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Mark Pittman  predicted the subprime mortgage crisis, timed the stock market decline of 2008-09 and took on the Federal Reserve. He died Nov. 25, 2009, at the age of 52.
Fed Refuses to Disclose Recipients of $2 Trillion (Correct)

Oct. 25 (Bloomberg) -- The late Bloomberg News reporter Mark Pittman asked the U.S. Treasury in January 2009 to identify $301 billion of securities owned by Citigroup Inc. that the government had agreed to guarantee. He made the request under the federal Freedom of Information Act on the grounds that taxpayers ought to know how their money was being used. (JTNote: The information he requested was never sent to him.)

The basic function of the Freedom of Information Act is to ensure informed citizens, vital to the functioning of a democratic society.
This site can help you determine if filing a FOIA request is the best option for you and help you create your request when you’re ready. https://www.foia.gov/
 

   

" The American Beauty Rose can be produced in its splendor and fragrance only by sacrificing the early buds which grow up around it."  J. D. ROCKEFELLER, JR., IN AN ADDRESS ON TRUSTS, TO THE STUDENTS OF BROWN UNIVERSITY.

---------------------------------

 

The Oldest Surviving Banks Of The World
Rank Bank Country Year of Establishment
1 Banca Monte dei Paschi di Siena Italy 1472
2 Berenberg Bank Germany 1590
3 Sveriges Riksbank Sweden 1668
4 C. Hoare & Co. England 1672
5 Metzler Bank Germany 1674
6 Barclays England 1690
7 Coutts England 1692
8 Bank of England England 1694
9 Bank of Scotland Scotland 1695
10 Caja Madrid (now Bankia) Spain 1702
https://www.worldatlas.com/articles/the-oldest-operational-banks-in-the-world.html

The above is a good example of how the internet is being used to distort Bank information:
Barclays Group Archives are home to the records of Barclays PLC and
its predecessors, dating from 1567 to the present day
https://home.barclays/who-we-are/our-history/ 

1567

Barclays Group Archives are home to the records of Barclays PLC and its predecessors, dating from 1567 to the present day https://home.barclays/who-we-are/our-history/

1690

John Freame and Thomas Gould start trading as goldsmith bankers     http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html      https://www.hsgac.senate.gov/imo/media/doc/REPORT-Abuse%20of%20Structured%20Financial%20Products%20(Basket%20Options)%20(7-22-14,%20updated%209-30-14).pdf

Barclays business can be traced back to two Quakers called John Freame and Thomas Gould, who established themselves as goldsmith bankers in Lombard Street in the City of London in 1690. Their business flourished, helped in no small part by its Quaker connections. They financed Quaker traders in the new colonies in America and the Caribbean, they helped to finance the Pennsylvania Land Company, and they were actively involved in Quaker-dominated companies like the London Lead Company and the Welsh Copper Company. https://home.barclays/who-we-are/our-history/ 

1694

1694 – Bank of England Established   http://www.thrivemovement.com/banking-history-timeline-follow-money

Our History -The Bank of England was founded as a private bank in 1694 to act as banker to the Government. Today we are the UK’s central bank. This timeline looks at some of the highlights from our long history. https://www.bankofengland.co.uk/about/history

1695

 Freame and Gould sold silver to the Royal Mint. They were also the closest thing the Quakers had to an official banker, holding the Society Of Friends' central funds (known as the national stock). In 1695, this amounted to £1,100. https://home.barclays/who-we-are/our-history/

1723

 James was the son of David Barclay by his first wife, Ann. Following the death of Ann, David Barclay married Freame’s elder daughter Priscilla in 1723. This rather complicated state of affairs meant that James Barclay's stepmother was also his sister-in-law, but is quite typical of the way the Quakers ran their lives and businesses. Family, religious and business ties were inextricably linked. https://home.barclays/who-we-are/our-history/
Note: David Barclay Senior did not become a partner in the bank, his sons by his second wife (and, therefore, John Freame’s grandsons), David Barclay the younger and John Barclay did.

1728

In 1728, Freame’s son, Joseph, became a partner in the bank, and John Freame began a gradual process of retirement.

1730

Colonial banks were established in America

1733

James Barclay joined the firm in 1733, having married Freame’s daughter, Sarah.

1736

James Barclay becomes partner in the bank     http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
 

 

1740

The Land Bank of Massachusetts was established to supply paper money, because the British government in 1737 ordered that the colony of Massachusetts issue no more paper money. This bank issued bank notes upon the security of land or of commodities--- banknotes that could be redeemed after twenty years,  and that might be paid in commodities.  It had no capital stock, but proposed to issue paper notes to the amount of 150,000 pounds (more than $500,000) to be secured by land. The Land Bank was finally suppressed by the British government.

1744

1744- Mayer Amschel Rothschild, Founder of the Rothschild Banking Empire, is Born in Frankfurt, Germany

Mayer Amschel Rothschild extended his banking empire across Europe by carefully placing his five sons in key positions. They set up banks in Frankfurt, Vienna, London, Naples, and Paris. By the mid 1800’s they dominated the banking industry, lending to governments around the world and people such as the Vanderbilts, Carnegies, and Cecil Rhodes.
http://www.thrivemovement.com/banking-history-timeline-follow-money

1757

1757- Colonial Scrip Issued in US

Debt free, fiat currency was printed in the public interest. As Benjamin Franklin said,

“In the colonies we issue our own money. It is called colonial scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control its purchasing power and we have no interest to pay no one.”
http://www.thrivemovement.com/banking-history-timeline-follow-money

1764

Founded in 1764, Brown is a leading research university home to world-renowned faculty, and also an innovative educational institution where the curiosity, creativity and intellectual joy of students drives academic excellence.
https://www.brown.edu/about

1774

The first Continental Congress met in Carpenter's Hall in Philadelphia, from September 5, to October 26, 1774.

1775

The Continental Congress began on June 22, 1775, to issue Continental paper money.The money gradually depreciated in value because there was no stable government back of it and the people lacked confidence in its redemption. [US Financial History as documented in my 1921 book].

Treasury    The whole banking system is a lie...... And every country on this planet bought into that lie. NEW

1776

Congress adopts Declaration of Independence, July 4: The birth-certificate of the United States of America

David Barclay the younger, who became a partner in the bank in 1776, was a very active Quaker. https://home.barclays/who-we-are/our-history/
 

1780

Bank of Pennsylvania was chartered. In July, the Bank of Pennsylvania was established for the purpose of raising funds to carry on the war

In 1780 Pennsylvania passes an act setting all slaves free at 28 years of age.    [US Financial History as documented in my 1921 book].           .

1781

Chartering of the Bank of North America The Continental Congress, following the suggestion of Robert Morris, the financier of the American Revolution, created the Bank of North America.

The Continentalist No. IV, [30 August 1781]

In May, 1781, Robert Morris, of Pennsylvania, submitted a plan for the  National Bank of North America, capital$400,000

 

1784

Bank of New York starts without charter

 

1784- Financing New York
After the Revolutionary War, New York City was in a state of disrepair. But the city was determined to bounce back. Just months after British forces left U.S. soil, local merchants and lawyers came together to create a bank that would forever play a crucial role in the global financial system. 
https://www.bnymellon.com/us/en/timeline.jsp

1784- $500,000
The Bank of New York opens for business with $500,000 in capital. Alexander Hamilton, financial leader and respected New York lawyer, singlehandedly writes its constitution and becomes one of the bank's directors.
https://www.bnymellon.com/us/en/timeline.jsp
NOTE:  In an effort to rejuvenate the economy after the war, Hamilton was very vocal about the need for a bank. While some called for "land banks"—so called because capital was measured by land—he was a champion for the case of liquid assets that could be converted into cash as needed, which would make international markets more accessible. 
https://www.bnymellon.com/us/en/timeline.jsp

1787

1787- Alexander McDougall is appointed first president of The Bank of New York.  https://www.bnymellon.com/us/en/timeline.jsp

NOTE: In 1787, the Fugio becomes the first coin authorized by Congress, though it is never circulated due to its light weight. Meaning "I Fly" in Latin, the coin prominently features the phrase "Mind Your Business."  https://www.bnymellon.com/us/en/timeline.jsp

1789

1789- First in Finance
Already colonel, scholar, lawyer and writer, Alexander Hamilton adds first U.S. Secretary of the Treasury to his list of achievements.  
https://www.bnymellon.com/us/en/timeline.jsp

NOTE:    The Bank of New York provides the first loan ever made to the U.S. government, in the amount of $200,000. A solid reputation with world governments—and a superior credit rating—is what still makes the Bank the safest bank in the U.S. today.  https://www.bnymellon.com/us/en/timeline.jsp
 

1791

1791 – Congress Creates the First US Bank – A Private Company, Partly Owned by Foreigners – to Handle the Financial Needs of the New Central Government. Previously, the 13 states had their own banks, currencies and financial institutions.
 
http://www.thrivemovement.com/banking-history-timeline-follow-money

First Bank of the United States established - George Washington 1st President 1789-1797

After the founding of the government under the Constitution, Alexander Hamilton, Secretary of the Treasury, recommended the establishment of a Bank of the United States.  He argued that such a bank would increase the currency by issuing notes for circulation.   It would also make it easier for the government to obtain loans, and would enable the people to pay their taxes.

After considerable debate, Congress voted to establish First Bank of America , with a capital stock of $10,000,000, one fifth of which was subscribed by the government;  the remainder was subscribed by the public.

The bank was permitted to issue notes which were to be receivable for payments due the United States.

First Bank of the United States opened at Philadelphia in December, 1791, and subsequently established eight branches.  The bank had a charter for twenty years, which expired in 1811, and was not renewed because of the opposition to it which developed on the part of a  large number of state banks.

The Bank of the United States was also unpopular because much of its stock was held in foreign countries.

1792

1792-Starting the Exchange
Long before computers, industrial averages, or opening bells, New York City stockbrokers were changing the way the world does business. Twenty-four gathered under a buttonwood tree just steps from what is now BNY Mellon headquarters to sign a document that would soon lead to the formation of the New York Stock Exchange. 
https://www.bnymellon.com/us/en/timeline.jsp

1792
Starting the Exchange

Long before computers, industrial averages, or opening bells, New York City stockbrokers were changing the way the world does business. Twenty-four gathered under a buttonwood tree just steps from what was BNY Mellon's original headquarters to sign a document that would soon lead to the formation of the New York Stock Exchange.
https://www.bnymellon.com/us/en/about-us/history.html

1792-Trading Up
The New York Stock Exchange opens. The Bank of New York is the first company traded. 
https://www.bnymellon.com/us/en/timeline.jsp
 

Stock Exchange

1799

 JPMorgan Chase & Co. is one of the oldest, largest and best-known financial institutions in the world. The firm's legacy dates back to 1799 when its earliest predecessor was chartered in New York City.

Our firm is built on the foundation of more than 1200 predecessor institutions. Its major heritage firms — J.P. Morgan, Chase Manhattan, Chemical, Manufacturers Hanover (in New York City) and Bank One, First Chicago, and National Bank of Detroit (in the Midwest) were each closely tied, in their time, to innovations in finance and the growth of the United States and global economies. As JPMorgan Chase & Co does today, these firms also made significant contributions to their local communities.           http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history

The Manhattan Company, J.P. Morgan's  earliest predecessor institution, is chartered. https://www.jpmorgan.com/pages/company-history

1799: The Manhattan Company, the firm’s earliest predecessor institution, is chartered.  https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history


1799- Yellow Fever breaks out in Manhattan. The Bank of New York and many other downtown businesses move to the then independent Greenwich Village.
https://www.bnymellon.com/us/en/timeline.jsp

NOTE:The Manhattan Company was a New York bank and holding company established in 1799. The company merged with Chase National Bank in 1955 to form the Chase Manhattan Bank. It is the earliest of the predecessor institutions that eventually formed the current JPMorgan Chase & Co.

1800

-There were only twenty-eight  banks in 1800.

-The capital moved from Philadelphia to Washington.

1801

  NEW  London Stock Exchange
Founded: March 3, 1801
Owner: London Stock Exchange Group
Subsidiaries: Hafren Dyfrdwy, Divex, Evraz Oregon Steel Mills

London Stock Exchange Group was created in October 2007 when London Stock Exchange merged with Milan Stock Exchange, Borsa Italiana. http://www.lseg.com/about-london-stock-exchange-group/london-stock-exchange-group-board
 

 

1804 

1804- First in Finance
The Bank of New York becomes depositary for what is believed to be the nation's first trust, established to provide for Alexander Hamilton's family after his death.
https://www.bnymellon.com/us/en/timeline.jsp

 

1811

There were eighty-eight  banks, with a capital stock of $42,600,000.

 

1812

Citi's origins date back to 1812, when the financial institution was established as the bank of New York City. Flexible and solution-oriented, constantly investing in innovative ideas, Citibank became in 1894 the largest bank in the United States, so that, in 1902, it already had branches in Asia. https://dq3l6ltyfpioeory66fd666bcy-jj2cvlaia66be-www-citibank-com.translate.goog/icg/sa/emea/romania/romanian/about-us.html

  NEW  citi timeline

 

1813

1813-The Bank of New York establishes a relationship with Baring Brothers, a British banking house. When Baring later made a substantial loan to the Bank in 1822, successful repayments improved the Bank’s financial position and set the stage for strong international ties. https://www.bnymellon.com/us/en/timeline.jsp

 
1815

The number of state banks increased from 88 to 246.

Many of these banks were organized without proper restriction and therefore issued notes beyond their power to redeem.  The loose credit system of selling public lands in the West led to inflation.   Disorder followed because many of the banks were  not properly supervised.

During the period from 1814 to 1817,the government received for the sale of its land worthless banknotes which amounted to more than $4,000,000

1816

1816 – The Privately Owned Second Bank of the US was Chartered – It Served as the Main Depository for Government Revenue, Making it a Highly Profitable Bank http://www.thrivemovement.com/banking-history-timeline-follow-money

Second Bank of the United States is chartered -James Madison was 4th President 1809-1817

The charter for the first Bank of the United States had not been renewed by Congress when it ran out, and a second Bank of the United States had been chartered in 1816. Toward the end of Jackson's first term a bill was passed by Congress to renew the charter of this second bank.

President Jackson, in keeping with his frontier upbringing , disliked the bank.  He was afraid, as were many of the common people, that it was operated for the benefit of the moneyed classes.  Because of his personal feelings,  he vetoed the bill of Congress to extend its license...

After he was elected for the second term, Jackson ordered the Secretary of the Treasury to withdraw all United States funds from the national bank and to place them in various state banks. [source: History of Our United States, Second Edition, page 285]

1817

The South Carolina National Bank of Charleston is one of the most important buildings on Broad Street, South Carolina's oldest commercial street. It has been in continuous use as a bank since it was constructed in 1817. In the early 19th century, Charleston ranked highly enough as a commercial center to have a branch of the Second Bank of the United States, whose charter was drawn up by John C. Calhoun, the State's preeminent statesman.

This financial institution was the second attempt at a national bank; The First Bank of the United States had also established a branch in Charleston, now City Hall.

This Second Bank branch, that of Discount and Deposit, was the only bank in the city equipped to handle the international transactions so crucial to the rice trade, a mainstay of the Lowcountry economy. http://www.nps.gov/nr/travel/charleston/sbc.htm

1818

Brown Brothers Harriman was established in Philadelphia,
Pennsylvania in 1818. Through strategic investments and innovative business decisions, we have transitioned from leaders in merchant banking and transatlantic trade to an integrated worldwide financial services firm. We honor our past and we try to learn from it. But, in the day-to-day management of our business, we try to exercise enlightened opportunism. Because we are not beholden to stockholders, we try to take the long view and do what is best for our clients and the Partnership.
https://www.bbh.com/wps/portal/ourfirm/history

1819

Stockton and Darlington Railway funded by Barclays   http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
 

  1824

The Chemical Bank is established.  https://www.jpmorgan.com/pages/company-history

1824: The Chemical Bank is established.  https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history

 

1828

 

1832

1832 – Andrew Jackson Campaigns Against the 2nd Bank of the US and Vetoes Bank Charter Renewal

Andrew Jackson was skeptical of the central banking system and believed it gave too few men too much power and caused inflation. He was also a proponent of gold and silver and an outspoken opponent of the 2nd National Bank. The Charter expired in 1836.
http://www.thrivemovement.com/banking-history-timeline-follow-money

1833

1833 – President Jackson Issues Executive Order to Stop Depositing Government Funds Into Bank of US
By September 1833, government funds were being deposited into state chartered banks.  
http://www.thrivemovement.com/banking-history-timeline-follow-money

Jan 30, 1835 – Jackson Escapes Assassination
Assassin misfired twice. 
http://www.thrivemovement.com/banking-history-timeline-follow-money

1833-1837 – Manufactured “boom” created by central bankers – money supply Increases 84%, Spurred by the 2nd Bank of the US       The total money supply rose from $150 million to $267 million.[1]  
http://www.thrivemovement.com/banking-history-timeline-follow-money
 

1836

The newly chartered Bank of Charleston purchased the South Carolina National Bank of Charleston building on Broad Street, South Carolina's oldest commercial street  building in 1836, shortly after the Second Bank failed following the withdrawl of all government deposits by President Andrew Jackson.  http://www.nps.gov/nr/travel/charleston/sbc.htm

1837

George Peabody, a Massachusetts’s trader, set up a banking house - George Peabody & Co. - in London in 1837.

1837-1843 – Terrible Depression      343 of the 850 banks in the US closed entirely as largest banks consolidated wealth and power.[2]   http://www.thrivemovement.com/banking-history-timeline-follow-money

 

1848

Gold discovered in California, January 18.

By 1848 the Bank of Charleston became a regional power with affiliates in Georgia, Alabama, Florida, and Louisiana. The bank managed to survive financially during the Civil War and Reconstruction, despite a $1.5 million loan to the Confederacy. http://www.nps.gov/nr/travel/charleston/sbc.htm

 The Waterbury Bank opens, a predecessor of the Chase Manhattan Bank. https://www.jpmorgan.com/pages/company-history  

1848: The Waterbury Bank opens, a predecessor of the Chase Manhattan Bank.  https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history

1849

Salmon Portland Chase AKA Salmon P. Chase, (nephew of Dudley Chase, cousin of Dudley Chase Denison, and father-in-law of William Sprague [1830-1915])elected to the United States Senate as a Free Soil candidate and served from March 4, 1849, to March 3, 1855; http://bioguide.congress.gov/scripts/biodisplay.pl?index=C000332

1852 

Pittsburgh National Bank – the largest subsidiary of Pittsburgh National Corporation – originated in 1852 as the Pittsburgh Trust and Savings Company. James E. Laughlin, the founding partner of Jones & Laughlin, served as chair of the newly-formed bank.
https://www.pnc.com/en/about-pnc/company-profile/legacy-project/corporate-history.html

Augustus Savin Chase, became Waterbury Bank‘s Cashier in 1852 and President in 1865, controlled it until his death in 1896. http://historicbuildingsct.com/?p=6906

1853

NEW    1853-04-12 Institution established: Original name:United States Trust Company of New York
1995-08-24 Acquired J. & W. Seligman Trust Company (91258) in NEW YORK CITY, NY
1995-09-02 Merged into and subsequently operated as part of The Chase Manhattan Bank (National Association) (624) in NEW YORK CITY, NY
1996-06-15 Acquired The Chase Manhattan Bank of New Jersey, National Association (33995) in NEW YORK CITY, NY
1996-07-14 Changed name to The Chase Manhattan Bank (628)
1996-07-14 Merged into and subsequently operated as part of The Chase Manhattan Bank (628) in NEW YORK CITY, NY
1996-12-01 Acquired The Chase Manhattan Bank, National Association (23686) in MORRISTOWN, NJ
1998-10-01 Acquired Morgan Stanley Trust Company (27272) in NEW YORK CITY, NY
1999-03-05 Acquired Texas Commerce Trust Company of New York (91273) in NEW YORK CITY, NY
2000-08-01 Acquired Chase Bank of Texas, National Association (3263) in HOUSTON, TX
2001-08-01 Acquired Chase Bank of Texas-San Angelo, National Association (5508) in SAN ANGELO, TX
2001-11-10 Changed name to JPMorgan Chase Bank (628)
2001-11-10 Acquired Morgan Guaranty Trust Company of New York (637) in NEW YORK CITY, NY
2004-11-13 Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2004-11-13 Changed primary regulatory agency from FEDERAL RESERVE BOARD to COMPTROLLER OF THE CURRENCY
2004-11-13 Changed name to JPMorgan Chase Bank, National Association (628)
2004-11-13 Moved bank headquarters from NEW YORK CITY, NY to COLUMBUS, OH
2004-11-13 Acquired Bank One, National Association (3618) in CHICAGO, IL
2004-11-13 Acquired Bank One, National Association (6559) in COLUMBUS, OH
2006-10-20 Acquired Bank One Trust Company, National Association (21377) in COLUMBUS, OH
2008-08-16 Acquired J. P. Morgan Trust Company, National Association (34696) in LOS ANGELES, CA
2008-09-25 Acquired Washington Mutual Bank (32633) in HENDERSON, NV as part of a government assisted transaction.
2008-09-25 Acquired Washington Mutual Bank FSB (33891) in PARK CITY, UT
2011-05-01 Reorganized.
2011-06-01 Reorganized.
2011-10-01 Reorganized.
2011-10-14 Acquired Custodial Trust Company (25809) in JERSEY CITY, NJ
2015-08-31 Acquired JPMorgan Bank and Trust Company, National Association (58729) in SAN FRANCISCO, CA
2019-05-18 Acquired Chase Bank USA, National Association (23702) in WILMINGTON, DE
https://www.usbanklocations.com/united-states-trust-company-of-new-york-646.shtml

U.S. Trust becomes the first company in the nation to transact the business of a trust institution.   http://www.ustrust.com/ust/pages/about-us.aspx

Our History and Heritage

At U.S. Trust, we have a long and rich history of helping clients achieve their own unique objectives. Since 1853, we've been committed to listening, building long-term relationships, and helping individuals and their families realize the opportunities they create for themselves, their children, businesses, communities and future generations.

