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Our greatest week is here. The beginning of the end. June 1st show me the cash. Our Brokers need to lend us money. Truth or dare?
"
Item?8.01.
Other Events.
On March 21, 2024, JPMorgan Chase & Co. issued a press release announcing that on April 30, 2024 it will redeem all of the 1,000,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series U (the “Series U Preferred Stock”), and on May 1, 2024 it will redeem all of the 1,500,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series Q (the “Series Q Preferred Stock”), all of the 1,500,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series R (the “Series R Preferred Stock”), and all of the 2,000,000 outstanding depositary shares, each representing a one-tenth interest in a share of JPMorgan Chase & Co.’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S (the “Series S Preferred Stock”), in each case pursuant to the optional redemption provisions in the documents governing such depositary shares and the Series U Preferred Stock, the Series Q Preferred Stock, the Series R Preferred Stock and the Series S Preferred Stock.
A copy of the press release referenced above is attached hereto as Exhibit 99.
Item?9.01.
Financial Statements and Exhibits.
(d) Exhibits
99 JPMorgan Chase & Co. press release dated March 21, 2024.
https://www.sec.gov/Archives/edgar/data/19617/000119312524073915/d807652d8k.htm
Guess who gets paid first except for Brian Rosen?
Monday 3/25 Lake/52,504 shares Dimon292,667 shares Guess who gets paid first except for Brian Rosen.
Non Interest Bearing Notes
M 3/25 Medium Term Notes Series A paid quarterly starting June 1,
T 3/26 Medium Term Notes Series A paid quarterly starting June 1,
W 3/27 Medium Term Notes Series A paid quarterly starting June 1,
Th 3/28
F 3/27 Medium Term Notes Series A paid quarterly starting June 1,
4/1 Medium Term Notes Series A paid quarterly starting June 1,
4/17
4/18
5/24 Alerian- Payment MLP index ETF
190,306,100,1000 notes $ 2,265,356,590
4/30/24
5/1/24 JPM redemption of U,Q,R,S to be paid over 11-17 months
6/1 all of the series A Bonds to be distributed payments quarterly
What I meant before in my post is that I will support this idea. I will not do this forever. We may have to admit that they have stolen from us. I am still hoping for a final payment. Peace to all and have a great Easter.
Bill I meant nothing by saying I will step away. I said it more to the doccs and dd that I have delivered that we are so very close. Those that care aboult me here I feel the same. The way in which we get paid has been a real reveal and look forward to the next 3 months. I was not seeking simpithy or compassion. Love to all
If this is not us, I will withdraw because we have been stolen from.
"Exhibit 99
JPMorgan Chase & Co.
383 Madison Avenue, New York, NY 10179-0001
NYSE symbol: JPM
www.jpmorganchase.com
LOGO
News release: IMMEDIATE RELEASE
JPMorgan Chase to Redeem Four Series of Preferred Stock
Represented By Depositary Shares
New York, March 21, 2024 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has announced that on April 30, 2024 it will redeem all of the 100,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U (“Series U Preferred Stock”), and on May 1, 2024 it will redeem all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Q (“Series Q Preferred Stock”), all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R (“Series R Preferred Stock”) and all of the 200,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S (“Series S Preferred Stock”). The shares of Series U Preferred Stock are represented by 1,000,000 depositary shares (CUSIP: 46625HJW1), the shares of Series Q Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48124BAC9), the shares of Series R Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48126HAA8) and the shares of Series S Preferred Stock are represented by 2,000,000 depositary shares (CUSIP: 46625HJQ4). Each depositary share represents a one-tenth interest in a share of Series U, Series Q, Series R or Series S Preferred Stock, respectively. The redemption price per share for the Series U, Series Q, Series R and Series S Preferred Stock will be $10,000 (equivalent to $1,000 per depositary share).
Payment of the redemption price for the Series U Preferred Stock will be made on the redemption date of April 30, 2024, and payment of the redemption price for the Series Q, Series R and Series S Preferred Stock will be made on the redemption date of May 1, 2024, in each case upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as Depositary, at 150 Royall Street, Canton, Massachusetts 02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.
