described in the forward-looking statements can be found in JPMorgan Chase & Co.’s Annual Report on Form 10-K for the year ended December 31, 2022, which has been filed with the Securities and Exchange Commission and is available on JPMorgan Chase & Co.’s website (https://jpmorganchaseco.gcs-web.com/financial-information/sec-filings), and on the Securities and Exchange Commission’s website (www.sec.gov). JPMorgan Chase & Co. does not undertake to update any forward-looking statements.
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
SEC.gov | HOME
SEC.GOV
SEC.gov | HOME
WE ARE THE INVESTOR'S ADVOCATE The SEC protects investors, promotes fairness in the securities markets, and shares information about companies and investment professionals to help investors make informed decisions and invest with confidence. We Inform and Protect Investors We Facilitate Capital Form.
.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.
This is why we could get JPM stock. Love your adversary IMO
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets
Questions? Contact: JPMorgan Alerian ETN team, 1-800-576-3529 alerian_etn@jpmorgan.com
J.P. Morgan Chase & Co.
News Release
and $313 billion in stockholders’ equity as of June 30, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
https://www.sec.gov/Archives/edgar/data/19617/000121390023069509/ea160228_fwp.htm?fbclid=IwAR0FmgJV6iKrhvalqFx1_5jhV2v_6y0qw_fjxXTSbRpr0EpbeyJiwSYhbb4
Bucket 1 is Imminent "Project West" and will happen before bucket 2 To be completed by May 28th, 2024 (per alice 's estimate of 18 months) and payment Bi-weekly payments to the destiny by DTCC. IMO?
It could come simultaneously the longer it goes.
FDIC is the Key to open up the Flood gates and for Biz "Soon"
Ron I never say it but I totally agree with your work and consider you more of my mentor. Depending on negotiation P's could come up to 4x-6x for what I call Bucket one and I still use Sargents "calculator for bth K's p's and u's. Bucket 2 will be 15%-30% of Bucket 2 800B. Thanks for all your work. No problem here.
Royal Dude
Re: JellyandJam post# 714348
Monday, August 21, 2023 1:23:41 PM
Post# of 714365 Go
F & R
Bucket 1
WMB = 32B Assets + earnings and FV of $$$$
Use caculation table prepared by Sussman Group and Por7(75%/25%)
65 B my guess
Bucket 2
Brookfield BX/Bam(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
Some people think this is cruel to put up. What is really cruel is to be stolen from.
The "retail man" Royal Dude
Bullish
BULLISH
The Most Royal Dude
Lets Go Fishing
Not privileged to know how but the set up of Silicone Valley and 1st republic would also be an already given merger.
Also always wanted to be a gold Miner as part of the value. Denke Taught us years ago the mines evaluation????
Not privileged to know how but the set up of Silicone Valley and 1st republic would also be an already given merger.
Also always wanted to be a gold Miner as part of the value. Denke Taught us years ago the mines evaluation????
Would it be so nice if JPM was the best bundle, just sayn everything would put Humpty Dumpty where it belongs with Coop
The real question is" Where is "Washington Mutual Bank" I think I am the only one left that does'nt have an NDA.
"At least $29 trillion was lent, spent, pledged, committed, loaned, guaranteed, and otherwise used
or made available to bailout the financial system during the 2008 financial crash.1
The American
people were told that this unprecedented rescue was necessary because, if the gigantic financial
institutions, mostly on Wall Street, failed and went bankrupt (like every other unsuccessful private
business in America), then they would take down the entire financial system, which would take down
the U.S. economy, wreaking havoc on Main Street families."
https://www.bettermarkets.org/sites/default/files/Better%20Markets%20-%20Wall%20Street's%20Six%20Biggest%20Bailed-Out%20Banks%20FINAL.pdf?fbclid=IwAR1wtruDfH9QwNvXQKUXTDP2KjJCErGpyXG3xXLdFvGWsQvxhCEclI_DhPc
No, We Are Still Not Done With Indemnification Claims Arising from 2000s Residential Mortgages
Philip R. Stein & Enza G. Boderone
"The six pending cases are all still in the very early stages. They’re assigned to different Judges on the federal Central District of California bench. No major motions, such as motions to dismiss or motions for summary judgment, have yet been filed by any of the defendants. We expect that the FDIC-R will file additional suits within the next four months, because its position is that the statute of limitations on these claims will not expire until on or about September 8, 2023. Having represented several mortgage companies, brokers and regional banks in cases of this type for well over a decade, we believe that most of them generally have strong legal and factual defenses available to them to combat such claims. Being aware of the potential grounds for such defenses is imperative in dealing with these suits, which often seek many millions of dollars in alleged damages, interest and fees."
https://www.bilzin.com/.../indemnification-claims-2000s...
I want to thank you, Lodas, for being such a strong indicator of something coming soon