A few of our milestones include:
◦1853: U.S. Trust becomes the first company in the nation to transact the business of a trust institution.
◦1880: U.S. Trust serves as Corporate Trustee for the Panama Canal
◦1906: Bank of Italy, today known as Bank of America, provides loans to citizens of San Francisco to rebuild after the earthquake.
◦1998: NationsBank acquires BankAmerica Corp to create the first coast-to-coast retail banking franchise - Bank of America
◦2007: Bank of America acquires U.S. Trust

http://www.ustrust.com/ust/pages/about-us.aspx

Established in 1853 by the nation’s leading banks, The Clearing House originally functioned as the de facto central bank for banks in the United States long before the Federal Reserve was formed—facilitating exchanges, setting monetary policy, issuing a form of currency and even storing vaults of gold to back settlements.

---The Clearing House Association is a New York–headquartered trade group with a deep legacy and tradition. Formed in 1853, it is the nation’s first banking association that today advocates on regulatory, legislative, and legal public policy issues on behalf of the largest U.S. commercial banks before policymakers, courts of law, and standards setters in the United States and abroad.

Banks that own The Clearing House Association:

Comerica
Citibank
Capital one
BNY Mellon
BB&T
Citizens Bank
PNC BANK
M&T Bank
Key Bank
JP Morgan Chase & co.
Wells Fargo
USbank
MUFG
UBS
Bank Financial Group
SunTrust
HSBC
Barclays
State Street
Fifth Third Bank
Bank of the West
Bank of America
Deutsche Bank
Santander

https://www.theclearinghouse.org/about-tch/tch-owner-banks

1854

1854: Junius Spencer Morgan, J. Pierpont Morgan’s father, partners with George Peabody in the English banking house of George Peabody & Co. He succeeds Peabody as head of the firm and changes its name to J.S. Morgan & Co. https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history


1856

1856 – Foundation
On July 16, 1856, the Schweizerische Kreditanstalt (SKA) founded by Alfred Escher, the predecessor to today's Credit Suisse, opens for business. Alfred Escher heads the SKA as the first Chairman of the Board of Directors from 1856-1877 and from 1880-1882.
  https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

1858

Discovery of silver in Nevada.

1859

1859- NEW YORK COMMUNITY BANK COMPANY
Established on April 14, 1859 in the village of Flushing, Queens County Savings Bank was the first savings bank chartered by the State of New York in the New York City borough of Queens. https://www.zippia.com/new-york-community-bancorp-careers-8127/history/   NEW

NEW  1859- The Company [AXA]was incorporated as a stock life insurance company under the laws of New York on July 26, 1859 under the name of Equitable Life Assurance Society of the United States. The Company was licensed on July 25, 1859 and commenced business on July 28, 1859. In 1917, the Company commenced the process to become a mutual life insurance company. The Company completed its conversion to a mutual company in 1925.

On July 22, 1992, the Company demutualized and converted back to a stock life insurance company and became a wholly-owned subsidiary of The Equitable Companies Incorporated (“EQ”). In connection with the demutualization, the Company’s eligible policyholders received cash, policy credits or common stock of EQ. At demutualization on July 22, 1992, AXA, a French holding company for an international group of insurance and related financial services companies, became the owner of 49% of EQ’s common shares outstanding as well as the owner of convertible preferred stock in exchange for a $1 billion investment.

On December 19, 1994, EQ exchanged all its outstanding redeemable preferred stock and substantially all of its convertible preferred stock for common stock, a new series of convertible preferred stock and convertible debentures. As a result, AXA’s ownership percentage of EQ as of December 31, 1995 increased to 60.6%.

On September 3, 1999, EQ changed its name to AXA Financial, Inc. (“AXA Financial”).

In 1999, AXA Client Solutions, LLC (“Client Solutions”) was formed as a wholly-owned direct subsidiary of AXA Financial. At the same time, AXA Financial contributed to Client Solutions all of the Company’s common stock, making Client Solutions the direct parent of the Company.

On August 30, 2000, AXA Financial received a proposal from AXA for the acquisition of all of the outstanding common shares of AXA Financial not owned by AXA.

 On January 2, 2001, AXA completed its acquisition of the remaining minority interest in AXA Financial.

On January 1, 2002, Client Solutions distributed all of the Company’s common stock to AXA Financial, thereby making AXA Financial the direct parent of the Company.

On April 22, 2002, Client Solutions changed its name to AXA Financial Services, LLC.

Effective June 1, 2002, AXA Financial transferred ownership of the Company back to AXA Financial Services, LLC thereby making it once again the direct parent of the Company.

Effective September 7, 2004 the Company, formerly known as Equitable Life Assurance Society of the United States, changed its name to AXA Equitable Life Insurance Company.

Effective November 7, 2007 AXA Financial Services, LLC changed its name to AXA Equitable Financial Services, LLC.

The Company is licensed to do business in all fifty states, the District of Columbia and Puerto Rico.

According to the Schedule T of their 2016 annual statement for the State of Delaware, AXA Equitable Life Insurance Company reported life insurance premium considerations in the amount of $33,864,135, and annuity premium considerations in the amount of $36,405,535.

[December 31, 2016-The examination conducted by Shelly Schuman, Joseph Krug, Peter Salvatore and Brian Tinsley is respectfully submitted.
__________________________________
Brian Tinsley, MCM
Examiner-in-Charge
Market Conduct
Delaware Department of Insurance​

---New York Community Bank  was chartered by the State of New York in Queens, a borough of New York City.  https://www.mynycb.com/Pages/AboutUs.aspx 

---Queens County Savings Bank​ -Established on April 14, 1859 in the village of Flushing, Queens County Savings Bank - the forebear of New York Community Bank - was the first savings bank chartered by the State of New York in the New York City borough of Queens.  https://www.mynycb.com/Pages/AboutUs.aspx

---Colonel E.L. Drake sinks an oil well in western Pennsylvania. A few years before  that, a professor of chemistry at Yale University had analyzed oil and had come to the conclusion that by very simple and inexpensive processes many valuable products could be manufactured from it.

1860

 

1861

  With President Abraham Lincoln dead who besides the bankers gained!? I do believe that those manipulating  the economy today are connected with those who manipulated the American people at the time that President Lincoln was murdered.  jt

On January 1, 1861, Cooke formed his own banking firm. To begin the work of Jay Cooke & Company, he borrowed three million dollars from the government of Pennsylvania. The company prospered as it acquired money for the federal government to finance Northern efforts during the American Civil War. Cooke helped develop a sound fiscal policy that provided the government with the necessary capital to win the war. He negotiated loans for the government and handled the sale of government bonds. By the end of the Civil War, Cooke had secured more than three billion dollars for the federal government through various loans. Because of his contributions, Cooke became known as the "financier of the Civil War." The nation emerged from the war deeply in debt, but the currency of the United States was stable. U.S. citizens and residents of foreign countries viewed United States bonds as fiscally responsible investments. During the war, Cooke also served as a financial adviser to the State of Ohio and helped the state's wartime governors develop sound fiscal policies, most notably the issuing of state bonds.

Following the war, Cooke utilized the wealth that he acquired during the conflict to become involved in a number of other industries, including coal and iron mining, life insurance, and railroads. Cooke played a major role in financing the efforts of the Northern Pacific Company to build a transcontinental railroad. Cooke and his company became financially overextended, and his company failed at the beginning of the Panic of 1873. Cooke lost nearly all of his entire fortune. He regained his wealth through various investments during the late 1800s. Jay Cooke died on February 16, 1905. https://ohiohistorycentral.org/w/Jay_Cooke

Secession of Mississippi (January9), Florida (January 10),Alabama (January11), Georgia (January 19), Louisiana (January 26), Texas (February 1). Kansas admitted into the Union, January 29.

Southern Confederacy founded at Montgomery, Alabama, February 4; Jefferson Davis chosen as President.

Abraham Lincoln inaugurated, March 4.

Secession of Virginia (April17), Arkansas (May 6), North Carolina (May 21), and Tennessee (June 8).

Salmon Portland Chase AKA Salmon P. Chase was appointed secretary of the treasury by President Abraham Lincoln. He took office on March 7, 1861. The United States now is divided into two countries: The Confederate States of America, with Jefferson Davis as president; The United States of America, with Abraham Lincoln as president. The Union was in need of revenue as the two countries were headed into war..

Chase implemented a unified nationwide banking system with the National Banking Act, and devised the idea of utilizing paper currency to function as war notes. The "greenback" bills, which came in various denominations, became the basis for the federal paper money system that Americans use today. In order to collect taxes to finance the government's war effort, he also established the Bureau of Internal Revenue, which later became known as the Internal Revenue Service.

--As Treasury Secretary from 1861 to 1864, Salmon Chase raised the $500 million needed to finance the Civil War after striving hard to prevent it’s having to be fought at all. To accomplish this, he sold war bonds with the help of early investment bankers Jay Cooke & Co.

Chase also was the father of our modern paper currency as he created the first "greenback" demand note in 1861. We won’t hold the fact that his own face appeared on many of these notes against him. Chase is said to have personally made the decision to have "In God We Trust" added to the bills as well. 
http://www.philstockworld.com/tag/10000-bill/ 

NEW  "Smith Barney traces its origins back to Philadelphia where Jay Cooke (created the bond sales force) to help finance the Union cause in the Civil War. They were primarily an institutional firm unitl the 1976 merger with Harris Upham. It was a fine, high quality firm with wonderful roots right here.                                                                                                                        https://www.inquirer.com/philly/blogs/inq-phillydeals/Citi_sells_Smith_Barney_old_Philly_name_seeks_subprime_exit.html

The Revenue Act of 1861, the first United States Federal Income Tax, was passed August 5th 1861.

The Revenue Act of 1861 was the first Federal Income Tax law. It was passed as a means to fund the Civil War. It stated that an income tax was to be “levied, collected, and paid, upon the annual income of every person residing in the United States, whether such income is derived from any kind of property, or from any profession, trade, employment, or vocation carried on in the Unite States or elsewhere, or from any other source.” Any income over $800 was taxed at 3%, unless the person was living outside of the United States in which case they were taxed at 5%.

This flat rate tax was repealed in 1862 and replaced by a progressive tax. This replacement the “Revenue Act of 1862” was also meant to be temporary, expiring in 1866.
Posted by LivingInVermont at 5:55 AM
Labels: Income Tax, Revenue Act of 1861

http://lifeofthecivilwar.blogspot.com/2011/08/beginning-of-irs.html

NEW Only one direct tax to be laid under act 1861,ch.45,until April 1, 1865. Ante,p.294.
https://www.loc.gov/law/help/statutes-at-large/37th-congress/session-2/c37s2ch119.pdf

1861 – American Civil War  http://www.thrivemovement.com/banking-history-timeline-follow-money

1862-1863 Lincoln Over Rules Debt-Based Money and Issues Greenbacks to Fund the War
http://www.thrivemovement.com/banking-history-timeline-follow-money

Bankers would only lend the government money under certain conditions and at high interest rates, so Lincoln issued his own currency – “greenbacks” – through the US Treasury, and made them legal tender. His soldiers went on to win the war, followed by great economic expansion.
http://www.thrivemovement.com/banking-history-timeline-follow-money

 

1862

---The oil industry was developed largely by John D. Rockefeller, who in 1862 invested his first earnings in the oil refining business.

--- In order to further finance the war, the Bureau of Engraving and Printing was established in 1862 to print the Government's first currency, known as greenback because of its color. These were legal tender notes not backed by specie. Chase disapproved in principle of the legal tender notes; with no requirement for specie backing they could be printed in unlimited quantities and were therefore inflationary. He recognized their necessity in a time of emergency, but later, as Chief Justice of the Supreme Court, he would declare the notes unconstitutional. http://www.treasury.gov/about/history/Pages/spchase.aspx

NEW Transcript of Pacific Railway Act 1862

1863

Jan. 1, 1863-Slavery abolished in the states in rebellion by the Emancipation Proclamation of President Abraham Lincoln

NEW National Bank Act 1863- http://numismatics.org/pocketchange/wp-content/uploads/sites/3/national-bank-act-1863.pdf

This is where the American people started getting robbed

The story of the Office of the Comptroller of the Currency and the national banking system begins in 1863, when the National Currency Act was passed by Congress and signed into law by President Abraham Lincoln.  https://www.occ.gov/about/who-we-are/history/1866-1913/index-occ-history-1866-1913.html

National bank system established. http://numismatics.org/pocketchange/wp-content/uploads/sites/3/national-bank-act-1863.pdf

U.S. Bank   
Concentration: All Other Specialization > 1 Billion
Established: 1863-07-13
FDIC Insurance: 1934-01-01
Holden By: U.S. Bancorp
Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) 
http://www.usbanklocations.com/u-s-bank-u-s-bank-national-association.html

"Four score and seven years ago our fathers brought forth on this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal.

Now we are engaged in a great civil war, testing whether that nation, or any nation so conceived and so dedicated, can long endure. We are met on a great battle-field of that war. We have come to dedicate a portion of that field, as a final resting place for those who here gave their lives that that nation might live. It is altogether fitting and proper that we should do this.

But, in a larger sense, we can not dedicate -- we can not consecrate -- we can not hallow -- this ground. The brave men, living and dead, who struggled here, have consecrated it, far above our poor power to add or detract. The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us -- that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion -- that we here highly resolve that these dead shall not have died in vain -- that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth." -
Abraham Lincoln   November 19, 1863  http://www.abrahamlincolnonline.org/lincoln/speeches/gettysburg.htm

1863-Hamlin Bank and Trust Company was founded in December 1863 and is based in Smethport, Pennsylvania. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Hamlin Bank and Trust Company is classified as a commercial bank, state charter and Fed nonmember, supervised by the FDIC.         https://www.bankbranchlocator.com/hamlin-bank-and-trust-company/   NEW

1864

 NEW  Tri-Continental Corporation is one of the nation’s largest, diversified, publicly traded closed-end equity investment companies and has paid dividends for 63 consecutive years. The Fund is managed by J. & W. Seligman & Co. Incorporated, a New York-based investment manager and advisor, which was founded in 1864. Seligman Advisors, Inc. is the principal underwriter of the Seligman mutual funds. https://www.sec.gov/Archives/edgar/data/99614/000119312507076186/ddefa14a.htm

 

1865

April 15, 1865 – Lincoln Assassinated  http://www.thrivemovement.com/banking-history-timeline-follow-money

HSBC was founded by Thomas Sutherland, a young Scotsman working in Hong Kong for a large shipping firm. He had never held a bank account himself, but while sailing along the South China coast in 1864, he read an article on Scottish banking that inspired him. Local and foreign trade in Hong Kong and at ports in China and Japan had increased rapidly in the preceding few years, and Sutherland recognised that businesses needed better local banking facilities.

Sutherland decided to set up a bank that would be owned and managed locally and would support international trade. So the dynamic Scot created a prospectus and used his standing and connections in the Hong Kong business community to gain support for the venture. By the time the prospectus was published, Sutherland had the backing of 14 of the biggest firms operating in Hong Kong. The founding capital was HKD5 million, consisting of 20,000 shares at HKD250 each. The shares sold quickly and The Hongkong and Shanghai Banking Corporation Limited was born.

1865- The first branch
HSBC opened its doors in Hong Kong on 3 March 1865 and in Shanghai a month later. Its first office was in Wardley House (pictured above) at 1 Queen’s Road in the City of Victoria, the heart of Hong Kong’s Central district. The bank has built a series of head offices on the site since and 1 Queen’s Road Central remains the bank’s Hong Kong headquarters today. In July 1865, the bank opened an office in London to enable exchange operations with China and India and to help it recruit and train junior bankers. https://www.hsbc.com/who-we-are/our-history/history-timeline

NEW Only one direct tax to be laid under act 1861,ch.45,until April 1, 1865. Ante,p.294.

States of America in Congress assembled, That Walter S. Burgess, William P. Blodget, Benjamin H. Cheever, Charles Fosdick Fletcher, Corporators. of Rhode Island;

Augustus Brewster, Henry P. Haven, Cornelius S. Bushnell, Henry Hammond, of Connecticut;

Isaac Sherman, Dean Richmond, Royal Phelps, William H. Ferry, Henry A. Paddock, Lewis J. Stancliff, Charles A. Secor, Samuel R. Campbell, Alfred E. Tilton, John Anderson, Azariah Boody, John S. Kennedy, H. Carver, Joseph Field, Benjamin F. Camp, Orville W. Childs, Alexander J. Bergen, Ben. Holliday, D. N. Barney, S. De Witt Bloodgood, William H. Grant, Thomas W. Olcott, Samuel B. Ruggles, James B. Wilson, of New York;

Ephraim Marsh, Charles M. Harker, of New Jersey; John Edgar Thompson, Benjamin Haywood, Joseph H. Scranton, Joseph Harrison, George W. Cass, John H. Bryant, Daniel J. Morell, Thomas M. Howe, William F. Johnson, Robert Finney, John A. Green, E. R. Myre, Charles F. Wells, junior, of Pennsylvania;

Noah L. Wilson, Amasa Stone, William H. Clement, S. S. L'Hommedieu, John Brough, William Dennison, Jacob Blickinsderfer, of Ohio;

William M. McPherson, R. W. Wells, Willard P. Hall, Armstrong Beatty, John Corby, of Missouri; S. J. Hensley, Peter
Donahue, C. P. Huntington, T. D. Judah, James Bailey, James T. Ryan, Charles Hosmer, Charles Marsh, D. O. Mills, Samuel Bell, Louis
McLane, George W. Mowe, Charles McLaughlin, Timothy Dame, John R. Robinson, of California;

John Atchison and John D. Winters, of the Territory of Nevada;

John D. Campbell, R. N. Rice, Charles A. Trowbridge, and Ransom Gardner, Charles W. Penny, Charles T. Gorham, William McConnell, of Michigan;

William F. Coolbaugh, Lucius H.Langworthy, Hugh T. Reid, Hoyt Sherman, Lyman Cook, Samuel R. Curtis, Lewis A. Thomas, Platt Smith, of Iowa;

William B. Ogden, Charles G. Hammond, Henry Farnum, Amos C. Babcock, W. Seldon Gale, Nehemiah Bushnell and Lorenzo Bull, of Illinois;

William H. Swift, Samuel T. Dana, John Bertram, Franklin S. Stevens, Edward R. Tinker, of Massachusetts - Franklin Gorin, Laban J. Bradford, and John T. Levis, of Kentucky;

James Dunning, John M. Wood, Edwin Noyes, Joseph Eaton, of Maine; Henry H. Baxter, George W. Collamer, Henry Keyes, Thomas H. Canfield, of Vermont; William S. Ladd, A. M. Berry,
VOL. xI. PUB.-62
https://www.loc.gov/law/help/statutes-at-large/37th-congress/session-2/c37s2ch119.pdf

Kidder was founded in Boston on April 1, 1865, by Henry Kidder, Francis Peabody and Oliver Peabody. When the firm first opened, it advertised "banking, brokerage and exchange business." - See more at: http://wallstreetlaw.typepad.com/sherman/kidder-peabody-collapse/#sthash.VQRfk0wa.dpuf

Kidder, Peabody & Co. was an American securities firm, established in Massachusetts in 1865. The company's operations included investment banking, brokerage, and trading.