April 30, 2024 will be the final dividend payment date for the Series U Preferred Stock and the depositary shares representing the Series U Preferred Stock. The record date for that dividend is April
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
1, 2024. In addition, May 1, 2024 will be the final dividend payment date for the Series Q, Series R and Series S Preferred Stock and the depositary shares representing those series of preferred stock. The record date for those dividends is also April 1, 2024.
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 and $327.9 billion in stockholders’ equity as of December 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, predominantly 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.
# # #
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
If this is not us, I will withdraw, because we have been stolen from.
"Exhibit 99
JPMorgan Chase & Co.
383 Madison Avenue, New York, NY 10179-0001
NYSE symbol: JPM
www.jpmorganchase.com
LOGO
News release: IMMEDIATE RELEASE
JPMorgan Chase to Redeem Four Series of Preferred Stock
Represented By Depositary Shares
New York, March 21, 2024 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has announced that on April 30, 2024 it will redeem all of the 100,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U (“Series U Preferred Stock”), and on May 1, 2024 it will redeem all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Q (“Series Q Preferred Stock”), all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R (“Series R Preferred Stock”) and all of the 200,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S (“Series S Preferred Stock”). The shares of Series U Preferred Stock are represented by 1,000,000 depositary shares (CUSIP: 46625HJW1), the shares of Series Q Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48124BAC9), the shares of Series R Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48126HAA8) and the shares of Series S Preferred Stock are represented by 2,000,000 depositary shares (CUSIP: 46625HJQ4). Each depositary share represents a one-tenth interest in a share of Series U, Series Q, Series R or Series S Preferred Stock, respectively. The redemption price per share for the Series U, Series Q, Series R and Series S Preferred Stock will be $10,000 (equivalent to $1,000 per depositary share).
Payment of the redemption price for the Series U Preferred Stock will be made on the redemption date of April 30, 2024, and payment of the redemption price for the Series Q, Series R and Series S Preferred Stock will be made on the redemption date of May 1, 2024, in each case upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as Depositary, at 150 Royall Street, Canton, Massachusetts 02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.
April 30, 2024 will be the final dividend payment date for the Series U Preferred Stock and the depositary shares representing the Series U Preferred Stock. The record date for that dividend is April
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
1, 2024. In addition, May 1, 2024 will be the final dividend payment date for the Series Q, Series R and Series S Preferred Stock and the depositary shares representing those series of preferred stock. The record date for those dividends is also April 1, 2024.
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 and $327.9 billion in stockholders’ equity as of December 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, predominantly 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.
# # #
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
Remember the Alamo
"Royal Dude
Re: None
Thursday, October 12, 2023 11:24:33 AM
Post# of 717322 Go
Who do you think owes us money? My Hero who saved the US Banking system.
"Failed Bank Information for First Republic Bank, San Francisco, CA
On Monday, May 1, 2023, First Republic Bank was closed by the California Department of Financial Protection and Innovation and the Federal Deposit Insurance Corporation (FDIC) was appointed Receiver. No advance notice is given to the public when a financial institution is closed. JPMorgan Chase Bank, National Association (N.A.), Columbus, Ohio acquired all deposit accounts and substantially all the assets."
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/first-republic.html
"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=IwAR2AyM-Ty3uCWixvskVSzzlSArvkU3kZPAnRUM2E_WIOVAMHMRY4I4Su1lg
Bullish
BULLISH"
They are afraid to allow me to explain to the group that our value is not transferred in the Bankruptcy. The settlement had the goods that Brian Rosen could not get his hands on and have always used the bankruptcy to hide. Our legal representation from the Hedge funds settled outside of BK. Why would BR still be involved if there was not an outside settlement to Escrow/Legacy/ and remote assests. Read all Lotus BS only using the BK language. All Trust or remote assets language is completely separate and has become the great deception from the Rosen/Lotus machine. He thinks he is the master of the universe while being the demon of samantics. The definition of a lawyer. They will burn.
