Replies to post #462817 on Mr Cooper Group Inc (COOP)

[newflow]

JPM has around 2.2 trillion assets, there was a notice from federal reserve saying jpm was not compliant to dodd-frank probably in 2015 or 2014, not sure exactly.You can look it up on federalreserve.com .

[UpTickMeA$AP]

That money has nothing to do with escrows.

[cura asada]

According to the JPMC filing, reg nr 333-209681.(173 billion)

Quote:

USE OF PROCEEDS

Unless otherwise described in the applicable prospectus supplement, we will use the net proceeds we receive from the sale of the securities offered by this prospectus and the applicable prospectus supplement for general corporate purposes. General corporate purposes may include the repayment of debt, investments in or extensions of credit to our subsidiaries, redemption of our securities or the financing of possible acquisitions or business expansion. We may invest the net proceeds temporarily or apply them to repay debt until we are ready to use them for their stated purpose.


We will issue the senior debt securities under a senior indenture between us and Deutsche Bank Trust Company Americas, as trustee. We will issue the subordinated debt securities under a subordinated indenture between us and U.S. Bank Trust National Association, as trustee. The debt securities and the indentures are governed by the laws of the State of New York.

Unquote.

They are using the debt securities, re reg nr 333-209681 to pay the 20 billion to DBTNC reg nr 333-209682.