will put Jerry Woods in jail, **Liers are thieves
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Freddie did say he wanted to shut this board down.
Now he has help!
JG Wintworth is ready willing and able to send checks if we can show proof of approval of funds.
Is it legal for a trustee to cut out and keep assets of a bk case and not turning the assets over to the bk court ?
Please explain what you are saying or did that come from Willie?
Bk court will not let the FDIC keep assets that belongs to the bank. All mo.
The accounting may find out a chapter 7 was not warranted and we go back to BK court for a reorg. Will we get our bank back?
500,000 shares are worth over $200,000,000 today.
Can any one tell us what PR TRUMP NEW DRUG PRICING will have on Anavex. Thank you.
Bob toget the court to act all you have to do is bring fraud to the attn. Of BK. Court in UWB case.
They cant steal your money if they dont keep you in the dark
All you need musel and we will be totally blinded.
What will this do to Anavex
"A peculiar thing is happening in financial markets this week: an oft-overlooked corner of Wall Street where banks and others go for billions of dollars in short-term loans is suddenly in need of cash.
To that end, the Federal Reserve has stepped in to inject about $200 billion over the past three days, with plans for another $75 billion on Friday."
https://abcnews.go.com/Business/wireStory/fed-rushes-plug-cash-shortage-short-term-loan-65730701
Its starting ....BREAKING NEWS!
Could be? ...I was thinking of the other Bank in Denver that US Bank owns that Guy was trying to buy! ....
Can you help me with this? Who bought UWB and for how much?
Do you have a LINK that we can fallow ? The only other suspect would be US Bank!
What does Auntie Lil say???
After all monies should cone from FDIC And EC and may be Guy for his participation.
And if we don't get enough to balance the books then we can go after fredie for more!
Shareholders are being tested once again, to see what you will take!
First Citizen BancSh (FCNCA)
471.5
Thinking out side the box...there is a time restraint ....same as the US Budget for mid October ... The
U.S. Department of the Treasury, wants all the FDIC problems cleaned up before new fiscal year may have a baring on what happens in the near future!
So go's China!
Closure of multiple shipyards in China devastates local economies
....what about the bank's recoveries......????.....$280mm, to date and could be much more.....
Did the German bank ever pay off ? .....
and what about the LIBOR pay off?
The LIBOR rates, which stand for London Interbank Offered Rate, are benchmark interest rates for many adjustable rate mortgages, business loans, and financial instruments traded on global financial markets.
https://www.americanbanker.com/opinion/losing-libor-will-be-messy
BankThink Losing Libor will be messy
By
Michael Bright
June 04 2019, 10:52am EDT
Remember the London interbank offered rate, also known as Libor? That rate that no one paid attention to, but then suddenly was on the front page of every newspaper because of the way some reporting banks submitted false quotes. People were justifiably upset, and so, in 2017, the U.K.’s Financial Conduct Authority decided that Libor had to go.
As bankers know, Libor is one of the world’s most important interest rates. Yet, very unfortunately, the financial world still has no solid transition plan away from it.
At this rate, losing Libor is going to be a mess. Borrowers will be confused and angry, businesses will get tied up in litigation and we will have turned an exercise that was aimed at restoring the public’s trust into a failure.
This isn’t an obscure threat off in the distant future. It’s a problem that many have identified as a serious risk to our financial markets. Now —...... not two and a half years from now when Libor is expected to be replaced .......— is the time for the industry, Congress and regulators to come together to develop viable solutions and stave off the worst-case scenarios.
The stakes are high because Libor is currently the benchmark interest rate on nearly $400 trillion in financial contracts globally and $200 trillion in the U.S. Millions of people rely on Libor-based mortgages and student loans. Business loans and investments, such as those made by pension and other retirement funds, are tethered to the interest rate, too.
The U.S. Federal Reserve, which is working hard to avert the worst-case scenarios, has endorsed the secured overnight financing rate as a replacement, but, so far, few new contracts are using it. Despite Libor’s deep flaws, it has been hard for SOFR to gain traction. Because SOFR is new, building its liquidity has been a challenge. Even more difficult to overcome is SOFR’s current lack of a term structure. There are no one-month, three-month or six-month SOFR rates. The rate changes overnight, which makes it unattractive to consumers and bond issuers.
The Federal Reserve’s alternative reference rates committee is also working to build a term curve for SOFR, but the job will be difficult until there are more SOFR debt issuances. We may not get there by December 2021.