Royal
Lotus
Re: None
Monday, March 18, 2024 8:25:22 PM
Post# of 724726 Go
sadly. what some people on this board expecting more recovery dont understand is that THESE COMPANIES CEASE TO EXIST ANYMORE!!!....... when the chapter 11 was ratified and closed, and release signatures were secured, these companies went into lala land, or oblivion, and buried...a new corporate structure emerged from the old remains with no ties, or obligations to the old equity holders, AND THERE IS NO OBLIGATION TO MAKE THEM WHOLE AGAIN!!!!!!!....if you signed a release, then you gave up all your rights to any former values in the old company... if you did not sign a release, then you have to go to court and sue to get your values returned to you.... 6 that simple... for those of you who have waited, and are waiting to be made whole, you are waiting for a train that derailed on the tracks 12 years ago.....everything posted concerning returns, without documentation is hope and fantasy, and a waste of time....Lodas"
"WHAT: DTCC will be conducting a test of our business continuity and disaster recovery plans. As a result of this testing, DTCC’s Institutional Trade Processing (ITP) TradeSuite ID ® service will be temporarily unavailable. Although this system testing will impact some processing schedules, regular processing and access will resume immediately following the exercise.
WHEN: Please be advised ITP’s TradeSuite ID system will be unavailable between 12:00 PM ET Saturday, April 6th, 2024 and 12:00 PM ET Sunday, April 7th, 2024.
FOR MORE INFORMATION: If you have any questions, please contact us via MyDTCC or contact your Relationship Manager directly.
Pg.59 First Republic for JP Morgan OUR PAYMENT FOR WMB
"The net increase also included $61 billion of deposits associated with First Republic, primarily reflected in CCB, AWM and CB."
Just enough for WMB IMO
Special FDIC event/ "FDIC special assessment."
"Accounts payable and other liabilities decreased primarily due to lower client payables related to client-driven activities in Markets, partially offset by higher accounts payable and accrued liabilities, including the $2.9 billion payable related to the Refer to Note 19 for additional information.
"Deposits increased, reflecting the net impact of:
•higher balances in CIB due to net issuances of structured notes as a result of client demand, as well as deposit inflows from client-driven activities in Payments and Securities Services, partially offset by deposit attrition, including actions taken to reduce certain deposits,
•growth in Corporate related to the Firm's international consumer initiatives,
•lower balances in CCB reflecting higher customer spending,
•a decline in AWM due to continued migration into higher-yielding investments driven by the higher interest rate environment, predominantly offset by growth from new and existing customers as a result of new product offerings, and
•a decrease in CB due to continued deposit attrition as clients seek higher-yielding investments, predominantly offset by the retention of inflows associated with disruptions in the market in the first quarter of 2023.
The net increase also included $61 billion of deposits associated with First Republic, primarily reflected in CCB, AWM and CB.
Federal funds purchased and securities loaned or sold under repurchase agreements increased, reflecting the impact of a lower level of netting on reduced repurchase activity.
Refer to Liquidity Risk Management on pages 102–109 for additional information on deposits, federal funds purchased and securities loaned or sold under repurchase agreements, and short-term borrowings; Notes 2 and 17 for deposits and Note 11 for federal funds purchased and securities loaned or sold under repurchase agreements; Business Segment Results on page 67 and Note 34 for additional information on the First Republic acquisition.
Trading liabilities increased due to client-driven market-making activities in Fixed Income Markets, which resulted in higher levels of short positions in debt instruments, partially offset by lower derivative payables primarily as a result of market movements. Refer to Notes 2 and 5 for additional information.
Accounts payable and other liabilities decreased primarily due to lower client payables related to client-driven activities in Markets, partially offset by higher accounts payable and accrued liabilities, including the $2.9 billion payable related to the FDIC special assessment. Refer to Note 19 for additional information.
With the other 150 billion, I think they have it covered :)
This could be the next dates in the works IMO
Original issue date (settlement date): expected to be the fifth scheduled business day after the trade date (i.e., between March 13, 2024 and April 5, 2024)
Original issue price: 100.00% of the principal amount
Underwriting commission/discount: up to 1.25% of the principal amount*
Net proceeds to the issuer: % of the principal amount
See “Summary Information — Supplemental Use of Proceeds” on page PS-8 of thi pricing supplement for information about the components of the original issue price of the notes.