The firm was sold to General Electric in 1986. Following heavy losses, it was subsequently sold to PaineWebber in 1994. After the acquisition by PaineWebber, the Kidder Peabody name was dropped, ending the firm's 130-year presence on Wall Street.[1] Most of what was once Kidder, Peabody is now part of UBS AG, which acquired PaineWebber in November 2000.[2]https://en.wikipedia.org/wiki/Kidder,_Peabody_%26_Co.

 Kidder Faces Life After Siegel

1865- President Lincoln shot by an assassin, April 14; dies a few hours later.

1865- Andrew Johnson inaugurated President, April 15.

1865- Rockefeller organized the firm of Rockefeller and Andrews.  Very early John D. Rockefeller saw the advantage of large-scale operations and, together with H. M. Flagler, worked to secure more effective consolidation.

1865- ITU was founded in Paris in 1865 as the International Telegraph Union. It took its present name in 1932, and in 1947 became a specialized agency of the United Nations. Although its first area of expertise was the telegraph, the work of ITU now covers the whole ICT sector, from digital broadcasting to the Internet, and from mobile technologies to 3D TV. An organization of public-private partnership since its inception, ITU currently has a membership of 193 countries and some 700 private-sector entities. ITU is headquartered in Geneva, Switzerland, and has twelve regional and area offices around the world.
History of ITU Portal: Explore some highlights and documents from ITU's illustrious history. https://www.itu.int/en/about/Pages/history.aspx

Dec. 18, 1865- Slavery in any state or territory forbidden by Amendment XIII [13] to the United States Constitution.

1866

NEW The Madison, Indianapolis and Lafayette Railroad Company was chartered in 1832, only completing engineering surveys. It then became the the Madison and Indianapolis Railroad, the first in Indiana,incorporated in 1836, when Indiana legislators mandated it as part of the Internal Improvement Act.

Construction began in Madison, Indiana and was completed to Indianapolis in 1847. Its importance was in linking the Ohio River to the interior of the state, including the state capitol. Initially owned by the state, it was later sold and had to compete with other railroads.

In January 1854 it consolidated with the Peru and Indianapolis Railroad Company but a court injunction terminated the merged in September 1854. Reorganized from bankruptcy in 1866 as the Indianapolis and Madison Railroad, which then merged with the Jeffersonville Railroad on April 30, 1866, becoming the Jeffersonville, Madison and Indianapolis Railroad Company. The line then became part of the Pennsylvania Railroad system in 1869. https://www.in.gov/library/finding-aid/L204_Jeffersonville_Madison_and_Indianapolis_Railroad_Collection.pdf

1866 – UNION SAVINGS BANK IS FOUNDED
Union Savings Bank was founded in 1866 by a group of Danbury’s leading citizens including James S. Taylor, the Bank’s first President. James was a descendant of Thomas Taylor, patriarch of one of the eight original families that founded Danbury.

1867

1868

ITU based in Switzerland
The 1868 International Telegraph Conference, in Vienna, decided that ITU would operate from its own bureau in Berne, Switzerland. It began with just three members of staff.

In 1948, the headquarter​​s of ITU were moved from Berne to Geneva.

https://www.itu.int/en/history/Pages/ITUsHistory.aspx

 

Check for the Purchase of Alaska  [click thumbnail]
 

Cancelled check in the amount of $7.2 million, for the purchase of Alaska, issued August 1, 1868; Records of the Accounting Officers of the Department of the Treasury; Record Group 217; National Archives.

With this check, the United States purchased Alaska from Russia for $7.2 million. For less than 2 cents an acre, the United States acquired nearly 600,000 square miles
http://www.archives.gov/historical-docs/document.html?doc=10&title.raw=Check%20for%20the%20Purchase%20of%20Alaska

Bought from Russia by US Government in 1867 for 2 cents per acre ($7.3 million). The US military are a major landowner, with around 2 million acres, and are responsible for about 18,000 jobs in Alaska. The main industry is oil, which produces state revenues of over $2 billion pa, from about 15.7 million acres leased to American and British oil compaines. The US Government estimates that there are 15 million acres of agricultural land in Alaska, of which under 1 million acres are currently cultivated. There are five main groups of native people in Alaska, which takes its name from the Aleut word for ‘great land’: Alyeska. Many of the native peoples have Russian surnames from the period of Russian colonisation (c. 1690-1867). The main groups of native people are: the North coast indians, the Inupiaqs, the Yupiks, the Aleuts and the Athabascan Indians. http://www.whoownstheworld.com/about-the-book/alaska-usa/

NOTE: 

[Alaska's] main oil companies with the 15 million acres of leases are: Chevron, BP Exploration, Exxonmobil, Marathon, Phillips, Shell, totalFina and Unocal. http://www.whoownstheworld.com/about-the-book/alaska-usa/
 

1869

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. http://www.goldmansachs.com/who-we-are/at-a-glance/index.html

T. Mellon & Sons' Bank is established in 1869. When patriarch Thomas retires in 1882, his sons Andrew and Richard are there to take over the family business. In 1902, the name is changed to Mellon National Bank and joins the national banking system.
https://www.bnymellon.com/us/en/timeline.jsp
 

1870

1870 – First Representative Office
The first Credit Suisse foreign representative office is established in New York.
  https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html
 

---In 1870 Rockefeller organized the Standard Oil Company of Ohio, with a capital stock of $1,000,000. The company issued 10,000 shares,  at $100 each, which were held by Rockefeller, his brother William, and other associates.

To secure economy of operation and avoid wasteful competition, Rockefeller conceived a plan which he called "co-operation and conservation." He believed that under one leadership many industries could be combined, and the less economical ones eliminated. John D. Rockefeller thought that oil should be kept off the market at times of oversupply,  to stabilize prices.

1871

UNITED STATES is a Corporation - There are Two Constitutions - Sovereignty

The increasing political control of wealth was pointed out as early as 1871 by Henry Ward Beecher when he stated that "We are in more danger from overgrown pecuniary interests [that is, from organized money] than we ever were from slavery." He also said that the battle of the future " will be one of gold and silver." [The Development of America, by Fremont P.Wirth, Professor of History, George Peabody College for Teachers, Nashville, Tennessee, copyright 1936,1937,1938,1939,1940,1941,1942,1943,1944,1945,1946,1947,1948 ,page 428]

J. Pierpont Morgan and Philadelphia banker Anthony Drexel form a private merchant banking partnership in New York called Drexel, Morgan & Co. This is the earliest partnership that evolves into J.P. Morgan.  https://www.jpmorgan.com/pages/company-history

1872

 Third National Bank and Trust Company of Scranton  Established: April 15, 1872

1872: Deutsche Bank is represented in New York with a limited partner's holding of $ 500,000 in Knoblauch & Lichtenstein. https://www.db.com/usa/content/en/Chronicles.html

In 1872 Deutsche Bank sets up its business in the United States of America.  https://www.db.com/us/content/en/history.html

 

-In 1872, Alpheus Branch and Thomas Jefferson Hadley, private bankers, created Branch and Hadley.  http://bbt.mediaroom.com/index.php?s=22728

1873

1873: The Scottish American Investment Trust, a Robert Fleming & Co. predecessor firm, is formed. https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history

Salmon Chase died at the the age of 65 in 1873 and the Chase Manhattan Bank (now a part of JPMorgan Chase) was named in his honor.  http://www.philstockworld.com/tag/10000-bill/ 
 

1875

1875: Bankers Band Together
While walking down the street in St. Louis, Mo., bankers James Howenstein and Edward Breck notice a women’s suffrage meeting and decide that bankers, too, should band together. Howenstein corresponds with bankers across the country. In July of that year, 349 bankers from 31 states and the District of Columbia meet in Saratoga Springs, N.Y., to form the American Bankers Association. https://www.aba.com/about-us/our-story/aba-history/1850-1899

1875- Roslyn Savings Bank- Established in 1875, The Roslyn Savings Bank was the first financial institution to be headquartered in  Nassau County, New York. https://www.mynycb.com/Community/Pages/Foundations.aspx

1875- Dechert’s  forerunner, MacVeagh & Bispham, was established in Philadelphia in 1875 when Wayne MacVeagh and George Tucker Bispham joined forces.https://www.dechert.com/about/history.html
 

 1876

1876 – Paradeplatz
After a construction period of three years, SKA moves into the new building on Paradeplatz, which was designed by the famous architect Jakob Friedrich Wanner, on September 25, 1876.
  https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

1876-Dechert’s history is both long and impressive.
The firm’s forerunner, MacVeagh & Bispham, was established in Philadelphia in 1875 when Wayne MacVeagh and George Tucker Bispham joined forces.

MacVeagh, a Yale University graduate admitted to the bar following a law firm apprenticeship, brought to the partnership a distinguished record of public service, including experience as district attorney of Chester County, Pa.; infantry captain and major in the cavalry for the Union army during the Civil War; and a U.S. ambassadorship to Turkey. As a firm partner, he maintained an ambitious roster of outside activities, heading the commission that led to the resolution of the 1876 Hayes-Tilden presidential election dispute and briefly serving as President James Garfield’s attorney general. MacVeagh’s partner, Bispham, was a graduate of the…  https://www.dechert.com/about/history.html

1877

Chase National Bank was formed in 1877 by John Thompson. The Chase National Bank acquired a number of smaller banks in the 1920s, through its Chase Securities Corporation. In 1926, for instance, it acquired Mechanics and Metals National Bank. In 1955, Chase National Bank and The Manhattan Company merged to create Chase Manhattan Bank. http://finance.mapsofworld.com/banks/chase-bank.html

Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The Company's principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii.

1879

1879: The First Woman Bank President
Miriam Carson Williams becomes the first recorded female bank president, leading the State National Bank of Raleigh, N.C. https://www.aba.com/about-us/our-story/aba-history/1850-1899

 

1880

 

U.S. Trust serves as Corporate Trustee for the Panama Canal.  http://www.ustrust.com/ust/pages/about-us.aspx
 

1880: Foreign Banks Arrive in America -The first foreign bank branch—an office of the Hong Kong and Shanghai Banking Corporation, today HSBC—is licensed by New York state. https://www.aba.com/about-us/our-story/aba-history/1850-1899

1881

1881- President James Garfield, Staunch Proponent of “Honest Money” Backed by Gold and Silver, was Assassinated

Garfield opposed fiat currency (money that was not backed by any physical object) and was a strong advocate of a bi-metal monetary system. He had the second shortest Presidency in history.
http://www.thrivemovement.com/banking-history-timeline-follow-money
 

Nelson Aldrich of Rhode Island rose from the position of grocery clerk to become one of the most powerful senators of his era. Elected to the Senate in 1881, he chaired the Committee on Finance from 1898 to 1911, becoming an influential expert on the economy.

He sponsored the Aldrich-Vreeland Act which established the National Monetary Commission. His Aldrich Plan, providing for flexible cash reserves, was the forerunner of the Federal Reserve System.

Although Aldrich rarely spoke on the Senate floor, preferring the more casual atmosphere of the committee room, by the turn of the 20th century he became the leading figure in the Republican caucus and was one of the Senate Four, a powerful group of Republican senators who dominated the institution for a decade.

President Theodore Roosevelt referred to him as the “King Pin” of the Republican Party. Aldrich “did not bother with oratorical display,” wrote one historian, “but relied upon his charm, his commanding appearance, his superior mind, his ability to speak forthrightly, and his exceptional memory” to influence Senate action. Patriarch to a political family, Aldrich’s grandson, Nelson Rockefeller, became vice president and his great-grandson, Jay Rockefeller, became a U.S. senator.
http://www.senate.gov/artandhistory/history/common/generic/Featured_Bio_Aldrich.htm

1882

 When patriarch  [Thomas] Mellon retires in 1882, his sons Andrew and Richard are there to take over the family business [T. Mellon& Sons Bank]. https://www.bnymellon.com/us/en/timeline.jsp

1883

  Second National Bank Established: July 03, 1883

 1883: Deutsche Bank acquires a substantial holding in Northern Pacific Railroad Company.
   
https://www.db.com/usa/content/en/Chronicles.html

1894

1894: Pinkertons on the Case
ABA hires the nationally renowned Pinkerton National Detective Agency to keep track of professional criminals and forewarn members of their movements. Pinkerton distributes a “rogue’s gallery” album of portraits and descriptions to members. Between 1894 and 1898, ABA membership almost doubles to 3,350 as banks join to be under the protection of ABA. The Pinkerton Agency continues under contract to ABA until 1909. https://www.aba.com/about-us/our-story/aba-history/1850-1899

1885

Jekyll Island Club

 Jekyll Island Club  was incorporated on December 9, 1885. Members include  such famous names as Henry Hyde, Marshall Field, John Pierpont Morgan, Joseph Pulitzer,William K. Vanderbilt, and Nelson W. Aldrich .Later it will include  John D. Rockefeller (Standard Oil).

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The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a price-weighted measurement stock market index of 30 prominent companies listed on stock exchanges in the United States. Wikipedia
Exchanges: New York Stock Exchange; NASDAQ
Market cap: US$10.84 trillion; (as of July 30, 2021)
Constituents: 30
Trading symbol: ^DJI; $INDU.DJI; DJIA
Weighting method: Price-weighted index
Operator: S&P Dow Jones Indices
Foundation: February 16, 1885; 136 years ago (as DJA); May 26, 1896 (as DJIA)

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About Dow Jones & Company Dow Jones & Company
In addition to The Wall Street Journal and its international and online editions, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes Barron’s and the Far Eastern Economic Review, Dow Jones Newswires, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. The Wall Street Journal Online network of sites includes the Online Journal at WSJ.com, the world’s largest subscription news site, with 701,000 subscribers, MarketWatch.com and its licensing operations, Barron’s Online, CareerJournal.com, CollegeJournal.com, RealEstateJournal.com, StartUpJournal.com and OpinionJournal.com.
https://www.sec.gov/Archives/edgar/data/29924/000002992405000030/exhibit991.htm

1886

The Jekyll Island Club Hotel was originally built in 1886 as a hunting retreat for America's wealthy elite including J.P. Morgan, William Rockefeller, Joseph Pulitzer, as well as the Vanderbilts, Goulds and Astors.

Richmond County Savings Bank- A member of the NYCB Family of Banks since July 2001, Richmond County Savings Bank has been serving those who live and work on Staten Island since October 30, 1886. The Bank made its first home mortgage loan on March 4, 1887.  https://www.mynycb.com/Community/Pages/Foundations.aspx

1887

The Bank of Charleston become a Federal Depository.
http://www.nps.gov/nr/travel/charleston/sbc.htm

1887: Jarvis Conklin Mortgage & Trust Company, a predecessor firm, opens in London  https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history

 In 1887, Branch bought Hadley’s interest in the bank for $81,000 and changed its name to Branch and Company, Bankers.    http://bbt.mediaroom.com/index.php?s=22728

1888

In 1888 the Republican party declared itself in opposition to "combinations of capital,  organized as trusts or otherwise, " and the Democratic party platform said, " the interests of the people are betrayed when trusts and combinations are permitted to exist." [The Development of America,+Wirth, page 434]

1889

President Harrison, in his message of December, 1889, pointed out that trusts in the nature of conspiracies should be made a subject of study by Congress; and on July 2, 1890, Congress, under the authority given it by the interstate commerce clause of the Constitution, enacted the Sherman Antitrust Law.  By provisions of this law combinations and conspiracies" in restraint of trade or commerce among the several States, or with foreign nations," are declared illegal and punishable by fine or imprisonment. [The Development of America ,Wirth, page 434]

In 1889, the state of New Jersey passed a law legalizing holding companies by permitting them to incorporate in that state.  Many of the companies then changed their form and moved their home offices to New Jersey.[The Development of America ,Wirth, page 434]

 In 1889, Branch, his father-in-law Gen. Barnes, Hadley, J.F. Bruton, R.L. Thompson and Walter Brodie secured a charter from the North Carolina Legislature to operate the Wilson Banking and Trust Company (later amended to the State Bank of Wilson and later to The Branch Banking Company). However, the charter was not implemented until 1900.   http://bbt.mediaroom.com/index.php?s=22728

1890

Sherman Antitrust Act 1890

1890 – Leading Position
From the end of the 19th century, SKA plays a leading role in the Swiss underwriting and syndication business. It has the opportunity more often than the competition to be the key player in underwriting syndicates.   https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html 

1890: J. Pierpont Morgan becomes senior partner of J.S. Morgan & Co. in London.  https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history

By 1890 the House of Morgan was lending to Egypt’s central bank, financing Russian railroads, floating Brazilian provincial government bonds and funding Argentine public works projects. A recession in 1893 enhanced Morgan’s power. That year Morgan saved the US government from a bank panic, forming a syndicate to prop up government reserves with a shipment of $62 million worth of Rothschild gold. [7]  https://www.globalresearch.ca/the-federal-reserve-cartel-the-eight-families/25080

We have been doing business in Turkey since 1890, when we participated in several loans to the Turkish government and invested in industrial developments. Based in Istanbul, we offer services and products across investment banking, treasury services and investor services, all part of our corporate and investment bank business.
https://www.jpmorgan.com/TR/en/about-us


In 1900, Branch and Company, Bankers, was sold to Branch Banking and Company, holder of the state charter.
http://bbt.mediaroom.com/index.php?s=22728

1891

The state of Ohio brought suit against the Standard Oil Company, and the court decided, in 1882, that the act of incorporation was illegal in that state. A similar suit was brought against the Standard Oil Company in the state of New York.   Because of state and Federal laws against the trusts, the Standard Oil Trust was dissolved in 1892.