Meanwhile, many contracts continue to use Libor, despite its likely demise. That leaves us with more than $8 trillion in outstanding Libor-based contracts, including business loans, floating-rate notes and bonds, securitizations and consumer loans, most of them residential mortgages. Most of these contracts never contemplated a world without this rate. And so, they have no clear language outlining what the replacement rate will be if Libor goes away in an unorganized manner.
To avert the coming Libor disaster, the finance industry needs to do several things. The first would be to include robust fallback language in all new Libor transactions, specifying what rate to use when Libor goes away. Otherwise, the number of financial contracts with weak or no replacement language will keep growing.
In addition, stakeholders need to come together to amend legacy business loan contracts to specify a replacement rate. This can be done if the two sides can agree how things should move forward.
The industry also needs to make it possible for bondholders to communicate with each other so they, too, can collectively amend their contracts. Because of the way market infrastructure is set up now, it is impossible for investors holding the same security to communicate with one another or with the company who issued the securities, but technology could be used to change that.
Other larger-scale solutions must be weighed, and quickly. Fed officials have considered approaching the New York State Legislature to ask that it create a safe harbor for legacy Libor-based contracts. And some key industry participants, including a significant and growing number of cash investors, are advocating for the continued production of Libor, or at least the creation of a synthetic Libor with SOFR as the key underlying component, to be used in legacy deals until they mature.
We have to, of course, determine the viability of these approaches before moving forward with any of them. But if we don’t set ourselves to the task, we’ll soon have a lot of cleaning up to do.
Have you or any body totaled the Divies and how much?
....Guy's peeps said there ain't gonna be any taxable payout proceeds ............
So are they saying NO CASH or we getting additional stock for the cash or they getting a IRS resolute finding so there is no Tax?
So now your last post is telling us that there is not a DEAL! Or what???
So Guy and HL took $113 MM X .65 = $73,450,000 Div by 29.4 mil shares = $2.498299.....
Add $4.33 = $6.82 plus.
October 1st is 20 Days, When will we have conformation ???
Please explain your use of Tax Free and how Free.
When will we know?
.
The sellers were in charge today!
Is it TRUE ???
Is it true that Anti Lil invested in the 16 million shares of UWB with Guy etal?
TREASURY SECRETARY.
New monies can't be allocated until the new fiscal year budget, which I think is about the mid October!
FC will make millions by lending to people who have to rebuild and will have Gov. backup!
[633] Opposition filed by Creditor David W. Anderson, [669] Objection to Confirmation of the Plan filed by Interested Party United States of America/Treasury, [670] Objection filed by Creditor Lead Plaintiffs in Securities Class Action, [671] Response filed by Creditor Committee Official Unsecured Creditors' Committee, Debtor First NBC Bank Holding Company, [672] Objection to Confirmation of the Plan filed by Interested Party United States of America on behalf of the Internal Revenue Service, [673] Stipulation filed by Creditor Committee Official Unsecured Creditors' Committee, Debtor First NBC Bank Holding Company, Interested Party Directors and Former Directors Group, [679] Support Memorandum filed by Debtor First NBC Bank Holding Company, [691] Support Memorandum filed by Interested Party United States of America/Treasury, [702] Brief Memorandum filed by Debtor First NBC Bank Holding Company, [704] Document filed by Debtor First NBC Bank Holding Company) Confirmation hearing to be held on 9/4/2019 at 10:00 AM at 500 Poydras Street, Suite B-709 SECTION A. Tentative Status Conference scheduled for 10/1/2019 at 10:00 AM in Room B-709. (Nunnery, J.)
Yesterday after noon China roll their tanks and troops into HK / WITH NEWS BLACK OUT!
Understanding China: [must watch ]
If true most is tax free!
Fredie I am glad you are getting on board. Thank you ,,,,,,,,,,
and the name calling has stopped. Thank you ....We are all Adults
here......
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I want to put UWB out of my mind and have a great 3 day week end. I hope you and the shareholders can do the same Bob.
But by Tuesday we can pick up where we left off, and may be we will know more.
Trump and NEW TAX CUTS
https://abcnews.go.com/Politics/trump-white-house-insists-economy-strong-weighing-tax/story?id=65075257
I think we are all getting close to calling out the troop's!
FC should Di-vie up the 800,000 shares and keep the money they have to pay,
at $400 this comes out to $320 million or $10.88 per and at $250 comes to $200 million or $6.80 per share.
We know that FC wants to make us happy happy happy.
.