*J.P. Morgan Securities LLC, which we refer to as JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions it receives from us to an unaffiliated dealer. In no event will these selling commissions exceed 1.25% of the principal amount. See “Plan of Distribution (Conflicts of Interest)” on page PS-86 of the accompanying product supplement.
https://www.sec.gov/Archives/edgar/data/1665650/000121390024020151/ea171137_424b2.htm
$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
https://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
The current situation
Fdic voluntay of all of NYSD Court of all of the participants in the Banruptcy.
1. March 5th Term Sheet
2. 8th 2days
12th Closing (t+5)
14th Trading by (per Sec)
3. 6.875
4. Reset x 4 = 10 B
5. 2,500,000 X $10,000 = 2.5 B
"DESCRIPTION OF COMMON STOCK JPM
As of the date of this prospectus, we are authorized to issue up to 9,000,000,000 shares of common stock. As of December 31, 2021, we had 2,944,149,145 shares of common stock issued and outstanding (which excludes 1,160,784,750 shares held in treasury).
The following summary is not complete. You should refer to the applicable provisions of our certificate of incorporation and to the DGCL for a complete statement of the terms and rights of our common stock.
Pg 36
Dividends. Holders of common stock are entitled to receive dividends if, as and when declared by our board of directors out of funds legally available for payment, subject to the rights of holders of our preferred stock."
p. 39
"DTC has advised us that upon the issuance of a global security and the deposit of that global security with DTC, DTC will immediately credit, on its book-entry registration and transfer system, the respective principal amounts or number of shares represented by that global security to the accounts of DTC participants.
We will make payments on securities represented by a global security to DTC or its nominee, as the case may be, as the registered owner and holder of the global security representing those securities. DTC has advised us that upon receipt of any payment on a global security, DTC will immediately credit accounts of DTC participants with payments in amounts proportionate to their respective beneficial interests in that security, as shown in the records of DTC."
Pg.40
"We understand that, under existing industry practices, in the event that we request any action of holders, or an owner of a beneficial interest in a global security desires to take any action that a holder is entitled to take under the securities or the indentures, DTC would authorize the DTC participants holding the relevant beneficial interests to take that action, and those DTC participants would authorize beneficial owners owning through those DTC participants to take that action or would otherwise act upon the instructions of beneficial owners owning through them.
DTC has advised us that DTC is a limited purpose trust company organized under the New York Banking Law, a “banking organization” within the meaning of the New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the meaning of the New York Uniform Commercial Code and a “clearing agency” registered under the Securities Exchange Act of 1934."
spending bills approved by the Senate in time to avoid a shutdown of many key federal agencies. The legislation's success gets lawmakers about halfway home in wrapping up their appropriations work for the 2024 budget year.
The measure contains six annual spending bills and had already passed the House. In signing it into law, Biden thanked leaders and negotiators from both parties in both chambers for their work, which the White House said will mean that agencies “may continue their normal operations.”
Meanwhile, lawmakers are negotiating a second package of six bills, including defense, in an effort to have all federal agencies fully funded by a March 22 deadline.
Possible settlement due by March 22 in the last Government bill.
DocketBird. You are not being charged for this notice; we are providing it as a courtesy.