Many trusts and large corporations----often called "big business"---found it necessary to reorganize and to conform to law.   Combinations, however, did not cease to exist; they merely changed their form.   They obeyed the letter but not the spirit of the law.    In place of trusts, big businesses now became organized as holding companies. [page 434]

1892

1968 World Book Encyclopedia [G], page 83:

 

1892: Guaranty Trust (a predecessor firm) opens a representative office, mostly for correspondent banking. It becomes a full service branch in 1897.  https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history


Roachdale Bank & Trust Company opened for business on October 7, 1892, in Roachdale, Indiana. During the Great Depression of the 1930's, Roachdale Bank was closed only one day. On December 16, 1931, two men, armed with machine guns and sawed-off shotguns, blew the safe of the Roachdale Bank and escaped with $4,500 in currency and bonds. All of the glass was blown out of the front windows and furniture was torn and splintered. The damage was estimated at $1,000.
http://www.tricountybank.net/aboutus.html
 

1893

  1893: After the collapse of Pacific Railroad Company Deutsche Bank sets up a reorganization committee. https://www.db.com/usa/content/en/Chronicles.html

  Alpheus Branch died Jan. 3, 1893.  http://bbt.mediaroom.com/index.php?s=22728

 J.P. Morgan is primary financier of U.S. railroads.  https://www.jpmorgan.com/pages/company-history

It was in 1893 that Peter Cushman Jones, a 60-year-old businessman, persuaded close friends Joseph Ballard Atherton and Charles Montague Cooke to join him in organizing a new bank in the Islands.  https://www.boh.com/sites/about-us/history.asp

1894

Citibank became in 1894 the largest bank in the United States, so that, in 1902, it already had branches in Asia. https://dq3l6ltyfpioeory66fd666bcy-jj2cvlaia66be-www-citibank-com.translate.goog/icg/sa/emea/romania/romanian/about-us.html     NEW

 

1895

J. Pierpont Morgan, Sr. becomes senior partner. The New York firm is renamed J.P. Morgan & Co.  https://www.jpmorgan.com/pages/company-history

Roosevelt Savings Bank was established in 1895 on the corner of Gates Avenue and Broadway in Brooklyn, under the name "Eastern District Savings Bank." In 1920, the name was changed to honor the memory of the nation's 26th president, Theodore Roosevelt.  https://www.mynycb.com/Community/Pages/Foundations.aspx
 

 

1896

By 1896 the Northern Pacific has been restructured. https://www.db.com/usa/content/en/Chronicles.html

Barclays formed through a merger of 20 banks                       

http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
    

1897

1897: Gage Leads the Treasury
Former ABA President Lyman Gage is appointed secretary of the Treasury by President William McKinley, serving until 1902. https://www.aba.com/about-us/our-story/aba-history/1850-1899

Morgan Guaranty Trust Company of New York
FDIC Certificate #: 637
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: JPMorgan Chase Bank, National Association (#628)
Federal Reserve ID: 161415
Date Established: January 01, 1897
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 418
Numeric code: 13
Regulator: FED

 
http://www.bankencyclopedia.com/Morgan-Guaranty-Trust-Company-of-New-York-637-New-York-City-New-York.html#ixzz3R0B4NAg7

1897 – Pension Funds
In 1897 the Board of Directors of the SKA creates a pension fund, which provides its employees with benefits after their retirement. In 1919 the SKA creates a pension fund in the form of a cooperative.  

https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

1897: Bank of Hawaii is the first chartered and incorporated bank to do business in the Republic of Hawaii on December 27. The charter is issued by James A. King, Minister of the Interior of the Republic of Hawaii, and signed by Sanford Ballard Dole, president of the Republic. https://www.boh.com/sites/about-us/history.asp

1897: With Peter Cushman Jones serving as Bank of Hawaii’s first president, the bank opens for business with $400,000 in capital with its stock at par value of $100. https://www.boh.com/sites/about-us/history.asp
 

1900

Barclays helps finance two of the world's fastest passenger ships                          

 http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html

President McKinley, whose popularity was heightened by the victory of the United States in the Spanish-American war, was easily returned to a second term in the election of 1900. His running mate was Theodore Roosevelt, Governor of New York.
http://www.eyewitnesstohistory.com/mckinley.htm



1901

---In September 1991,less than a year McKinley’s presidency was cut short by an assassin's bullet delivered in Buffalo, New York....He lingered for eight days finally succumbing to gangrene and infection on September 14 with the words "it is God's way, his will, not ours, be done." http://www.eyewitnesstohistory.com/mckinley.htm 

---With the assassination of President McKinley, Theodore Roosevelt, not quite 43, became the youngest President in the Nation's history. He brought new excitement and power to the Presidency, as he vigorously led Congress and the American public toward progressive reforms and a strong foreign policy.

He took the view that the President as a "steward of the people" should take whatever action necessary for the public good unless expressly forbidden by law or the Constitution." I did not usurp power," he wrote, "but I did greatly broaden the use of executive power."
https://www.whitehouse.gov/1600/presidents/theodoreroosevelt

---J.P. Morgan creates the world's first billion-dollar corporation by buying out industrialist Andrew Carnegie and combining some 33 companies to create United States Steel.  https://www.jpmorgan.com/pages/company-history

1902

 
Citi began operations in India over a century ago in 1902 in Kolkata and today is a significant foreign investor in the Indian financial market. As promoter-shareholder, Citi has played a leading role in establishing important market intermediaries such as depositories, credit bureau, clearing and payment institutions. Citi helped lay the foundation of the Indian software industry by establishing Citicorp Overseas Software Ltd. and Iflex Solutions Ltd.; it pioneered the ITES industry in financial services through Citigroup Global Services Ltd. (CGSL). Oracle acquired Iflex in 2005 and CGSL was acquired by Tata Consultancy Services in 2008. Citi India added two more green certified buildings to its office premises in 2012, and in 2013 moved its headquarters to The First International Financial Centre (FIFC), a world-class environmentally friendly building. In addition, Citi India, through its network of Citi Solution Centres, has been a leading offshoring unit for Citigroup globally, providing employment opportunities in the areas of technology, processing, analytics and financial processes. https://www.online.citibank.co.in/press-room/citi-in-india.htm

London Stock Exchange listing   http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html

Paul Moritz Warburg was born in 1868, Hamburg, Germany.He moved to New York in 1902, and joined Kuhn Loeb & Company. Jacob Schiff was his brother-in-law. Paul Warburg was involved in creating the Federal Reserve.

Citi first established operations in China when it opened its Shanghai office in 1902. As the first American bank to fly the red, white and blue flag in China, Citi became known as Hua Qi Yin Hang, literally, the “Flower Flag Bank”. In the modern era, China remains one of Citi's greatest priorities. http://www.citi.com.cn/html/en/about_us/Our_history.html

NOTE: Citibank (USA) says it got its beginning as City Bank in 1912........Am I the only one who see's it impossible for Citibank to have gotten its beginning in the US????????? http://www.citigroup.com/citi/about/history/101.htm

NOTE:  7 institution history record(s) found.
Event Date Historical Event
1917-04-25 FIRST NATIONAL CITY BANK OF NEW YORK located at NEW YORK, NY was established as a National Bank.
1962-01-19 FIRST NATIONAL CITY BANK OF NEW YORK was renamed to FIRST NATIONAL CITY BANK.
1976-03-01 FIRST NATIONAL CITY BANK was renamed to CITIBANK, N.A. and moved to 5 WALL STREET NEW YORK, NY.
1978-12-30 CITIBANK, N.A. moved to 55 WALL STREET NEW YORK, NY.
1990-07-05 CITIBANK, N.A. moved to 399 PARK AVENUE NEW YORK, NY.
2006-10-01 CITIBANK, N.A. moved to 3900 PARADISE ROAD, SUITE 127 LAS VEGAS, NV.
2011-07-01 CITIBANK, N.A. moved to 701 EAST 60TH STREET NORTH SIOUX FALLS, SD.
http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=476810&parDT_END=99991231 

 In 1902, the name[T.Mellon & Sons Bank] is changed to Mellon National Bank and joins the national banking system.
https://www.bnymellon.com/us/en/timeline.jsp


1903

J.P. Morgan & Co. was appointed as fiscal agent for the newly independent Republic of Panama in 1903 and was subsequently selected by the U.S. Treasury Secretary to arrange the transfer of $40 million from the U.S. government to the French Panama Canal Co. This was the largest real estate deal at the time. https://www.jpmorgan.com/pages/company-history 

1905

1905- The Lincoln National Life Insurance Company is established. Abraham Lincoln's son, Robert Todd Lincoln, grants permission to use his father's name and likeness. The Lincoln National Life Insurance Company   NEW

1905 – First Branch
Credit Suisse takes over the office of Oberrheinische Bank in Basel in 1905, resulting in the opening of the first Credit Suisse branch outside Zurich.  
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

1906

Bank of Italy, today known as Bank of America, provides loans to citizens of San Francisco to rebuild after the earthquake.  http://www.ustrust.com/ust/pages/about-us.aspx
 

J.P. Morgan is central to the creation of U.S. Steel, GE and AT&T.     https://www.jpmorgan.com/pages/company-history 

1907

1907- Banking Panic of 1907

The New York Stock Exchange dropped dramatically as everyone tried to get their money out of the banks at the same time across the nation. This banking panic spurred debate for banking reform. JP Morgan and others gathered to create an image of concern and stability in the face of the panic, which eventually led to the formation of the Federal Reserve. The founders of the Federal Reserve pretended like the bankers were opposed to the idea of its formation in order to mislead the public into believing that the Federal Reserve would help to regulate bankers when in fact it really gave even more power to private bankers, but in a less transparent way.
http://www.thrivemovement.com/banking-history-timeline-follow-money
 

During the financial panic of 1907, J. Pierpont Morgan saves several trust companies and a leading brokerage house from insolvency, bails out New York City, and rescues the New York Stock Exchange.  https://www.jpmorgan.com/pages/company-history

In 1907, the stock market and world markets crashed, spurred largely by huge insurance company loses after the San Francisco fire of 1906. Led by J.P. Morgan and John D. Rockefeller, The Clearing House stepped in by lending money to banks, to the stock exchange and to the City of New York until the panic subsided. Not long after this great panic, The Federal Reserve was formed and The Clearing House’s role evolved to become a proactive resource to promote common interests and help shape the U.S. banking industry. https://www.theclearinghouse.org/about-tch/a-look-back

1908

1908 – JP Morgan Associate and Rockefeller Relative Nelson Aldrich Heads New National Monetary Commission

Senate Republican leader, Nelson Aldrich, heads the new National Monetary Commission that was created to study the cause of the banking panic. Aldrich had close ties with J.P. Morgan and his daughter married John D. Rockefeller. 
http://www.thrivemovement.com/banking-history-timeline-follow-money 

The Aldrich–Vreeland Act was passed in response to the Panic of 1907 and established the National Monetary Commission, which recommended the Federal Reserve Act of 1913.

On May 27, 1908, the bill passed the House on a mostly party-line vote of 166–140, with 13 Republicans voting against it and no Democrats voting for it. On May 30, it passed in the Senate with 43 Republicans in favor and five Republicans joining 17 Democrats opposed. President Roosevelt signed the bill that same night.

The act also allowed national banks to start national currency associations in groups of ten or more , with at least $5 million in total capital, to issue emergency currency. These bank notes were not to be backed by just government bonds, but also just about any securities the banks were holding.

The act proposed that this emergency currency had to go through a process of approval by the officers of these national currency associations, and then once approved were distributed by the Comptroller of the Currency. However, it is possible that because there was a 5 percent tax placed on this emergency currency for the first month it was "outstanding" and a 1 percent increase for the following months it was "outstanding," no bank notes were issued. Another possible explanation why the emergency currency never issued might have been because it wasn't necessary to do so.

Congress modified and extended the law in 1914 when British and other foreign creditors demanded immediate payments, in gold , of amounts which would ordinarily have been carried over and paid through exports of commodities.

Senator Nelson W. Aldrich (R-RI) was largely responsible for the Aldrich-Vreeland Currency Law, and he became the Chairman of the National Monetary commission. The co-sponsor of the legislation was Rep. Edward Vreeland, a Republican from New York. A usage of the law occurred at the outbreak of the World War I in 1914 when the first great financial panic of the twentieth century befell the world, necessitating the closure of the New York Stock Exchange. Secretary of the Treasury William Gibbs McAdoo appeared in New York City
and assured the public that ample stocks of emergency bank notes had been prepared in accordance with the Aldrich–Vreeland Act and were available for issue to the banks. As of October 23, 1914, $368,616,990 was outstanding.

The Federal Reserve Act of December 23, 1913 took effect in November, 1914 when the 12 regional banks opened for business. Ultimately the emergency currency issued under the Aldrich-Vreeland Law was entirely withdrawn.
http://www.absoluteastronomy.com/topics/Aldrich-Vreeland_Act

1910

Business leaders in a small town rich in German-American heritage, Jasper, Indiana, organized and opened a bank in 1910. It was the community’s heritage that prompted the new bank’s name, German American Bank. https://germanamerican.com/about/history/

1910 – Bankers Meet Secretly on Jekyll Island to Draft Federal Reserve Banking Legislation

Over the course of a week, some of the nations most powerful bankers met secretly off the coast of Georgia, drafting a proposal for a private Central Banking system. Those in attendance included Nelson Aldrich, A.P. Andrew (Assistant Secretary of the Treasury), Paul Warburg (Kuhn, Loeb, & Co.), Frank Vanderlip (President of National City Bank of New York), Charles D. Norton (president of the Morgan-dominated First National Bank of New York), Henry Davidson (Senior Partner of JP Morgan Co.), and Benjamin Strong (representing JP Morgan).
http://www.thrivemovement.com/banking-history-timeline-follow-money 

On the evening of November 22, 1910, seven of the riches men , together representing about one fourth the world's wealth at the time, left Hoboken, New Jersey on a train in complete secrecy, dropping their last names in favor of first names, or code names, so no one would discover who they all were. The excuse for such powerful representatives and wealth was to go on a duck hunting trip on Jekyll Island.

1. Nelson W. Aldrich, Republican "whip" in the Senate, Chairman
of the National Monetary Commission, business associate of J.P.
Morgan, father-in-law to John D. Rockefeller, Jr.;
2. Abraham Piatt Andrew, Assistant Secretary of the United States
Treasury;
3. Frank A. Vanderlip, president of the National City Bank of New
York, the most powerful of the banks at that time, representing
William Rockefeller and the international investment banking
house of Kuhn, Loeb & Company;
4. Henry P. Davison, senior partner of the J.P. Morgan Company;
5. Charles D. Norton, president of J.P. Morgan's First National Bank
of New York;
1
6. Benjamin Strong, head of J.P. Morgan's Bankers Trust Company;
and
7. Paul M. Warburg, a partner in Kuhn, Loeb & Company, a
representative of the Rothschild banking dynasty in England
and France, and brother to Max Warburg who was head of the
Warburg banking consortium in Germany and the Netherlands.

https://archive.org/details/CreatureFromJekyllIslandByG.Edward-G.EdwardGriffin

https://ia701202.us.archive.org/11/items/CreatureFromJekyllIslandByG.Edward-G.EdwardGriffin/CreatureFromJekyllIslandByG.Edward-G.EdwardGriffin.pdf Meet the owners of the Federal Reserve

a
nd the currency in your pocket and the administrators of how business is done in America via taxation - the IRS.

"This was the roster of the Aldrich car that night: (train car headed to Jekyll Island in Georgia in 1910)

Nelson W. Aldrich, Republican "Whip" in the Senate, Chairman of the National Monetary Commission, business associate of J.P. Morgan, Father-in-law of John D. Rockefeller, Jr.;
Abraham Piatt Andrew, Assistant Secretary of the United States Treasury;
Frank A. Vanderlip, president of the National City Bank of New York, the most powerful of the banks at that time, representing William Rockefeller and the international investment banking house of Kuhn, Loeb & Company;
Henry P. Davison, senior partner of the J.P. Morgan Company;
Charles D. Norton, president of J.P. Morgan's first National Bank of New York;
Benjamin Strong, head of J.P. Morgan's Bankers Trust Company;
Paul M. Warburg, a partner in Kuhn, Loeb & Company, a representative of the Rothschild banking dynasty in England and France, and brother to Max Warburg who was head of the Warburg banking consortium in Germany and the Netherlands."1
_____________

1. G. Edward Griffin, The Creature from Jekyll Island - A Second Look at the Federal Reserve (American Media, P.O. Box 4646, Westlake Village, CA 91359-1646) 5
http://www.postwtc.com/fedowners.html
 

 

1910 – Paris
SKA opens a representative office in Paris for its international safekeeping account clients. 
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

1910: J.S. Morgan becomes Morgan Grenfell & Co.      https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history
 

1911

International Business Machines Corporation (IBM or the company) was incorporated in the State of New York on June 16, 1911, as the Computing-Tabulating-Recording Co. (C-T-R), a consolidation of the Computing Scale Co. of America, the Tabulating Machine Co. and The International Time Recording Co. of New York. Since that time, IBM has focused on the intersection of business insight and technological innovation, and its operations and aims have been international in nature. This was signaled over 85 years ago, in 1924, when C-T-R changed its name to International Business Machines Corporation.  http://www.ibm.com/investor/pdf/10K_2011.pdf

1912

The City Bank of New York was formed on June 16th, 1812, after overcoming many obstacles and political maneuverings. Led by Samuel Osgood, a far-sighted elder statesman who believed in expanding trade across borders, the bank let New York compete with Boston, Baltimore and Philadelphia for the nation's business.
http://www.citigroup.com/citi/about/history/101.htm

NEW   OneMain Financial

Citigroup

UBSIDIARIES OF THE COMPANY exhibit21-01.htm

NOTE: Citibank (China) was opened in 1902. 

NOTE: 7 institution history record(s) found.

Event Date Historical Event
1917-04-25 FIRST NATIONAL CITY BANK OF NEW YORK located at NEW YORK, NY was established as a National Bank.
1962-01-19 FIRST NATIONAL CITY BANK OF NEW YORK was renamed to FIRST NATIONAL CITY BANK.
1976-03-01 FIRST NATIONAL CITY BANK was renamed to CITIBANK, N.A. and moved to 5 WALL STREET NEW YORK, NY.
1978-12-30 CITIBANK, N.A. moved to 55 WALL STREET NEW YORK, NY.
1990-07-05 CITIBANK, N.A. moved to 399 PARK AVENUE NEW YORK, NY.
2006-10-01 CITIBANK, N.A. moved to 3900 PARADISE ROAD, SUITE 127 LAS VEGAS, NV.
2011-07-01 CITIBANK, N.A. moved to 701 EAST 60TH STREET NORTH SIOUX FALLS, SD.
http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=476810&parDT_END=99991231 

 

1912-12-31 PRIMERICA CORPORATION located at 65 EAST 55TH STREET, NEW YORK, NY was established as a Domestic Entity Other.

1913

The Federal Reserve System IS CREATED 1913

Federal Reserve Members

 

Dec 23, 1913 – Federal Reserve Act Passed

Two days before Christmas, while many members of Congress were away on vacation, the Federal Reserve Act was passed, creating the Central banking system we have today. It was based on the Aldrich plan drafted on Jekyll Island and gave private bankers supreme authority over the economy. They are now able to create money out of nothing (and loan it out at interest), make decisions without government approval, and control the amount of money in circulation.

1913 – Income tax established -16th Amendment Ratified
http://www.thrivemovement.com/banking-history-timeline-follow-money
Taxes ensured that citizens would cover the payment of debt due to the Central Bank, the Federal Reserve, which was also created in 1913.The 16th Amendment stated: “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”  http://www.thrivemovement.com/banking-history-timeline-follow-money

Foreign Events: 1. Russian collapse    2 German Republic     3 League of Nations

1914



Paul M. Warburg was sworn in as a member of the first Federal Reserve Board on August 10, 1914. He was appointed vice chairman (called “vice governor” before 1935) on August 10, 1916. He resigned from the Board on August 9, 1918.   https://www.federalreservehistory.org/people/paul-m-warburg


1914 – JP Morgan and Co. Profits from Financing both sides of War and Purchasing Weapons

J.P. Morgan and Co. made a deal with the Bank of England to give the
m a monopoly on underwriting war bonds for the UK and France. They also invested in the suppliers of war equipment to Britain and France. http://www.thrivemovement.com/banking-history-timeline-follow-money

November 1914 – Federal Reserve Banks Open
http://www.thrivemovement.com/banking-history-timeline-follow-money

The Class A stock of the Federal Reserve has not been sold or traded on the open market since it was hermetically sealed from the public at the end of the summer of 1914.
 

1914: The opening of a Deutsche Bank branch in New York fails. https://www.db.com/usa/content/en/Chronicles.html

The Clayton Act addresses specific practices that the Sherman Act does not clearly prohibit, such as mergers and interlocking directorates (that is, the same person making business decisions for competing companies). Section 7 of the Clayton Act prohibits mergers and acquisitions where the effect "may be substantially to lessen competition, or to tend to create a monopoly." As amended by the Robinson-Patman Act of 1936, the Clayton Act also bans certain discriminatory prices, services, and allowances in dealings between merchants. The Clayton Act was amended again in 1976 by the Hart-Scott-Rodino Antitrust Improvements Act to require companies planning large mergers or acquisitions to notify the government of their plans in advance. The Clayton Act also authorizes private parties to sue for triple damages when they have been harmed by conduct that violates either the Sherman or Clayton Act and to obtain a court order prohibiting the anticompetitive practice in the future.
http://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/antitrust-laws

Clayton Antitrust Act, 1914, passed by the U.S. Congress as an amendment to clarify and supplement the Sherman Antitrust Act of 1890. It was drafted by Henry De Lamar Clayton. The act prohibited exclusive sales contracts, local price cutting to freeze out competitors, rebates, interlocking directorates in corporations capitalized at $1 million or more in the same field of business, and intercorporate stock holdings. Labor unions and agricultural cooperatives were excluded from the forbidden combinations in the restraint of trade. The act restricted the use of the injunction against labor, and it legalized peaceful strikes, picketing, and boycotts. It declared that "the labor of a human being is not a commodity or article of commerce." Organized labor was as heartened by the act as it had been dejected by the doctrine of the Danbury Hatters' Case, but subsequent judicial construction weakened the act's labor provisions. The Clayton Antitrust Act was the basis for a great many important and much-publicized suits against large corporations. Later amendments to the act strengthened its provisions against unfair price cutting (1936) and intercorporate stock holdings (1950).
The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.
http://www.infoplease.com/encyclopedia/history/clayton-antitrust-act.html

Clayton Antitrust Act

1915

J.P. Morgan arranges the biggest foreign loan in history – a $500 million Anglo/French loan. https://www.jpmorgan.com/pages/company-history

1917

FIRST NATIONAL CITY BANK OF NEW YORK

FIRST NATIONAL CITY BANK OF NEW YORK


This institution has been renamed (see Institution History). The current information is:
CITIBANK, N.A.
701 EAST 60TH STREET NORTH
SIOUX FALLS, SD, UNITED STATES 57104

Institution Type: National Bank
Primary Federal Regulator: OCC Insurance: FDIC/DEPOSIT INSURANCE FUND
RSSD ID: 476810 FDIC Certificate #: 7213
Routing Transit Number (RTN): 021000089

Activity: COMMERCIAL BANKING


http://www.ffiec.gov/nicpubweb/nicweb/InstitutionProfile.aspx?parID_Rssd=476810&parDT_END=19620118

Institution History for CITIBANK, N.A. (476810)

7 institution history record(s) found. < Previous Page 1 Next >

Event Date Historical Event
1917-04-25 FIRST NATIONAL CITY BANK OF NEW YORK located at NEW YORK, NY was established as a National Bank.
1962-01-19 FIRST NATIONAL CITY BANK OF NEW YORK was renamed to FIRST NATIONAL CITY BANK.
1976-03-01 FIRST NATIONAL CITY BANK was renamed to CITIBANK, N.A. and moved to 5 WALL STREET NEW YORK, NY.
1978-12-30 CITIBANK, N.A. moved to 55 WALL STREET NEW YORK, NY.
1990-07-05 CITIBANK, N.A. moved to 399 PARK AVENUE NEW YORK, NY.
2006-10-01 CITIBANK, N.A. moved to 3900 PARADISE ROAD, SUITE 127 LAS VEGAS, NV.
2011-07-01 CITIBANK, N.A. moved to 701 EAST 60TH STREET NORTH SIOUX FALLS, SD.
http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=476810&parDT_END=99991231


Institutions Acquired by CITIBANK, N.A. (476810)
View additional information for an institution by selecting that institution.

19 Institution(s) Found < Previous Page 1 Next>
 
Name (RSSD ID)          Acquisition Date      Description

CAL FED HOLDINGS, INC. (3158498) 2012-06-19 The acquired institution sold its assets to the acquiring institution.
CITICORP TRUST BANK, FSB (374112) 2012-01-01 The acquired institution sold its assets to the acquiring institution.
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION (486752) 2011-07-01 The acquired institution sold its assets to the acquiring institution.
CITIBANK INTERNATIONAL (545538) 2007-01-01 The acquired institution sold its assets to the acquiring institution.
CITIBANK (WEST), FSB (3119145) 2006-10-01 The acquired institution sold its assets to the acquiring institution.
CITIBANK DELAWARE (490115) 2006-10-01 The acquired institution sold its assets to the acquiring institution.
CITIBANK TEXAS, NATIONAL ASSOCIATION (1363270) 2006-10-01 The acquired institution sold its assets to the acquiring institution.
CITIBANK, FEDERAL SAVINGS BANK (2132660) 2006-10-01 The acquired institution sold its assets to the acquiring institution.
CITICORP TRUST, NATIONAL ASSOCIATION (596361) 2006-10-01 The acquired institution sold its assets to the acquiring institution.
CITIBANK (NEW YORK STATE) (536219) 2003-08-30 The acquired institution sold its assets to the acquiring institution.
UNIVERSAL CARD SERVICES CORP. (2702979) 2002-01-03 The acquired institution sold its assets to the acquiring institution.
EUROPEAN AMERICAN BANK (736309) 2001-07-17 The acquired institution sold its assets to the acquiring institution.
BHN MULTIBANCO, S.A. (2509963) 1998-07-31 The acquired institution sold its assets to the acquiring institution.
GIROD TRUST COMPANY (633314) 1984-08-20 The acquired institution failed and disposition was arranged of by a regulatory agency. Assets were distributed to the acquiring institution.
BANCO REGIONAL DE AHORRO DE BAYAMON (219316) 1982-06-12 The acquired institution failed and disposition was arranged of by a regulatory agency. Assets were distributed to the acquiring institution.
CITIBANK (MID-HUDSON) N.A. (220107) 1976-01-02 The acquired institution sold its assets to the acquiring institution.
CITIBANK (SUFFOLK) NATIONAL ASSN (935803) 1976-01-02 The acquired institution sold its assets to the acquiring institution.
FIRST NATIONAL CITY TRUST COMPANY (471413) 1963-01-16 The acquired institution sold its assets to the acquiring institution.
RICHMOND COUNTY NATIONAL BANK OF PORT RICHMOND (1017818) 1962-11-05 The acquired institution sold its assets to the acquiring institution.
Page 1 of 1
http://www.ffiec.gov/nicpubweb/nicweb/AcquisitionForm.aspx?parID_RSSD=476810&parDT_END=99991231


Citibank USA, National Association
701 East 60th Street, North
Sioux Falls,SD 57104


FDIC Certificate #: 16100 Date Established: 11/9/1943
Bank Charter Class: National Bank Date of Deposit Insurance: 11/9/1943
Primary Federal Regulator: Office of the Comptroller of the Currency Demographic Information Report
Primary Internet Web Address: Web site not available. Generate History Information


This is an inactive institution.
Inactive as of: October 1, 2006
Closing history: Merged without Assistance into
Acquiring institution: Citibank (South Dakota), N.A. - (23360)
https://www2.fdic.gov/idasp/confirmation_outside.asp?inCert1=16100

The financial report shown in this Content frame can be automatically generated by selecting any of the seven controls: Report name, Dollars, Ratios, Date selections and Report types in the Header frame.

Citibank USA, National Association
701 East 60th Street, North
Sioux Falls, SD 57104
FDIC Certificate #: 16100 Bank Charter Class: N

Definition

Dollar figures in thousands
Citibank USA, National Association
Sioux Falls, SD
September 30, 2006

Citibank USA, National Association
Sioux Falls, SD
September 30, 2005

Assets and Liabilities
1 Total employees (full-time equivalent) 1,184 1,350
2 Total assets 7,374,155 6,944,792
3 Cash and due from depository institutions 163,789 305,238
4 Interest-bearing balances 3,060 686
5 Securities 99 99
6 Federal funds sold & reverse repurchase agreements 0 0
7 Net loans & leases 6,513,754 5,838,552
8 Loan loss allowance 100,246 104,833
9 Trading account assets 0 0
10 Bank premises and fixed assets 2,174 3,387
11 Other real estate owned 0 0
12 Goodwill and other intangibles 231,210 295,229
13 All other assets 463,129 502,287
14 Total liabilities and capital 7,374,155 6,944,792
15 Total liabilities 6,564,655 6,093,346
16 Total deposits 1,612,004 1,370,484
17 Interest-bearing deposits 1,086,188 1,170,570
18 Deposits held in domestic offices 1,612,004 1,370,484
19 % insured N/A N/A
20 Federal funds purchased & repurchase agreements 1,071,000 384,500
21 Trading liabilities 0 0
22 Other borrowed funds 2,770,000 2,875,000
23 Subordinated debt 200,000 200,000
24 All other liabilities 911,651 1,263,362
25 Total equity capital 809,500 851,446
26 Total bank equity capital 809,500 851,446
27 Perpetual preferred stock 0 0
28 Common stock 1,000 36
29 Surplus 605,165 606,082
30 Undivided profits 203,335 245,328
31 Noncontrolling interests in consolidated subsidiaries N/A N/A
Memoranda:
32 Noncurrent loans and leases 88,060 61,744
33 Noncurrent loans that are wholly or partially guaranteed by the U.S. government 0 0
34 Income earned, not collected on loans 72 996
35 Earning assets 6,516,913 5,839,337
36 Long-term assets (5+ years) 8,717 10,219
37 Average Assets, year-to-date 6,961,637 6,077,780
38 Average Assets, quarterly 7,247,379 6,532,333
39 Total risk weighted assets 7,576,290 6,888,122
40 Adjusted average assets for leverage capital purposes 6,975,435 6,018,883
41 Life insurance assets 0 N/A
42 General account life insurance assets N/A N/A
43 Separate account life insurance assets N/A N/A
44 Hybrid life insurance assets N/A N/A
45 Volatile liabilities 2,751,621 2,364,302
46 Insider loans 1,037 1,295
47 FHLB advances 0 0
48 Loans and leases held for sale 0 0
49 Unused loan commitments 438,272,725 398,461,598
50 Tier 1 (core) risk-based capital 671,196 668,814
51 Tier 2 risk-based capital 294,772 286,333
52 Total unused commitments 438,272,725 398,461,598
53 Derivatives 0 0
Total assets and liabilities in foreign offices
Restructured Loans and leases
Past due and nonaccrual assets
Fiduciary and related services
Carrying amount of assets covered by FDIC loss-share agreements

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Citibank USA, National Association
701 East 60th Street, North
Sioux Falls, SD 57104
FDIC Certificate #: 16100 Bank Charter Class: N

Definition

Demographic Information

February 12, 2015

September 30, 2006

September 30, 2005

1 Status Inactive Active Active
2 Bank Holding Company (Regulatory Top Holder) See Note! CITIGROUP INC. CITIGROUP INC.
3 Certificate# 16100 16100 16100
4 Federal Reserve ID Number 112855 112855 112855
5 Institution Name Citibank USA, National Association Citibank USA, National Association Citibank USA, National Association
6 City,State,Zip Sioux Falls, SD, 57104 Sioux Falls, SD, 57104 Sioux Falls, SD, 57104
7 Number of Domestic Offices 1 1
8 Number of Foreign Offices N/A N/A
9 Interstate Offices No No
10 Summary Of Deposits June 30, 2006 June 30, 2005
11 Current List of Total Offices
12 Asset Concentration Hierarchy Commercial Lending Specialization Commercial Lending Specialization
13 Subchapter S Corporation No No
14 County Minnehaha Minnehaha Minnehaha
15 Metropolitan Statistical Area Sioux Falls, SD Sioux Falls, SD Sioux Falls, SD
16 Established Date November 9, 1943 November 9, 1943 November 9, 1943
17 Date of Deposit Insurance November 9, 1943 November 9, 1943 November 9, 1943
18 Last Structure Change Process Date October 18, 2006
19 Last Structure Change Effective Date October 1, 2006
20 Ownership Type Stock Stock
21 Directly Owned by Another Bank?(CERT) No No
22 Trust Powers Granted N/A Yes Yes
23 Bank Charter Class National Bank National Bank National Bank
24 Regulator OCC OCC OCC
25 Insurance fund membership DIF DIF BIF
26 FDIC Quarterly Banking Profile Region Kansas City Kansas City Kansas City
27 FDIC Geographic Region Kansas City Kansas City Kansas City
28 FDIC Supervisory Region New York NEW YORK NEW YORK
29 FDIC Field Office Sioux Falls Sioux Falls Sioux Falls
30 Federal Reserve District Minneapolis Minneapolis Minneapolis
31 Office of the Comptroller of the Currency District Western Western Western
32 Primary Web Address Web site not available. N/A N/A
https://www2.fdic.gov/idasp/main2.asp

Bank Holding Company (Regulatory Top Holder)
Regulatory top holder is assigned by the Federal Reserve Board based on ownership and control percentages. Note: The FDIC is only provided this information as of each quarter-end.

Regulatory top holder is any company that •directly or indirectly owns, controls or has power to vote 25 percent or more of a bank's or direct holding company's shares or
•controls in any manner the election of a majority of the directors or trustees of a bank or direct holding company or
•exercises a controlling influence over the management or policies of a bank or direct holding company.
Information on Thrift Holding Companies that own Savings Associations but do not own banks is not currently available in the ID System.

Source: Federal Reserve Board National Information Center data base.
|
https://www2.fdic.gov/idasp/main2.asp

Mutual Ownership Flag
Banking institutions fall into one of two ownership types, stock or non-stock.

A non-stock institution, or mutual institution, is owned and controlled solely by its depositors. A mutual does not issue capital stock. (1=Yes, a mutual)

An institution which sells stock to raise capital is called a stock institution. It is owned by the shareholders who benefit from profits earned by the institution. (0=No, not a mutual.)
https://www2.fdic.gov/idasp/main2.asp 

 

1918

Although Warburg left the Federal Reserve Board in 1918, he continued to serve the Federal Reserve as a member of the Federal Advisory Council (1921–26). He resumed his activities in business and philanthropic circles as well. For example, he founded and was the first chairman of the Executive Committee of the American Acceptance Council in 1919. In 1921, he organized the International Acceptance Bank to promote US government financing of reconstruction in Europe following the war.

Warburg was also a director of the Council on Foreign Relations (1921–32), a trustee of the Institute of Economics (1922–27), and a trustee of the Brookings Institution after it merged with the Institute of Economics in 1927. He also helped establish the Carl Schurz Memorial Foundation in 1930. He served at various times as a director of the Baltimore and Ohio Railroad, Union Pacific Railroad, and Western Union Telegraph Company. Warburg was also a director of the Julliard School of Music and a trustee of Tuskegee College.

Warburg continued to take an active interest in the nation’s monetary affairs and banking system. In March 1929, he warned that the wild stock speculation resulting from stock price increases and improper bank lending practices would have disastrous results if left unchecked. On October 29 of that year, the stock market crashed.

Throughout his career, Warburg was a prolific writer. Most notable among his published works was a two-volume set on the Federal Reserve System published in 1930. The Yale University Library (Manuscripts and Archives) is the repository for Warburg’s papers dating from 1904 to 1932. The collection includes 169 volumes on banking and finance.

Warburg died at his home in New York in 1932. At the time of his death, he was chairman of the Manhattan Company and a director of the Bank of Manhattan Trust Company, Farmers Loan and Trust Company of New York, and First National Bank of Boston.


Written by the Board of Governors of the Federal Reserve System.
https://www.federalreservehistory.org/people/paul-m-warburg

1919

   NEW   treaty of peace with germany - Read about  who sold Palestine [Gaza] out.... for the Jews    Incase you missed it :                            

On November 2, 1917, Foreign Secretary Arthur James Balfour writes an important letter to Britain’s most illustrious Jewish citizen, Baron Lionel Walter Rothschild, expressing the British government’s support for a Jewish homeland in Palestine. The letter would eventually become known as the Balfour Declaration.

Britain’s support for the Zionist movement came from its concerns regarding the direction of the First World War. Aside from a genuine belief in the righteousness of Zionism, held by Lloyd George among others, Britain’s leaders hoped that a statement supporting Zionism would help gain Jewish support for the Allies.

On November 2, Balfour sent his letter to Lord Rothschild, a prominent Zionist and a friend of Chaim Weizmann, stating that: “His Majesty’s Government view with favor the establishment in Palestine of a national home for the Jewish people.”

The influence of the Balfour Declaration on the course of post-war events was immediate: According to the “mandate” system created by the Versailles Treaty of 1919, Britain was entrusted with the administration of Palestine, with the understanding that it would work on behalf of both its Jewish and Arab inhabitants.
https://www.history.com/this-day-in-history/the-balfour-declaration

 At the intersection of Field and Grand Streets in Waterbury is the former Waterbury National Bank Building, now the headquarters for Junior Achievement of Southwestern New England. Built in 1919-1922. The Chase family had a long association with the Waterbury National Bank, which was founded in 1848 and was Waterbury’s first bank. The Bank’s original building was located at Grand and Bank Streets, giving the latter thoroughfare its name. Henry S. Chase intended the new bank building to be part of his plan for an impressive Waterbury municipal center. Henry died in 1918 and his brother Irving Chase assumed management of construction, utilizing Cass Gilbert, the same architect who had designed the Chase Brass and Copper Company’s headquarters, also located on Grand Street. http://historicbuildingsct.com/?p=6906    

BRED is the most important cooperative bank in France. It was founded in 1919 by Louis-Alexandre Dagot in Vincennes.

1920

Founded in Evansville, Indiana in 1920, Springleaf Financial Services provides loans and other credit related products to more than half a million families in 26 states. We provide bill consolidation loans, personal loans, home improvement loans, loans for unexpected expenses and vacations. For 90+ years, Springleaf Financial Services has provided the personal lending products our customers need and when they need it.

 

New York Commercial Bank traces its roots to the mid 1920s, when our Atlantic Bank division was established to meet the needs of consumers and small businesses in the city of New York. Today, New York Commercial Bank has 30 branches, including 18 that operate under the name Atlantic Bank.  https://www.mynycb.com/Pages/AboutUs.aspx

Barclays invests in William Morris, helping him to become the biggest UK car manufacturer  http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html

1921

1921-1929 – The “Roaring 20’s” – The Federal Reserve Floods the Economy with Cash and Credit

From 1921 to 1929 the Federal Reserve increased the money supply by $28 billion, almost a 62% increase over an eight-year period.[3] This artificially created another “boom”.
http://www.thrivemovement.com/banking-history-timeline-follow-money

The Harvard branch of the Ku Klux Klan was founded in 1921, according to university archives, consistent with when Klan membership reached its peak in the 1920s. Though the KKK was founded after the Civil War and had its stronghold in the Deep South, its second incarnation in the 20th century was spread throughout the whole of the United States, including enclaves such as Cambridge, Mass.https://www.washingtonpost.com/history/2021/03/30/harvard-klan-photo/ BANKER GEORGE j. BRYTE FOUND DEAD *v Financier Believed to Have Committed Suicide While Insane Body Found by W. A. Forbes on Floor oi Closet With Rope Around Neck. Large Property Holder and Prominent In the Development of Sacramento and Cosumnes District. .

-----------------------------------------------------------------------------------------

• George J. Rryte. 51, third vice-president of the California Trust and Savings Rank, was found dead in a closet in his home, 42,> Eleventh street, shortly after 7 o’clock last night by his brother-in-law \\ . H. Forbes, under circumstances indicating suicide.

The dead man was in a semi-prone position with a bathrobe cord wound tightly around his neck and the other end attached to a door knob. APPARENT SUICIDE. Forbes said that Rryte apparently had tied the cord arotrod hts neck, fastened it to the door knob and dropped to the floor, thus causing death from strangulation.

Some six months ago deceased suffered from a nervous collapse and it is believed that he comnitted the deed during a recurrence of the trouble.

When discovered, Rryte was breathing slightly. The cord was quickly untied but the unfortunate man gave a fe-w gasps and died.

 Relatives had been watching Rryte during the past fortnight, iearmg that he might attempt to take his life.