Case: In Re: Libor-Based Financial Instruments Antitrust Litigation (nysd-1:2011-md-02262)
Court: Southern District of New York
3985. NOTICE OF VOLUNTARY DISMISSAL WITH PREJUDICE OF SOCIETE GENERALE PURSUANT TO F.R.C.P. 41(a)(1)(A)(i): PLEASE TAKE NOTICE that, pursuant to Federal Rule of Civil Procedure 41(a)(1)(A)(i), Plaintiffs, by and through their undersigned attorneys, hereby dismiss all of their respective claims against Defendant Socit Gnrale ("SocGen") with prejudice from the actions City of Richmond, et al. v. Bank of America Corp., et al., No. 13-cv-00627; City of Riverside, et al. v. Bank of America Corp., et al., No. 13-cv-00597; County of Mendocino v. Bank of America Corp., et al., No. 13-cv-08644; County of Sacramento v. Bank of America Corp., et al., No. 13-cv-05569; County of San Diego v. Bank of America Corp., et al., No. 13-cv-00667; County of San Mateo, et al. v. Bank of America Corp., et al., No. 13-cv-00625; County of Sonoma, et al. v. Bank of America Corp., et al., No. 13-cv-05187; East Bay Municipal Utility District v. Bank of America Corp., et al., No. 13-cv-00626; San Diego Association of Governments v. Bank of America Corp., et al., No. 13-cv-05221; and The Regents of the University of California v. Bank of America Corp., et al., No. 13-cv-05186, without interest to any party and with each party to bear its own attorneys' fees and costs. For the avoidance of doubt, this notice of voluntary dismissal applies only to SocGen, and Plaintiffs are continuing to pursue claims against other Defendants in these actions. So ordered. (Signed by Judge Naomi Reice Buchwald on 3/6/2024
Believe they were sold off to itself or elsewhere for cash at a discount
Alerian Notes as a possible settlement for our Legacy Value
3/31/23 10K
6/30/23 10k DD for JPM
9/30/23 10k
1/30/24 New notes issued
2/6/24 Declared effective
2/7/24 Effective prospect dated
4/11/24 Repurchase notice
4/12/24 Repurchase date/Amount pay
4/17/24 Offer expires
4/18/24 Terms of new notes
4/23/24 Payments early repurchase
5/24/24 Exchange New notes for old notes
5/28/24 Settlement shortened
7/26/24 Right of redemption
** Please do your own dd, this is only my guess as to my dd and documents
19:03661:1 to one with Old to New ???
Possibility is to combine P's with Q's????
https://www.sec.gov/Archives/edgar/data/1665650/000095010324001881/dp206454_424b3.htm
You tell me, is this Billions $ My position this is for Budget 2, The big Kahuna . Please study link. I think this is very important and will make for a very important Spring.
Investing in the notes involves a number of risks. See “Risk Factors” beginning on page PS-16 of the accompanying product supplement and “Selected Risk Considerations” beginning on page MMS-8 of this market-making supplement.
†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 supplem
$125,157,168,784 JPMORGAN CHASE & CO. Debt Securities
https://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
Warrants Units Purchase Contracts Guarantees JPMORGAN CHASE FINANCIAL COMPANY LLC Debt Securities Warrants
https://www.sec.gov/Archives/edgar/data/19617/000095010316012673/dp65044_424b2-amms1.htm?fbclid=IwAR2912EF8R3VOclVE37sx2SXCsbip2JKicT-W8iHZ6FhDpAmZvUJHHwnDWQ
If they keep kicking people off their repetition conquers
Hey bouncer give it a rest. We must be getting close
Me to
The FDIC is a great place to do Business for JPM and all will be settled as a Banking system without identifying guilt of any of the top 10 Banks. I want this to be successful and not be a master of the universe. The government allowed this and must succeed fixing the settlement for the Banking system and fix a broken constitution. Vote for our success
Agree, the deadlines are set and we have to stay strong. Money and process DTCC and FDIC has been set IMO I love our chances
We will see by 4/14/24 deposition deadline. Do not think they will risk exposure.
Wow thanks for the insult, just kidding :)
Get the connection, First Republic, JPM, FDIC , Silicone Bank, Signature, old Legacy assets = NYCB
When is in bold
CEO COMMENTARY
“In 2023, New York Community reached an inflection point in its transformation to a dynamic, full-service commercial bank” said President and Chief Executive Officer Thomas R. Cangemi. “We reported an increase in net income available to common stockholders, diversified our balance sheet with commercial loans now representing almost 50% of our total loans, and increased the percentage of non-interest-bearing deposits. In addition, we have made terrific progress integrating Flagstar Bank, meeting every milestone along the way and unveiled a fresh, new re-branding campaign, which will launch shortly after the planned systems conversion is completed in mid-February.