PROMINENT BANKER. Rryte was formerly president of the Sacramento Valley Bank and I rust Company. \\ hen the California National Bank and the tormer banking company merged in 1920, he became an office holder of the California I rust and Savings Bank.

 A seven-story building at Seventh and j streets bears his name, and he owned much other city property. Br\te was prominently identified with the development of the Cosumnes river district, where he had large holdfngs of land etore gomg into the banking business he conducted a large dairy near Flvas.

 Ihe family has been prominent in Sacramento countv lor two generations. I he body is at the undertaking parlors of Clark, Booth and i ardley.

LEAVES FAMILY. Brytewas the husband of Mrs. Georgia Brvte and the father of George J. Bryte, Jr., Ethel M., Ruth A. and Thomas. \\ c wa * the of the late Mike and Elizabeth Brvte. brother oi Mike Bryte, Mrs. Charles Schwilk and Mrs. W. F. Peterson oi ban Francisco.

 Dr. E. J' Rulison, the family physician, said deceased had been despondent for some time following his illness. \\ . E. Gerber, president of the California National Rank said the news was a terrible blow.

 Expressions of sympathy were numerous. H E Yardlev ™ Ct ' d f IS 6 e en era! sentiment when he said the dead banker was one of the most wdiole-souled men he'ever knew.
https://cdnc.ucr.edu/?a=d&d=SU19210329.2.20&e=-------en--20--1--txt-txIN--------1

 

1923

The Trump Organization is a group of about 500 business entities of which Donald Trump is the sole or principal owner. About 250 of these entities use the Trump name. The organization was founded in 1923 by Donald Trump's grandmother, Elizabeth Christ Trump, and father, Fred Trump, as E. Trump & Son.
Founded: 1923
 

 

1924

1/1/1924 Roosevelt Federal Savings and Loan Association (28389)was established. http://research.fdic.gov
NEW Letter from the Senior Country Officer
J.P. Morgan’s history in Japan dates back to 1924, the year after the Great Kanto Earthquake when J.P. Morgan underwrote disaster recovery bonds issued by the Japanese government. Since then, Japan has been one of the most important markets for the firm. J.P. Morgan provides various services through JPMorgan Securities Japan Co., Ltd., JPMorgan Chase Bank N.A., Tokyo Branch, and JPMorgan Asset Management (Japan) Limited to corporate clients, financial institutions and government agencies. 
https://www.jpmorgan.co.jp/en/local-presence

1925

Barclays Bank D.C.O. is established with over 1,350 offices across 41 countries. http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
 

THE UNITED STATES CORPORATION COMPANY

Note: Corporate documents for The United States Corporation are on file in the State of Florida.  Sunbiz.org 

1925: Central Union Trust Co. (a predecessor firm) opens a representative office. The office becomes a full service branch in 1938.  https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history 

Albert Gordon, Who Rebuilt Kidder Peabody, Dies at 107
By DOUGLAS MARTIN
Published: May 1, 2009

Albert H. Gordon, who helped pick up the pieces of a shattered Kidder Peabody after the 1929 Wall Street crash and built the firm into what Forbes magazine called “a minor powerhouse on Wall Street,” died Friday at his home in Manhattan. He was 107.

Albert H. Gordon, an éminence grise of Wall Street, in 2006.
His son John announced the death.

Mr. Gordon lived to become an éminence grise of the investment community, began running marathons in his 80s and at his death was the oldest graduate of both Harvard College and Harvard Business School, according to Harvard Magazine. In 1960, Fortune magazine listed Mr. Gordon as one of the 10 most powerful men on Wall Street and as the financial community’s most successful underwriter and salesman. It noted that he ordered his men to read “The Elements of Style,” written by William Strunk Jr. in 1918 and revised by E. B. White in 1959, to improve their reports.

Mr. Gordon used his charm, powerful friends like Armand Hammer of Occidental Petroleum and legendary energy to chase deals. John C. Whitehead, former chairman of Goldman Sachs, called Mr. Gordon “a famous business-getter.” In ruling that the investment industry did not violate federal antitrust laws in 1953, Judge Harold R. Medina noted the industriousness of Kidder. He said Mr. Gordon’s firm had “forged its way strictly on the merits from a minor position in 1931 to that of one of the country’s leading underwriters.”

Mr. Gordon arrived on Wall Street in 1925 as a new Harvard Business School graduate, to take a job as a statistician with Goldman. He traveled an immense territory selling commercial paper; he was on a train 12 nights out of 14. (He was later one of the first investment bankers to fly.)

In those days, investment bankers strove for decorum.

“We wore silk collars,” he said in an interview with National Public Radio in 2004. “We wore hats. We took ourselves seriously.” Kidder itself was a respected Wall Street institution when Mr. Gordon arrived in 1931. The firm had been prominent in the early financing of the American Telephone and Telegraph Company.

But two years after the crash, it was broke. J. P. Morgan & Company arranged financing that included a cash infusion from the Webster family of Stone & Webster, the engineering company. Frank Webster had led Kidder for most of the first third of the 20th century.

The reconstituted Kidder had three principals: Edward S. Webster Jr., Frank’s grandson and Mr. Gordon’s Harvard classmate; Chandler S. Hovey, who led a Boston investment bank, and Mr. Gordon, who, at 29, was the youngest.

Kidder came back. From 1960 to 1964, it ranked second among all investment banking concerns in a category of securities offering, The New York Times reported in 1965.

Mr. Gordon was chairman and a large shareholder of Kidder in 1986 when General Electric bought the business. Under G.E., Kidder floundered and ended up selling most of its assets to the competing PaineWebber Group in 1994. Mr. Hovey retired in 1952, and Mr. Webster died in 1957.

Albert Hamilton Gordon was born in the community of North Scituate, Mass., on July 21, 1901. His father, after working as a sheepherder in Wyoming, had moved east to become a successful leather merchant, supplying the British Army in World War I.

The younger Mr. Gordon graduated from Roxbury Latin School, where he broke his nose playing football. He graduated cum laude from Harvard College in 1923 with distinction in economics. He ranked third in his class at Harvard Business School. Arriving in New York, he shared an apartment with four or five friends, who embraced the local popular culture, including speakeasies, flappers and Babe Ruth. “We were having a very, very good time,” Mr. Gordon told NPR.

At his first job with Goldman Sachs, he got a $2 million deal from National Dairy Products, a predecessor of Kraft Foods. He was entitled to a substantial commission, but his boss took all the credit. Mr. Gordon learned an important lesson, he told Forbes in 2000, “You can’t retain employees if you don’t spread credit around.”

The Times reported in 1989 that Mr. Gordon had imbued Kidder with “an air of positive gentility, giving employees a free hand to pursue deals.” He also gradually sold back ownership of the firm to its workers, to signal that he would not challenge the new management he had recruited. He did not want anyone to think of him as “that greedy old bastard,” he told Business Month in 1989.

As one of the oldest surviving Wall Street veterans of the crash of 1929, Mr. Gordon was often asked to reflect on how he thought it had happened. In 1987, he told The Nation magazine, “Young men thought they could do anything.”

Mr. Gordon became something of a legend for his dedication to physical fitness, which he believed explained his longevity. He took one puff of a cigarette in his life, he said, didn’t salt his food and limited his alcohol intake to a glass of Champagne a year.

He was twice the oldest participant in the London marathon and sometimes walked from airports to his hotel. He made cold calls to prospective clients well into his 90s. At 105, he was still working four days a week at Deltec Asset Management.

Mr. Gordon was a past president of the Harvard Club of New York, and his generosity to Harvard is evident in the Albert H. Gordon Track and Tennis Center there, as well as a professorship at the business school. The New York Road Runners named its library and an annual race after him.

Mr. Gordon’s wife, the former Mary Rousmaniere, died in 1980. He is survived by his sons, Albert F. and John R., both of Manhattan, and Daniel F., of Philadelphia; his daughters, Mary Gordon Roberts and Sarah F. Gordon, both of Manhattan; 12 grandchildren; and three great-grandchildren.

In the 1960s and 70s, Mr. Gordon offered cash rewards to employees who quit smoking. He always flew economy, and when he noticed a young Kidder vice president sitting in first class, Financial News reported in 2001, he penciled a note for a flight attendant to pass on.

“What is the food like up there?” it read.

More Articles in Business » A version of this article appeared in print on May 2, 2009, on page A14 of the New York edition.

http://www.nytimes.com/2009/05/02/business/02gordon.html?_r=0

Kidder Faces Life After Siegel


1926

In 1926 the Bank of Charleston merged with local banks in Greenville and Columbia to form the South Carolina National Bank, which will be absorbed by Wachovia in the mid-1990s. 
http://www.nps.gov/nr/travel/charleston/sbc.htm 

Citi has had a presence in Germany since 1926 when the City Bank of New York opened its first office in Berlin. This office was a precursor to today's Institutional Clients Group (ICG) business, located in Frankfurt.

Citi ICG
Frankfurter Welle
Reuterweg 16
60323 Frankfurt

https://www.citigroup.com/citi/about/countries-and-jurisdictions/germany.html#:~:text=Citi%20Germany%20is%20part%20of,for%20syndicated%20loans%20and%20lender.

 

 

1927

1927: The Dillon, Read & Co. bank places a $ 25 million bond by Deutsche Bank on the American market. https://www.db.com/usa/content/en/Chronicles.html

Guaranty Trust Company, a predecessor firm of J.P. Morgan, pioneers the concept of American Depositary Receipts (ADRs), which enables Americans to invest in foreign securities directly on U.S. exchanges.  https://www.jpmorgan.com/pages/company-history

1928

From 1928 to 1946, the $10,000 bill was printed and circulated with Salmon Chase's face on it. http://www.philstockworld.com/tag/10000-bill/ 

1929

 

Docu - The Crash of 1929
1,238,490 views•Dec 12, 2019

Olivier Bossard on Finance
31.9K subscribers
A PBS documentary that examines the stock market crash of 1929 with interviews from descendants of several Wall Street insiders.
Writer: Ronald Blumer - this post is for educational purposes only. - Olivier BOSSARD                   
https://www.youtube.com/watch?v=FAZjlxWNszw

Albert Gordon , helps pick up the pieces of a shattered Kidder Peabody after the 1929 Wall Street crash.

Two Ohio institutions merge to form City National Bank & Trust, a predecessor of Bank One.    https://www.jpmorgan.com/pages/company-history

Frank Russell's brother Fred Lee Russell found dead in his car ...www.newspapers.com  › ... › 1929 › Jan › 31 › Page 6
Clipping found in The Daily Independent in Murphysboro, Illinois on Jan 31, 1929. Frank Russell's brother Fred Lee Russell found dead in his car. ...

1921-1929 – The “Roaring 20’s” – The Federal Reserve Floods the Economy with Cash and Credit

From 1921 to 1929 the Federal Reserve increased the money supply by $28 billion, almost a 62% increase over an eight-year period.[3] This artificially created another “boom”.
http://www.thrivemovement.com/banking-history-timeline-follow-money
 
1929 – Federal Reserve Contracts the Money Supply

In 1929, the Federal Reserve began to pull money out of circulation as loans were paid back. They created a “bust” which was inevitable after issuing so much credit in the years before. The Federal Reserve’s actions triggered the banking crisis, which led to the Great Depression.
http://www.thrivemovement.com/banking-history-timeline-follow-money

October 24, 1929 – “Black Thursday”, Stock Market Crash

The most devastating stock market crash in history. Billions of dollars in value were consolidated into the private banker’s hands at the expense of everyone else.
http://www.thrivemovement.com/banking-history-timeline-follow-money


1930- Great Depression Begins
http://www.thrivemovement.com/banking-history-timeline-follow-money


1929-1933- Federal Reserve Reduces Money Supply by 33%
http://www.thrivemovement.com/banking-history-timeline-follow-money

 

1930

The Bank for International Settlements (BIS) was established as an international financial
institution, enjoying special immunities, pursuant to the Hague Agreements of 20th January 1930.

The founder shareholding members were the central banks of Belgium, France, Germany, Italy,
Japan, the United Kingdom and the United States (the Federal Reserve did not take up its rights as
founder member until 1994).

Within two years of its founding, nineteen other European central
banks had subscribed to the Bank's capital. The Bank opened its doors in Basle, Switzerland on
17th May 1930.
http://www.bis.org/publ/bisp02a.pdf

 

Established on 17 May 1930, the Bank for International Settlements (BIS) is the world's oldest international financial organisation. The BIS has 60 member central banks, representing countries from around the world that together make up about 95% of world GDP.

The head office is in Basel, Switzerland and there are two representative offices: in the Hong Kong Special Administrative Region of the People's Republic of China and in Mexico City.
http://www.bis.org/about/index.htm
 

1931

NEW  On September 21, 1931, Great Britain left the gold standard—that is, withdrew its promise to provide a specific amount of gold in exchange for its bank notes (Wicker 1996). Foreigners became concerned the United States would do the same and began converting their dollar assets to gold. This external drain caused a large reduction in the US gold supply. At the same time, depositors became concerned about the safety of banks and withdrew currency from their accounts, creating an internal drain on the banking system (Friedman and Schwartz 1963). Together, these external and internal drains reduced the money supply, deepening the deflation which propagated the depression.

The Federal Reserve Bank of New York responded to the external drain in the gold stock by raising its discount rate and acceptance buying rate in early October (Friedman and Schwartz 1963). The goal was to encourage investors to deposit money in the United States by providing a relatively higher relative yield on US financial assets (Wheelock 1992). According to Friedman and Schwartz, the internal drain wouldn’t have been so severe if the Fed had increased open market purchases as well.


Although the external drain on the US gold stock ended by late October, bank failures continued. To try to relieve the strain in the banking system, in January 1932, the US Congress created the Reconstruction Finance Corporation (RFC), which had the authority to lend to banks, other financial institutions, and railroads. In addition, the Fed began a program of large-scale open market purchases in April 1932; by the time the program had ended in August, the Fed had purchased about $1 billion in government securities. During the first half of 1932, the bank failure epidemic ended (Friedman and Schwartz 1963).

Economic conditions improved by the summer of 1932, but relief did not last. The Midwest and West, especially, saw an increase in bank failures toward the end of 1932; in early 1933, a national panic arose. Many factors contributed to the national banking panic, including uncertainty over the economic policies of President Roosevelt, who was elected in November 1932 but did not take office until March 1933. Banks could have borrowed from the RFC but were reluctant to do so, in part because their names would be published and their action might be seen as a sign of weakness, which might then lead to a run on the bank (Friedman and Schwartz 1963).


A bank run on individual banks in a given state threatened other banks in that state. For this reason, states began declaring state banking holidays (Nevada was first, on October 31, 1932), which temporarily relieved banks of meeting their debt obligations. The spread of these statewide banking holidays increased the demand for currency in other states, with New York City banks feeling the most pressure. The Fed and commercial banks once again were concerned about a potential external drain of the US gold stock. During this period, fears that Roosevelt would devalue the currency led private banks and others with dollar assets to accumulate foreign currencies (Friedman and Schwartz 1963). According to Wicker, following Michigan’s banking holiday, which was declared on February 14 after troubled Detroit banks were unable to secure loans from the RFC, the drain on gold reserves accelerated. (For additional information, see the Federal Reserve Board’s annual reportOffsite link for 1933.)

The Fed again raised discount rates and acceptance buying rates in February 1933, as it had during the fall of 1931, to help slow the drain on gold reserves. Interest rates rose across the board. But once again, the Fed did not increase its open market purchases significantly (Friedman and Schwartz 1963). In response to the large gold losses in New York, the Chicago Fed provided loans to the New York Fed on March 1 and 2, but refused the New York Fed’s request for another loan on March 3 out of concern for its own reserve ratio. The Federal Reserve Board then suspended the gold reserve requirement on March 3 (Wicker 1996). Rather than containing the panic, “The System itself shared in the panic that prevailed in New York” (Friedman and Schwartz 1963, 327), and even the Federal Reserve Banks were closed on March 4. The crisis ended when Roosevelt declared a national bank holiday beginning March 6, 1933, and announced the suspension of gold shipments (Wheelock 1992).

According to Friedman and Schwartz, the Federal Reserve System as a whole had no policy in place in the two months leading up to the national banking holiday. Likewise, Wicker noted that the lack of agreement among the twelve Reserve Bank governors on a strategy (that is, more vigorous open market purchases) contributed to the need to suspend payments. Wicker also suggested that, rather than the RFC having lender-of-last-resort responsibilities, the Fed could have provided support to troubled banks whose failure would cause fear and uncertainty to spread (as was the case in Detroit).
https://www.federalreservehistory.org/essays/banking-panics-1931-33

 

1932

1932 – First Boston Corporation
The First Boston Corporation is founded as a subsidiary of The First National Bank of Boston. In 1934 the First Boston Corporation becomes the first publicly held investment bank in the US. 
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

1933

 

Securities Act of 1933

Securities Exchange Act of 1934

With this Act, Congress created the Securities and Exchange Commission. The Act empowers the SEC with broad authority over all aspects of the securities industry. This includes the power to register, regulate, and oversee brokerage firms, transfer agents, and clearing agencies as well as the nation's securities self regulatory organizations (SROs). The various securities exchanges, such as the New York Stock Exchange, the NASDAQ Stock Market, and the Chicago Board of Options are SROs. The Financial Industry Regulatory Authority (
FINRA) is also an SRO.

The Act also identifies and prohibits certain types of conduct in the markets and provides the Commission with disciplinary powers over regulated entities and persons associated with them.

The Act also empowers the SEC to require periodic reporting of information by companies with publicly traded securities.

The full text of this Act can be read at:
http://www.sec.gov/about/laws/sea34.pdf
.

Corporate Reporting

Companies with more than $10 million in assets whose securities are held by more than 500 owners must file annual and other periodic reports. These reports are available to the public through the SEC's EDGAR database.

Proxy Solicitations

The Securities Exchange Act also governs the disclosure in materials used to solicit shareholders' votes in annual or special meetings held for the election of directors and the approval of other corporate action. This information, contained in proxy materials, must be filed with the Commission in advance of any solicitation to ensure compliance with the disclosure rules. Solicitations, whether by management or shareholder groups, must disclose all important facts concerning the issues on which holders are asked to vote.

Tender Offers

The Securities Exchange Act requires disclosure of important information by anyone seeking to acquire more than 5 percent of a company's securities by direct purchase or tender offer. Such an offer often is extended in an effort to gain control of the company. As with the proxy rules, this allows shareholders to make informed decisions on these critical corporate events.

Insider Trading

The securities laws broadly prohibit fraudulent activities of any kind in connection with the offer, purchase, or sale of securities. These provisions are the basis for many types of disciplinary actions, including actions against fraudulent insider trading. Insider trading is illegal when a person trades a security while in possession of material nonpublic information in violation of a duty to withhold the information or refrain from trading.

Registration of Exchanges, Associations, and Others

The Act requires a variety of market participants to register with the Commission, including exchanges, brokers and dealers, transfer agents, and clearing agencies. Registration for these organizations involves filing disclosure documents that are updated on a regular basis.

The exchanges and the Financial Industry Regulatory Authority (FINRA) are identified as self-regulatory organizations (SRO). SROs must create rules that allow for disciplining members for improper conduct and for establishing measures to ensure market integrity and investor protection. SRO proposed rules are subject to SEC review and published to solicit public comment. While many SRO proposed rules are effective upon filing, some are subject to SEC approval before they can go into effect.

 

1934

Securities Exchange Act of 1934

Since 1934, the SEC has required disclosure in forms and documents. In 1984, EDGAR began collecting electronic documents to help investors get information. The SEC's new system requires data disclosure — the next step to improve how investors find and use information.
http://www.sec.gov/edgar/searchedgar/webusers.htm#.VLxmWHTnb3g

1935

Henry Morgan, founded Morgan Stanley in 1935

Is Morgan Stanley The Same As J.P. Morgan?
While the naming may indicate that they are similar companies, they in fact are independent entities. J.P Morgan's grandson, Henry Morgan, founded Morgan Stanley in 1935. Morgan Stanley is another standalone investment bank and does not currently have any relations with J.P. Morgan.  https://www.wallstreetoasis.com/forums/difference-between-jp-morgan-and-jp-morgan-chase
NEW

 

1939

Trust Indenture Act of 1939
 

1939 – Swissam
In July 1939 SKA creates the subsidiary Swiss American Corporation (New York), which focuses on the underwriting and investment business, as well as investment consultancy.  
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html
 

1940

Investment Company Act of 1940

1940 – New York
SKA opens the New York Agency on May 9, 1940.  
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

Despite bomb damage, Barclays branches remain open during the Blitz   http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
 

1941

1941: Breakdown of all bilateral business relations due to Germany's declaration of war.  https://www.db.com/usa/content/en/Chronicles.html

1945

The United Nations was formed on October 24, 1945- Article 1 of the UN charter states four purposes:

(1) To maintain international peace and security

(2) To develop friendly relations among nations

(3) To achieve international co-operationin solving international problems

(4) To be a center for harmoning the actions of nations in the attainment of these common ends.:

 

1948

NEW In 1948, the headquarter​​s of ITU were moved from Berne to Geneva.
https://www.itu.int/en/history/Pages/ITUsHistory.aspx

1949

The Synagogue Of Satan 1949 ~ 1973, by Andrew Carrington Hitchcock

 

1953

    United States v. Morgan  The Seventeen Defendant Investment Banking Firms. 1. Morgan Stanley & Co. 2. Kuhn Loeb & Co. 3. Smith Barney & Co. 4. Lehman Brothers. 5. Glore Forgan & Co. 6. Kidder Peabody & Co. 7. Goldman Sachs & Co. 8. White Weld & Co. 9. Eastman Dillon & Co. 10. Drexel & Co. 11. The First Boston Corporation *626 12. Dillon Read & Co. Inc. 13. Blyth & Co., Inc. 14. Harriman Ripley & Co., Incorporated. 15. Stone & Webster Securities Corporation. 16. Harris Hall & Company (Incorporated). 17. Union Securities Corporation

1.  Morgan Stanley & Co.- It is not coincidental that JPMorgan and Morgan Stanley share the ‘Morgan’ name. The firm today known as Morgan Stanley was founded in 1935, essentially as a spin-off from the original JPMorgan. This came about following the passage of the Glass-Steagal Act in 1933, which prohibited firms from conducting investment banking business under the same roof as commercial and consumer banking business.

Therefore, Henry S. Morgan (grandson of J. Pierpont Morgan, founder of the eponymous firm) joined together with Harold Stanley and select other partners to found Morgan Stanley as an investment banking concern. Since Morgan Stanley’s founding, it has evolved entirely independently of the latter day JPMorgan Chase Co.

Chase Bank is also part of the picture - but represents just one thread of an almost impenetrably complex web of bank mergers and acquisitions over the last century and more.

Chase Bank was formed from the merger of Chase National Bank and The Manhattan Company in 1955, originally becoming Chase Manhattan Bank.

In 1996, Chemical Bank (then the 3rd largest bank in the United States by assets) acquired Chase Manhattan (retiring the ‘Chemical’ name in the process), before merging in 2000 with JPMorgan & Co. to form today’s JPMorgan Chase Co.

Clear so far?

If you want to take a further trip down the rabbit hole of banking history (and, truly, it’s quite interesting if you like that sort of thing) you might look up yet another banking concern to bear the Morgan name: Morgan, Grenfell & Co. Part of the modern day Deutsche Bank, the ‘Morgan’ in this instance refers to Junius Spencer Morgan (father of J.P.)
https://www.quora.com/Are-JP-Morgan-Morgan-Stanley-and-Chase-Bank-all-related

William E. Duboise   and Communism   NEW

You Will Fall Like Over Ripe Fruit into our Hands [video below]

(Communist hands)

)

1954

It is the means whereby individuals
are seduced into the service of the world Communist movement,
trained to do its bidding, and directed and controlled in the conspiratorial performance of their revolutionary services. Therefore, the
Communist Party should be outlawed.
https://www.govinfo.gov/content/pkg/STATUTE-68/pdf/STATUTE-68-Pg775.pdf

 

1955

The Manhattan Company merged with Chase National Bank in 1955 to form the Chase Manhattan Bank. https://www.jpmorgan.com/pages/company-history  


1957

 Edwin Sibley Webster Jr. 57, banker Kidder, Peabody Co. found dead  from gun shot wounds

 

1958

Barclays appoints the UK's first ever female branch manager     http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
 

1959

-Early in 1959 the board of governors of the federal reserve system turned down requests from certain commercial banks to raise the rate ceiling from 3% on time deposits. Such a rate was subject to competitive pressure from mutual savings banks and savings and loan associations and from high yields on short-term government securities. ...

The repeal by Congress of Section 13b of the Federal Reserve act became effective Aug. 21, 1959. As of that date, therefore, the federal reserve banks were no longer authorized to grant commitments to, and participate with, financing institutions in providing working capital for established industrial and commercial businesses, or to make direct loans or commitments to such businesses. (Britannica Book of the Year 1960, events  of 1959,page 253,Federal Reserve System)

-He mentioned the Banking and Currency Committee going to conference over the housing authority which allows for backdoor borrowing--"We won't have anybody in there to fight it." Banking and Currency is in favor, and the Senate is in favor--even though the House, on the floor, tacked on the Thomas amendment to take this authority to borrow out of the bill--it will get sacked in the committee because the committee in conference is opposed to the amendment--he was extremely exercised about backdoor borrowing and the lack of overall control over appropriations.
http://www.archives.gov/legislative/research/special-collections/oral-history/fenno/gary-1959.html

1962

1962 – White Weld
In 1962, Credit Suisse takes over White, Weld and Co. AG, Zurich, from the American investment bank, White Weld, New York. The acquisition is re-named Clariden Finanz AG. 
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

1963

JOHN F. KENNEDY THE WHITE HOUSE   AMENDMENT OF EXECUTIVE ORDER NO. 10289

"There are some who say that Communism is the wave of the future.
Let them come to Berlin."
--President John F. Kennedy, Berlin, Germany, June 26, 1963
The cold war is the term for the rivalry between the two blocs of contending states that emerged following World War II. It was a series of confrontations and tests of wills between the non-Communist states, led by the United States and Great Britain, and the Communist bloc, led by the Soviet Union, that lasted 45 years and, at one point, drew the world to the brink of nuclear war.

In August 1961 the Soviets erected the Berlin Wall to stop the mass exodus of people fleeing Soviet East Berlin for West Berlin and the non-Communist world. The wall was a mass of concrete, barbed wire, and stone that cut into the heart of the city, separating families and friends. For 28 years, it stood as a grim symbol of the gulf between the Communist East and the non-Communist West. In 1989 the Berlin Wall fell, signalling the end of the cold war.

National Archives,
John F. Kennedy Library
(NLK-29248)

On June 26, 1963, President John F. Kennedy delivered a speech that electrified an adoring crowd gathered in the shadow of the Berlin Wall. As he paid tribute to the spirit of Berliners and to their quest for freedom, the crowd roared with approval upon hearing the the President's dramatic pronouncement, "Ich bin ein Berliner" (I am a Berliner).  http://www.archives.gov/exhibits/american_originals/kennedy.html

 

1964

1964 – Full-Service Bank
Credit Suisse is granted a license as a full-service bank, allowing it to take deposits and carry out all other types of banking in the USA. 
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html
 

--Barclays Bank D.C.O. Opens Park Ave. Branch; British Unit's Vice Chairman Flies From London to Dedicate 1,400th Office BARCLAYS OPENS PARK AVE.

Barclay's Bank D.C.O., Britain's biggest overseas banking organization, ran off another marker on its growth string yesterday with the opening of a new branch office at 300 Park Avenue.   http://query.nytimes.com/gst/abstract.html?res=9506EEDB1E30E033A25756C1A96F9C946591D6CF

1966

Barclays launches the Barclaycard, the UK's first credit card    http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html

Control Data was much smaller than CCC, earning $8.4 million in 1966 with only $350 million in assets. However, CCC was already financing and leasing computers, and Control Data had big plans to open a worldwide network of computer data centers, as well as sell and lease its computers. Control Data lacked the capital for this plan, and the two companies hoped they could be of mutual benefit to one another. CCC was to contribute capital and assist in the leasing of computers and in timesharing operations.   https://www.encyclopedia.com/books/politics-and-business-magazines/commercial-credit-company
 

1967

 We [Barclays] launch the world's first cash machine             http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
 

1968

  1968: Deutsche Bank founds European-American Banking Corporation and European-American Bank & Trust Corporation together with other European banks.  https://www.db.com/usa/content/en/Chronicles.html

1968: Chase Manhattan enters a joint venture with The Bank of Ireland to establish The Chase Bank of Ireland (International) Ltd. Chase takes a 50% interest in the venture. https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history
 

   The firm launches Euroclear, a system for the orderly settlement of transactions in Eurobonds.  https://www.jpmorgan.com/pages/company-history


NEW In 1968, Commercial Credit Corporation was the target of a hostile takeover by Loews Inc. Loews had acquired nearly 10% of CCC, which it intended to break up on acquisition. To avoid the takeover, CCC forged a deal with CDC lending them the money to purchase control in CCC instead, and "That is how a computer company came to own a fleet of fishing boats in the Chesapeake Bay." By the 1980s, Control Data entered an unstable period, which resulted in the company liquidating many of their assets. In 1986, Sandy Weill convinced the Control Data management to spin off their Commercial Credit subsidiary to prevent the company's potential liquidation. Over a period of years, Weill used Commercial Credit to build an empire that became Citigroup. In 1999, Commercial Credit was renamed CitiFinancial, and in 2011, the full-service network of US CitiFinancial branches were renamed OneMain Financial. http://articles.baltimoresun.com/1991-11-07/business/1991311058_1_commercial-credit-primerica-weill

INTRODUCTION
JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”), a financial holding company incorporated under Delaware law in 1968, is a leading global financial services firm and one of the largest banking institutions in the United States of America (“U.S.”), with $2.1 trillion in assets, $170.2 billion in stockholders’ equity and operations in more than 60 countries as of March 31, 2009. The Firm is a leader in investment banking, financial services for consumers and businesses, 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.
JPMorgan Chase’s principal bank subsidiaries are JPMorgan Chase Bank, National Association (“JPMorgan Chase Bank, N.A.”), a national banking association with branches in 23 states in the U.S.; and Chase Bank USA, National Association (“Chase Bank USA, N.A.”), a national bank that is the Firm’s credit card issuing bank. JPMorgan Chase’s principal nonbank subsidiary is J.P. Morgan Securities Inc., the Firm’s U.S. investment banking firm.
JPMorgan Chase’s activities are organized, for management reporting purposes, into six business segments, as well as Corporate/Private Equity. The Firm’s wholesale businesses comprise the Investment Bank, Commercial Banking, Treasury & Securities Services and Asset Management segments. The Firm’s consumer businesses comprise the Retail Financial Services and Card Services segments. A description of the Firm’s business segments, and the products and services they provide to their respective client bases, follows.
Investment Bank
J.P. Morgan is one of the world’s leading investment banks, with deep client relationships and broad product capabilities. The Investment Bank’s clients are corporations, financial institutions, governments and institutional investors. The Firm offers a full range of investment banking products and services in all major capital markets, including advising on corporate strategy and structure, capital-raising in equity and debt markets, sophisticated risk management, market-making in cash securities and derivative instruments, prime brokerage and research. The Investment Bank (“IB”) also selectively commits the Firm’s own capital to principal investing and trading activities. https://www.sec.gov/Archives/edgar/data/19617/000095012309008271/y76962e10vq.htm

 

1969

https://www.youtube.com/watch?v=klF4O5NH1gA

Address by G. Edward Griffin, given in 1969

https://www.seemorefacts.com/uploads/1/6/8/4/16843972/color_communism_and_common_sense_02a_1.pdf

1970

1970: The First National Bank of Chicago (a predecessor firm) opens a branch in Dublin at 31 Dame Street. The branch moves to 44/45 St. Stephen’s Green in 1974.  https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history


CCC generally had a low profile during its years under the ownership of Control Data. The firm consolidated its leasing units in 1970 and formed a real estate finance unit the following year. In 1974 CCC formed an insurance division. It also bought 70 percent of France’s Credit Fran£ais and formed a joint venture with Japan’s Nippon Shinpan, a major consumer finance company. Beginning in the late 1970s the firm made a number of acquisitions including Gulf Insurance in 1976 and Great Western Loan & Trust in Texas in 1977. In 1981 CCC bought the Electronic Realty Association, a real estate franchising network.

Meanwhile the relationship between CCC and Control Data was eroding. Computers became rapidly less expensive and more powerful in the 1970s, and many corporations that had leased mainframes from Control Data began to buy their own computers. As this trend intensified, Control Data no longer needed CCC to help it with leasing. CCC also expanded into a wide area of financial services—too many, in the eyes of some critics. CCC opened a national bank based in Delaware, two state-chartered banks, and two savings and loans that offered mortgages, credit cards, and a variety of other services. It owned 21 percent of midsize brokerage Inter-Regional Financial Group Inc. Its business financing expanded to include vehicle and airplane leasing as well as life and casualty insurance. It lent a total of $577 million to foreign countries, about half of them in Latin America. Because of Control Data’s large losses in the computer business, CCC lost its investment-grade credit rating, forcing it to pay more for its money.

https://www.encyclopedia.com/books/politics-and-business-magazines/commercial-credit-company

 

1971

1971: Together with Schweizerische Bankgesellschaft, Deutsche Bank sets up UBS-DB Corporation, New York. https://www.db.com/usa/content/en/Chronicles.html

Read about Communism in 1971 : https://www.govinfo.gov/content/pkg/GPO-CRECB-1971-pt13/pdf/GPO-CRECB-1971-pt13-1-1.pdf   Is JPMorgan owned by communists? What about the other members of the 'world bank"?

1973

Chase opens a representative office in Moscow, the first Russian presence for a U.S. bank since the 1920s; Chase also becomes the first U.S. correspondent to the Bank of China since the 1949 Chinese revolution.  https://www.jpmorgan.com/pages/company-history

J.P. MORGAN IN RUSSIA
CB "J.P. Morgan Bank International" (LLC) is a part of the JPMorgan Chase & Co. group which has been present in the Russian market since the early Seventies: Chase opened a representative office in Moscow in 1973.

Commercial Bank Chase Manhattan Bank International was created as a limited liability company in 1993 and registered with the Bank of Russia under No. 2629.

In 2001, the bank changed its name to the current one.

At present, Commercial Bank "J.P. Morgan Bank International" (Limited Liability Company) has its office in Moscow and offers a broad range of financial and banking services to legal entities, including currency conversion operations, money market transactions, securities and derivatives transactions.

The bank does not provide its services to retail customers.

The bank is one of the leading players on the Russian financial market and continues to develop new business lines for the benefit of its clients.

James Dimon, Chairman and CEO of JPMorgan Chase & Co., is a member of the International Advisory Board on creation and development of an international financial centre in Russian Federation under the Russian President.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.4 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers globally and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

http://www.jpmorgan.ru/pages/jpmorgan/russia/en/home

 

1974

The Synagogue Of Satan 1974 ~ 1990, by Andrew Carrington Hitchcock

1975

CIA secret weapon of assassination Heart Attack Gun, Declassified 1975

1976

 

1976  A Study of Corporate and Banking Influence

1976 – Bodenkreditanstalt
The merger with the Schweizerische Bodenkreditanstalt marks the first major step toward growth in mass business and represents a substantial expansion of the sales network and client base. 
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html  

1977

George Fisher Baker   Found Fatally Shot  NEW

1977 – The Chiasso Affair
The Chiasso affair resulted in the biggest loss SKA had suffered in its entire history. The crisis prompted the bank to strike out for new shores and transform itself from a traditional Zurich institution into an international financial services provider.  
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

Personal bankers are introduced to branches  http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html

1978

1978: Deutsche Bank acquires the remaining 50% of the capital of UBS-DB corporation. The company is renamed in Atlantic Capital Corporation. https://www.db.com/usa/content/en/Chronicles.html
 

1979

1979: On April 30 Deutsche Bank New York branch opens. https://www.db.com/usa/content/en/Chronicles.html

1979: Chase Manhattan purchases the Bank of Ireland’s 50% interest and renames it The Chase Bank (Ireland) Ltd.  
https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history

 

1980

 Barclays helps finance the Hong Kong underground   http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
 

 Predecessor firm Hambrecht & Quist (H&Q) takes Apple Computer public.   https://www.jpmorgan.com/pages/company-history

The Hong Kong and Shanghai Banking Corporation was founded by Scotsman Sir Thomas Sutherland in the then British colony of Hong Kong on 3 March 1865, and in Shanghai a month later, benefiting from the start of trading into China, including opium trading. In 1980, HSBC acquired a 51% shareholding in US-based Marine Midland Bank, which it extended to full ownership in 1987.(information FOUND ON INTERNET)

Event Date Historical Event
1812-06-01 MARINE TRUST COMPANY OF WESTERN NEW YORK located at 241 MAIN STREET, BUFFALO, NY was established as a State Member Bank.
1965-09-01 MARINE TRUST COMPANY OF WESTERN NEW YORK was renamed to MARINE MIDLAND TRUST COMPANY OF WESTERN NEW YORK.
1970-07-31 MARINE MIDLAND TRUST COMPANY OF WESTERN NEW YORK was renamed to MARINE MIDLAND BANK-WESTERN.
1976-01-01 MARINE MIDLAND BANK-WESTERN was renamed to MARINE MIDLAND BANK and moved to ONE MARINE MIDLAND CENTER BUFFALO, NY.
1980-02-01 MARINE MIDLAND BANK was renamed to MARINE MIDLAND BANK, N.A. and changed from State Member  Bank to National Bank.
1993-12-31 MARINE MIDLAND BANK, N.A. was renamed to MARINE MIDLAND BANK and changed from National Bank to State Member Bank.
1999-03-29 MARINE MIDLAND BANK was renamed to HSBC BANK USA and moved to ONE HSBC CENTER BUFFALO, NY.
2004-07-01 HSBC BANK USA was renamed to HSBC BANK USA, NATIONAL ASSOCIATION and moved to 90 CHRISTIANA ROAD NEW CASTLE, DE and changed from State Member Bank to National Bank.
2004-08-25 HSBC BANK USA, NATIONAL ASSOCIATION moved to 1105 NORTH MARKET ST WILMINGTON, DE.
2008-12-20 HSBC BANK USA, NATIONAL ASSOCIATION moved to 1800 TYSONS BOULEVARD, SUITE 50 MCLEAN, VA.
http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=413208&parDT_END=99991231

http://www.ffiec.gov/nicpubweb/nicweb/OrgHierarchySearchForm.aspx?parID_RSSD=413208&parDT_END=99991231

1982

1982: Opening of branches in Los Angeles and Chicago. https://www.db.com/usa/content/en/Chronicles.html
 

1982 – SASI
Swiss American Securities Inc. (SASI), a subsidiary of SKA which was founded in the 1970s, becomes a member of the New York Stock Exchange in November 1982. Thus SKA becomes the first Swiss bank to have a place on the New York Stock Exchange via its subsidiary.
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

Roberto Calvi  Italian banker found hanging from a London bridge

1983

1983- Citibank Re-entered China with a representative office in Shenzhen  http://www.citi.com.cn/html/en/about_us/Our_history.html

 

1984
 

 Citibank  opened Beijing representative office   http://www.citi.com.cn/html/en/about_us/Our_history.html
 

1985

 Citibank opened Shanghai representative office http://www.citi.com.cn/html/en/about_us/Our_history.html

DEATH OF APOPKA WOMAN STILL A MYSTERY TO FAMILY ...https://www.orlandosentinel.com › news › os-xpm-198...
Nov 17, 1985 — What agents knew for sure was that Smith, 35, the head bookkeeper at the former State Bank of Apopka, was found dead on her bed by fellow ...