“Shortly after closing the acquisition of Flagstar Bank, we were presented with the unique opportunity to accelerate this transformation when we were selected by the FDIC to purchase certain strategically and financially attractive assets and liabilities of Signature Bank. The benefits of this transaction were abundantly clear, as it strengthened our balance sheet by adding a significant amount of low-cost deposits and a middle-market business supported by over 130 private banking teams. The transaction also put us over $100 billion in total assets, placing us firmly in the Category IV large bank class of banks between $100 billion and $250 billion in assets and subjecting us to enhanced prudential standards, including risk-based and leverage capital requirements, liquidity standards, requirements for overall risk management and stress testing. While we began preparing to be a $100 billion bank almost immediately after closing the Flagstar acquisition, we crossed this important threshold sooner than anticipated as a result of the Signature transaction. Alongside the integration of our three banks and in anticipation of our initial capital plan submission in April of this year, we have pivoted quickly and accelerated some necessary enhancements that come with being a $100 billion-plus Category IV bank.
https://www.sec.gov/Archives/edgar/data/910073/000091007324000031/nycb4q2023earningsrelease.htm
https://www.sec.gov/Archives/edgar/data/910073/000091007324000031/nycb-20240131.htm
Yes, I agree, but would it be funny if it was all a sub of JPM :)
They will not let me post during the day It is a blessing from the blind here. They have recreated a Bank with the worst debts and risky assets. They will not let it fail IMO LOL
This could be our replacement Bank. It is about the right size.
NYCB
“Shortly after closing the acquisition of Flagstar Bank, we were presented with the unique opportunity to accelerate this transformation when we were selected by the FDIC to purchase certain strategically and financially attractive assets and liabilities of Signature Bank. The benefits of this transaction were abundantly clear, as it strengthened our balance sheet by adding a significant amount of low-cost deposits and a middle-market business supported by over 130 private banking teams. The transaction also put us over $100 billion in total assets, placing us firmly in the Category IV large bank class of banks between $100 billion and $250 billion in assets and subjecting us to enhanced prudential standards, including risk-based and leverage capital requirements, liquidity standards, requirements for overall risk management and stress testing. While we began preparing to be a $100 billion bank almost immediately after closing the Flagstar acquisition, we crossed this important threshold sooner than anticipated as a result of the Signature transaction. Alongside the integration of our three banks and in anticipation of our initial capital plan submission in April of this year, we have pivoted quickly and accelerated some necessary enhancements that come with being a $100 billion-plus Category IV bank."
SEC.GOV
nycb-20240131
https://www.sec.gov/Archives/edgar/data/910073/000091007324000031/nycb-20240131.htm
Guess they only allow me to post after 10 p.m. why you don't see me during the day
The Semantics of the use of escrows is disastrous. Wish we could delete you the same.
Sorry $27 could be but there is so much money being confused in this settlement we will never know.
"The offering is expected to close on or around February 1, 2024, subject to customary closing conditions. It is expected that the net proceeds of the offering will be used to repay a portion of the amounts outstanding under Mr. Cooper’s MSR facilities."
donfig47
Re: None
Tuesday, January 30, 2024 7:46:12 AM
Post# of 722565 Go
Mr. Cooper Group Inc. Announces Pricing of Offering of $1 Billion of Senior Notes
DALLAS—(BUSINESS WIRE)—January 29, 2024--Mr. Cooper Group Inc. (NASDAQ: COOP) (“Mr. Cooper”) announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper (“Nationstar”), of $1,000,000,000 7.125% Senior Notes due 2032 (the “Notes”). The Notes will bear interest at 7.125% per annum and will mature on February 1, 2032. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, beginning on August 1, 2024.
The offering is expected to close on or around February 1, 2024, subject to customary closing conditions. It is expected that the net proceeds of the offering will be used to repay a portion of the amounts outstanding under Mr. Cooper’s MSR facilities.
The Notes will be guaranteed on a joint and several basis by Mr. Cooper and wholly-owned domestic subsidiaries of Nationstar (other than certain excluded subsidiaries).
The offering of the Notes was made in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), in the United States only to investors who are “qualified institutional buyers,” as that term is defined in Rule 144A under the Securities Act, or outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release may include information that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in Mr. Cooper’s Securities and Exchange Commission filings. Past results of Mr. Cooper are not necessarily indicative of future results. Mr. Cooper does not undertake any obligation to update any forward-looking statement.
About Mr. Cooper Group
Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Contacts
Investor Contact:
Kenneth Posner, SVP Strategic Planning and Investor Relations
(469) 426-3633
Shareholders@mrcooper.com
I can really feel the love Reiko
This just appeared, know nothing about sourse . But I did not produce it. Maybe it is time to sue !!!!!!!,
Action Requested: Approve the proposed capital distribution not to exceed $20 billion from Washington Mutual Bank fsb to Pike Street Holdings.
Summary: Since the execution of Project Jefferson in February 2004, WMB fsb has generated a large amount of excess cash through asset sales, funding transactions and nel Income. WMB fab has lent the excess funds to Washington Mutual Bank through a master note arrangement. The master note with WMB is not a qualified thrift asset. In the past WMB fsb had deployed the excess funds on the master note by purchasing loans or securities, in a tax officient manner, from WMB. The loans or securities are pledged to secure additional funding which then grosses up the balance sheet of WMB fab. The balance sheet of WMB fab, since 2004, has grown from approximately $30 billion to $47 billion.
We propose to decapitalize WMB fab by returning $20 billion of capital to its parent. The $20 billion will include the master note of approximately $7 billion, proceeds from $3.5 billion of Discount Notes and cash generated through add Bonal wholesale deposits and advances from FHLB Seattle, We propose the payment of at least $10 billion by September 30, 2008 and the remaining $10 billion through December 2009.
The net balance sheet of WMB fsb will be approximately $34 billion to $36 billion after Project Fillmore. The leverage ratio will decrease to 25% from 62%. A well- capitalized institution requires an 8% or higher leverage ratio.
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They continue to lay out the road for payment of legacy. Will this be the time?????????????? on January 31st
Key Terms
Issuer: JPMorgan Chase Financial Company LLC, an indirect, wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Underlier: the S&P 500® Index (Bloomberg symbol, “SPX Index”), as published by S&P Dow Jones Indices LLC (“S&P”). The accompanying product supplement refers to the underlier as the “Index.”
Principal amount: each note will have a principal amount of $1,000; $11,605,000 in the aggregate for all the offered notes; the aggregate principal amount of the offered notes may be increased if the issuer, at its sole option, decides to sell an additional amount of the offered notes on a date subsequent to the date of this pricing supplement
Purchase at amount other than principal amount: the amount we will pay you at the stated maturity date for your notes will not be adjusted based on the price you pay for your notes, so if you acquire notes at a premium (or discount) to the principal amount and hold them to the stated maturity date, it could affect your investment in a number of ways. The return on your investment in the notes will be lower (or higher) than it would have been had you purchased the notes at the principal amount. Also, the stated buffer level would not offer the same benefit to your investment as would be the case if you had purchased the notes at the principal amount. Additionally, the cap level would be triggered at a lower (or higher) percentage return than indicated below, relative to your initial investment. See “Selected Risk Factors — Risks Relating to the Notes Generally — If You Purchase Your Notes at a Premium to the Principal Amount, the Return on Your Investment Will Be Lower Than the Return on Notes Purchased at the Principal Amount and the Impact of Certain Key Terms of the Notes Will Be Negatively Affected” on page PS-13 of this pricing supplement.
PS-3
Payment on the stated maturity date: for each $1,000 principal amount note, we will pay you on the stated maturity date an amount in cash equal to:
? if the final underlier level is greater than or equal to the cap level, the maximum settlement amount;
? if the final underlier level is greater than the initial underlier level but less than the cap level, the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) the upside participation rate times (c) the underlier return;
? if the final underlier level is equal to or less than the initial underlier level but greater than or equal to the buffer level, $1,000; or
? if the final underlier level is less than the buffer level, the sum of (i) $1,000 plus (ii) the product of (a) $1,000 times (b) the buffer rate times (c) the sum of the underlier return plus the buffer amount. You will receive less than $1,000.
Initial underlier level (the closing level of the underlier on the trade date): 4,868.55. The accompanying product supplement refers to the initial underlier level as the “Initial Value.”
Final underlier level: the closing level of the underlier on the determination date. In certain circumstances, the closing level of the underlier will be based on the alternative calculation of the underlier described under “General Terms of Notes — Postponement of a Determination Date — Notes Linked to a Single Underlying — Notes Linked to a Single Underlying (Other Than a Commodity Index)” on page PS-45 of the accompanying product supplement or “The Underlyings — Indices — Discontinuation of an Index; Alteration of Method of Calculation” on page PS-68 of the accompanying product supplement. The accompanying product supplement refers to the final underlier level as the “Final Value.”
Underlier return: the quotient of (i) the final underlier level minus the initial underlier level divided by (ii) the initial underlier level, expressed as a percentage
Upside participation rate: 3.00
Cap level: 106.28% of the initial underlier level
Maximum settlement amount: $1,188.40
Buffer level: 90.00% of the initial underlier level
Buffer amount: 10.00%
Buffer rate: the quotient of the initial underlier level divided by the buffer level, which equals approximately 1.1111
Trade date: January 24, 2024
Original issue date (settlement date): January 31, 2024"
$125,157,168,784
JPMORGAN CHASE & CO.
Debt Securities
Warrants
Units
Purchase Contracts
Guarantees
JPMORGAN CHASE FINANCIAL COMPANY LLC
Debt Securities
Warrants
https://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
Sorry Large not soon enough
"• Since September 2008, Freddie Mac has been operating in conservatorship, with the Federal Housing Finance Agency (FHFA) acting as Conservator. • As of December, our maximum exposure to Fannie Mae-issued collateral that was included in Freddie Mac-issued resecuritizations was approximately $110.4 billion, and is not in Table 4."
https://www.freddiemac.com/investors/financials/pdf/1223mvs.pdf?fbclid=IwAR1AXYOEp5geb5DY745W-SlM6jpRhPs_U3d3JqyP9wKoMKPPfUWG0ZcR7VA
PRESS RELEASE | JANUARY 26, 2024
FDIC MAKES PUBLIC DECEMBER ENFORCEMENT ACTIONS; NO ADMINISTRATIVE HEARINGS SCHEDULED FOR FEBRUARY 2024
WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December 2023. There are no administrative hearings scheduled for February 2024.
The FDIC issued 12 orders and one Decision and Order in December 2023. The administrative enforcement actions in those orders consisted of four orders of termination of deposit insurance; three orders terminating consent orders; two consent orders; one order terminating supervisory prompt corrective action directive; one order of prohibition from further participation; one order to pay a civil money penalty (CMP); and one Decision and Order to Prohibit from Further Participation and Assessment of Civil Money Penalty.
To view orders, adjudicated decisions and notices and the administrative hearing details online, please visit the FDIC’s Web page by clicking the link below.
December 2023 Enforcement Decisions & Orders
Effective January 31, 2024, please note the following Sponsored Member name changes: THE BANK OF NEW YORK MELLON is the Sponsoring Member for these firms. Please note that only the designated Sponsoring Member is authorized to submit transactions against its Sponsored Members. Questions regarding this Important Notice should be directed to your DTCC Relationship Manager. To: First American Funds Trust - Government Obligations Fund From: First American Funds, Inc. – Government Obligations Fund To: First American Funds Trust - Institutional Prime Obligations Fund From: First American Funds, Inc. – Institutional Prime Obligations Fund To: First American Funds Trust - Treasury Obligations Fund From: First American Funds, Inc. – Treasury Obligations Fund To: First American Funds Trust - Retail Prime Obligations Fund From: First American Funds, Inc. – Retail Prime Obligations
https://www.dtcc.com/-/media/Files/pdf/2024/1/25/GOV1632-24PDF.PDF
The Connection
"WHERE IS OUR MONEY ANYWAY NO ONE HAS EVER GIVEN ME A GOOD ANSWER ?
American Funds Washington Mutual Investors Fund Class A AWSHX
American Funds Large Blend
Change fund
0.21 (0.37%)$55.86
YTD Return
+11.92%
As of November 30, 2023
Net Assets
$162B
https://www.capitalgroup.com/individual/search.html...