Memoriam Deceased Graduates - Florida Southern College in ...https://www.flsouthern.edu › alumni-giving › alumni
Mary Emma Luther Majewski '35 of Brevard, N.C., died Jan. 29, 2016. ... At FSC, she was selected as the first Miss Florida Southern College in 1938. ... She is survived by two sons, Scott Smith and Steve Smith; two daughters, Melody Cernitz and Candy Murphy; nine ... He was a director of First State Bank of Winter Garden.


"Opened Feb. 12, 1912. Orange County's oldest banking institution"--negative sleeve.

 

1986

Barclays becomes the first UK bank to have its shares listed on both the New York and Tokyo Stock Exchanges http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
 

1986: Chase opens an office in Bournemouth.   https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history
 

1987

                         Barclays launches the UK’s first debit card                  http://www.timeline.barclays.com/content/1690/The-start-of-Barclays.html
 

Weill Puts Things in Order at Commercial Credit Corporation

3 INDICTED ON INSIDER CHARGES

 Kidder Faces Life After Siegel

1988

NEWCreating Economic and Monetary Union

The first step towards creating the ECB was the decision, taken in 1988, to build an Economic and Monetary Union: free capital movements within Europe, a common monetary authority and a single monetary policy across the euro area countries.
https://www.ecb.europa.eu/ecb/history/html/index.en.html

 Shenzhen Citibank representative office upgraded to branch  http://www.citi.com.cn/html/en/about_us/Our_history.html

---Citigroup Inc. (Citigroup and, together with its subsidiaries, the Company) is a diversified global financial services holding company whose businesses provide a broad range of financial services to consumer and corporate customers with some 200 million customer accounts doing business in more than 100 countries. Citigroup was incorporated in 1988 under the laws of the State of Delaware.
http://www.citigroup.com/citi/investor/data/q0401c.pdf  [see 1998]
 

1988 – Stake acquired in CSFBI
First Boston Inc. becomes CS First Boston with a takeover of 44.5% of CS First Boston by CS Holding. 1990 sees a takeover of a majority holding of CS First Boston.

https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

1989

 Rothschild Banking Family Opens German Office After 88-Year Absence
GEORGE BOEHMER
October 23, 1989
FRANKFURT, West Germany (AP) _ The legendary Rothschild banking family on Monday ended an 88-year absence from Germany by opening a new office in Frankfurt, the famed Jewish family’s historic hometown.

The Rothschild family that had lived in this Main River city since the Middle Ages closed its last German firm in 1901, when financial activity had migrated elsewhere and family interests in Paris and London eclipsed those in their traditional home.

The new Frankfurt office, located at Friedrich Street 48, will deal primarily in corporate financing, rather than consumer banking.

ADVERTISEMENT

Rothschild offices in Paris and London joined forces to open the new office in Frankfurt, said Jan von Trott, spokesman for Frankfurt Mayor Volker Hauff.

Trott said the city views the opening of Frankfurt’s new Rothschild operation as ″a positive signal in connection with European Economic Community plans for free trade in the community by 1992.″

″It is a joining together of tradition and the future,″ Trott said. ″The Rothschilds have a magical meaning for Frankfurt as the original bankers here.″

Hauff joined Barons Elie and David Rothschild of Paris and Amschel Rothschild of London in opening ceremonies for the new office in Frankfurt’s West End district.

The office will initially be staffed by three people under the supervision of Erich Stromeyer, a former managing director of Shearson Lehmen Hutton AG in Frankfurt.

Plans call for the office’s activities to include business mergers and acquisitions, in addition to regular portfolio management, banking sources say.

Mayer Amschel Rothschild, the son of a Jewish money-changer in the Frankfurt ghetto, started the family financial empire in the 18th century.

The Rothschild family later expanded its banking business to other major cities, including London, Vienna, Naples and Paris.

Berlin eventually became Germany’s banking center, and in 1901, when Baron Wilhelm Carl von Rothschild died leaving no male heirs, the family closed its operations in Frankfurt.

″For a Rothschild family member, the return to Frankfurt is a meaningful event,″ Baron David Rothschild, associated manager of Rothschild & Cie. in Paris, told reporters at a press conference.

The Frankfurt office is owned by N.M. Rothschild & Sons Ltd. in London, Rothschild Bank AG of Zurich, and the Paris-based Rothschild & Cie.

The Rothschild family gained prominence by financing such projects as the construction of European railroads and the British military campaign that led to the final defeat of Napoleon at Waterloo in 1815.

The family’s original home on the banks of the Main River was destroyed by Allied bombers in World War II.

In November 1988, West Germany’s only museum devoted exclusively to Jewish life and culture opened in the restored Rothschild Palace. Exhibits range from Jewish traditions in the city to documentation of the horrors of the Holocaust that claimed the lives of 6 million European Jews.
https://apnews.com/article/37b5d94dad57797c5dea6609df7c5283

 

1989 – CS Holding
CS Holding, set up in 1982 as a sister company to SKA, becomes the parent company of the Group.
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

J.P. Morgan ranks among Fortune's 50 Best Companies for Minorities. The firm is regularly recognized as a leading employer of women, minorities, and LGBT employees.             https://www.jpmorgan.com/pages/company-history

FORMER CONFORMED NAME: COMMERCIAL CREDIT GROUP INC
DATE OF NAME CHANGE: 19890102 COMMERCIAL CREDIT GROUP INC

Alfred Herrhausen  Chairman of the Deutsche Bank, West Germany's largest bank, was assassinated on the streets of Frankfurt.

 

1990

During stage one, which began in July
1990, the member countries of the European
Union were to achieve greater convergence
in economic performance through increased
policy coordination. Stage one was also to
be characterized by the completion of the
single internal market and removal of all

FEDERAL BAN K O F ST . LOUIS
4Digitized for FRASER
http://fraser.stlouisfed.org/ 
Federal Reserve Bank of St. Louis

REVIEW JULY / AUGUST 1995

capital controls.4 In addition, all currencies
would be linked in the Exchange Rate
Mechanism (ERM), and procedures would
be established for budgetary policy coordina­
tion.3 The goals for the completion of stage
one have yet to be met because the currencies
of five countries do not participate in the ERM.

https://fraser.stlouisfed.org/files/docs/publications/frbslreview/rev_stls_199507.pdf

1990: Deutsche Bank Government Securities becomes the only German bank to be awarded "primary dealer" status by the Federal Reserve Bank. https://www.db.com/usa/content/en/Chronicles.html
 

 1990 – Bank Leu
Acquisition of Bank Leu.  
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html    
 

 J.P. Morgan plays an active role in the negotiations with Mexico to restructure nearly $50 billion in medium- and long-term commercial bank debt. A first in the market, the new bonds become known as Brady Bonds.
 
https://www.jpmorgan.com/pages/company-history

1991

Citibank  upgraded representative office in Shanghai (China) to full branch status     http://www.citi.com.cn/html/en/about_us/Our_history.html

In 1991, Manufacturers Hanover Corp. merged with Chemical Banking Corp., under the name of Chemical Banking Corp., then the second-largest banking institution in the United States. http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history
 

1992

On January 1, 1992, the Fund on behalf of the Equity Portfolio acquired the
assets and liabilities of Lazard Equity Fund, formerly a portfolio of Scudder
Fund, Inc. ("Scudder Fund") an open-end, diversified management investment
company, and the Fund on behalf of the Special Equity Portfolio acquired the
assets and liabilities of Lazard Special Equity Fund, Inc. ("Lazard Special
Equity Fund"), formerly a single portfolio open-end, diversified management
investment company.

https://www.sec.gov/Archives/edgar/data/874964/0000930413-95-000049.txt 
 

1992: Deutsche Bank's activities in the USA were consolidated under the umbrella of Deutsche Bank North America Holding. https://www.db.com/usa/content/en/Chronicles.html

 NEW    BLAZER FINANCIAL SERVICES INC OF FLORIDA

1993

Citibank, The first international bank to move its China headquarters to the mainland from Hong Kong  http://www.citi.com.cn/html/en/about_us/Our_history.html

1993 – Volksbank
Acquisition of Swiss Volksbank.
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html                                

CITIGROUP INC. (1951350) acquires TRAVELERS CORPORATION (1246092) 1993-12-31 The acquired institution sold its assets to the acquiring institution. http://www.ffiec.gov/nicpubweb/nicweb/AcquisitionForm.aspx?parID_RSSD=1951350&parDT_END=99991231
 

1993-12-31 PRIMERICA CORPORATION was renamed to TRAVELERS INC..

1994

In accordance with the Maastricht
Treaty stage two began on january 1, 1994.

During this stage, the member states are to
make their central banks independent. As
part of the steps toward independence, central
banks are prohibited from providing overdraft
facilities to their governments and from
directly financing the government debt.

The European Monetary Institute (EMI)
began operations at the start of stage two.
It is charged with ensuring cooperation
between national central banks and strength­
ening the coordination of national monetary
policies. The EMI is also to begin prepara­
tions for a single currency and the conduct
of a single monetary policy. Perhaps most
importantly in this regard, it is to create
the instruments and procedures necessary
for the operation of a single European
monetary policy. Also, during stage two,
countries are to achieve further economic
convergence, as detailed by the criteria in
the Maastricht Treaty.

https://fraser.stlouisfed.org/files/docs/publications/frbslreview/rev_stls_199507.pdf 

EXHIBIT
NO. DESCRIPTION
- ------- ------------------------------------------------------------------------------------
<S> <C>
10.12+ Lehman Brothers Holdings Inc. 1994 Employee Stock Purchase Plan (incorporated by
reference to Exhibit 10.27 of the Registrant's Registration Statement on Form S-1
(Reg. No. 33-52977)).
10.13 Purchase and Exchange Agreement dated April 28, 1994, between the Registrant and
American Express Company (incorporated by reference to Exhibit 10.29 of the
Registrant's Transition Report Form 10-K for the Eleven Months ended November 30,
1994).
10.14 Option Agreement, dated May 27, 1994, by and among American Express Company,
American Express Bank Ltd., American Express Travel Related Services Company, Inc.,
Lehman Brothers Inc., Lehman Government Securities, Inc. and Lehman Commercial Paper
Incorporated (incorporated by reference to Exhibit 10.31 of the Registrant's
Transition Report Form 10-K for the Eleven Months ended November 30, 1994).
10.15+ Lehman Brothers Inc. Voluntary Deferred Compensation Plan (For Select Executives)
(incorporated by reference to Exhibit 10.33 of the Registrant's Registration
Statement on Form S-1 (Reg. No. 33-52977)).
10.16+ Lehman Brothers Inc. Voluntary Deferred Compensation Plan (For Transferred
Participants' Vested Amounts as of July 31, 1993) (incorporated by reference to
Exhibit 10.34 of the Registrant's Registration Statement on Form S-1 (Reg. No.
33-52977)).
10.17+ Lehman Brothers Inc. Executive and Select Employees Plan (For Transferred
Participants) (incorporated by reference to Exhibit 10.35 of the Registrant's
Registration Statement on Form S-1 (Reg. No. 33-52977)).
10.18+ Lehman Brothers Holdings Inc. Cash Award Plan. (incorporated by reference to Exhibit
10.36 of the Registrant's Transition Report on Form 10-K for the Eleven Months ended
November 30, 1994).
10.19 Amended and Restated Agreement of Limited Partnership of Lehman Brothers Capital
Partners III, L.P. (incorporated by reference to Exhibit 10.27 to the Registrant's
Annual Report on Form 10-K for the fiscal year ended November 30, 1995).
10.20 Agreement of Limited Partnership of Lehman Brothers Capital Partners IV, L.P.*
11.1 Computation of per share Earnings.*

https://www.sec.gov/Archives/edgar/data/806085/0000950123-98-002086.txt

CHAIRMAN LEVITT TO TESTIFY
Chairman Levitt is scheduled to testify on Wednesday, March 2, at 10:00 a.m. before the House Oversight and Investigations Subcommittee concerning the proposed mergerbetween Mellon Bank Corporation and Dreyfus Corporation and related functional regulation issues. The testimony will take place in Room 2123 of the Rayburn House Office Building.
EDGAR CONFERENCE AND ROUNDTABLE DISCUSSIONS SET FOR APRIL
An EDGAR Filer Conference has been scheduled for Monday, April 18, 1994. The conference will be held in room lC30 on the lower level of the SEC HeadquartersBuilding at 450 5th Street, N. W., in Washington, D. C. At the conference, the SEC will present the status of the project, a discussion of the Rules, and a demonstration of the new EDGARLink~ software, which will include support for handling Financial Data Schedules. You need not preregister for the conference, but you are advised to arrive early. The conference will begin at 9:00 a.m.
On the following day, April 19, the SEC will sponsor two special interest roundtable discussions at the same location. The morning discussion, which is scheduled to last from 9:00-12:00, is entitled FUTURE PROSPECTS FOR THE

https://www.sec.gov/news/digest/1994/dig022894.pdf

 

Wardell Lazard founder of WR Lazard & Co  found dead. NEW

On September 13, 1994, the Chairman of the Board of
Governors of the Federal Reserve System assumed the seat on
the Board of Directors of the Bank for International
Settlements (BIS) designated for the central bank of the
United States. The central bank of the United States has
had the right to be represented on the BIS's Board of
Directors since the BIS was established more than sixty
years ago. For a variety of reasons, however, the Federal
Reserve had, until this year, never exercised its right.
The Federal Reserve Board's decision to assume
representation on the BIS's Board was made in recognition
of the increasingly important role of the BIS as the
principal forum for consultation, cooperation, and
information exchange among central bankers and in
anticipation of a broadening of that role. Federal Reserve
membership on the BIS Board marks a new chapter in the
relationship of the Federal Reserve System with the BIS.
http://www.thefreelibrary.com/The+Bank+for+International+Settlements+and+the+Federal+Reserve.-a015850047  

1994 Member Central Banks of the Bank for International
Settlements Country Central bank

1. Australia Reserve Bank of Australia
2. Austria Austrian National Bank
3. Belgium National Bank of Belgium
4. Bulgaria Bulgarian National Bank
5. Canada Bank of Canada
6. Czech Republic Czech National Bank
7. Denmark National Bank of Denmark
8. Estonia Bank of Estonia
9. Finland Bank of Finland
10. France Bank of France
11. Germany German Bundesbank
12. Greece Bank of Greece
13. Hungary National Bank of Hungary
14. Iceland Central Bank of Iceland
15. Ireland Central Bank of Ireland
16. Italy Bank of Italy
17. Japan Bank of Japan
18. Latvia Bank of Latvia
19. Lithuania Bank of Lithuania
20. Netherlands The Netherlands Bank
21. Norway Central Bank of Norway
22. Poland National Bank of Poland
23. Portugal Bank of Portugal
24. Romania National Bank of Romania
25. Slovakia National Bank of Slovakia
26. South Africa South African Reserve Bank
27. Spain Bank of Spain
28. Sweden Bank of Sweden
29. Switzerland Swiss National Bank
30. Turkey Central Bank of the
31. Republic of Turkey
32. United Kingdom Bank of England
33. United States Federal Reserve System
34. Yugoslavia(1) National Bank of Yugoslavia

1994 Basis of
Member membership

Willem F. Duisenberg First European Bank President

Elected
President, The Netherlands Bank
Chariman, Board of Directors of the
BIS, and President of the BIS

Carlo Azeglio Ciampi Appointed
Former governor, Bank of Italy
Vice Chairman, Board of Directors
of the BIS

Urban Backstrom Elected
Governor, Bank of Sweden

Bernard Clappier Appointed
Former governor, Bank of France

Antonio Fazio Ex officio
Governor, Bank of Italy

Edward A. J. George Ex officio
Governor, Bank of England

Alan Greenspan Ex officio
Chairman, Board of Governors of the
Federal Reserve System

Lord Kingsdown Appointed
[formerly Robin Leigh-Pemberton]
Former governor, Bank of England

Markus Lusser Elected
President, Swiss National Bank

William J. McDonough Appointed
President, Federal Reserve Bank of
New York

Yasushi Mieno Elected
Governor, Bank of Japan

Helmut Schlesinger Appointed
Former president, German Bundesbank

Jean-Claude Trichet Ex officio
Governor, Bank of France

Hans Tietmeyer Ex officio
President, German Bundesbank

Gordon Thiessen Elected
Governor, Bank of Canada

Alfons Verplaetse Ex officio
Governor, National Bank of Belgium

Philippe Wilmes Appointed
Member of the board of regents,
National Bank of Belgium
http://www.thefreelibrary.com/The+Bank+for+International+Settlements+and+the+Federal+Reserve.-a015850047

1994 – Swiss Re
Launch of strategic alliance with Swiss Re.  
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

1995

1995 the take over

 

Beijing (China) Citibank representative office upgraded to branch  http://www.citi.com.cn/html/en/about_us/Our_history.html

 1995 – NAB
Takeover of Neue Aargauer Bank (NAB).
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

Kidder Peabody Group Inc. sold

1995-12-31 TRAVELERS INC. was renamed to TRAVELERS GROUP INC. and moved to 388 GREENWICH STREET NEW YORK, NY.CitiGroup FINANCIAL INFORMATION 1997

In 1995, First Chicago Corp. merged with NBD Bancorp., forming First Chicago NBD, the largest banking institution based in the Midwest.
http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history

1996

NEW In December 1996, a complaint seeking unspecified monetary damages was filed by
Orange County, California against numerous brokerage firms, including Smith
Barney, in the U.S. Bankruptcy Court for the Central District of California.
Plaintiff alleges, among other things, that defendants recommended and sold to
plaintiff unsuitable securities. The case (County of Orange et al v.
Bear Stearns & Co. Inc. et al.) has been stayed by agreement of the parties.   https://www.sec.gov/Archives/edgar/data/200245/0000950123-98-007476.txt 

1996 – Winterthur
Launch of strategic alliance with Winterthur Group. 1997 sees the merger of Credit Suisse Group with Winterthur.
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

100 LARGEST FDIC, FRB, AND OCC TRUST INSTITUTIONS

On March 31, 1996, The Chase Manhattan Corporation ("Old Chase") merged into Chemical Banking Corporation ("Chemical") (the "Merger"). Both Old Chase and Chemical were incorporated in Delaware. http://www.nyc.gov/html/tat/downloads/pdf/9999det0205.pdf 

The firm jointly leads the first “century” bond for a sovereign borrower – a 100-year, $100 million issue for the People’s Republic of China. https://www.jpmorgan.com/pages/company-history

In 1996, The Chase Manhattan Corp. merged with Chemical Banking Corp., under the name of The Chase Manhattan Corp., creating what was then the largest bank holding company in the United States. http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history

1997

  On November 28, 1997, a newly formed wholly owned subsidiary of
Travelers Group Inc. ("Travelers") was merged into Salomon Inc
("Salomon") and Salomon became a wholly owned subsidiary of Travelers.
Following this merger, Salomon and Smith Barney Holdings Inc. ("Smith
Barney") were merged (the "Merger") to form Salomon Smith Barney
Holdings Inc. ("SSBH" and, collectively with its subsidiaries, the
"Company"). The transaction was treated as a tax-free exchange.

The condensed consolidated statement of income for the three and six
months ended June 30, 1997 and the condensed consolidated statement of
cash flows for the six months ended June 30, 1997, give retroactive
effect to the Merger as a combination of entities under common control
in a transaction accounted for in a manner similar to a pooling of
interests. The pooling of interests method of accounting requires the
restatement of all periods presented as if Salomon and Smith Barney had
always been combined. Certain reclassifications have been made to
conform the accounting policies of Salomon and Smith Barney.
https://www.sec.gov/Archives/edgar/data/200245/0000950123-98-007476.txt

 

1997 – Credit Suisse Group
CS Holding becomes Credit Suisse Group, and begins operational activities on January 1, 1997. 
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html
 

Kevin J. Davis former  Citibank employee goes to work at    Office of Thrift Supervision OTS 

1997-11-26 TRAVELERS GROUP INC. changed from Domestic Entity Other to Savings & Loan Holding Company.

 NEW On November 28, 1997, a newly formed, wholly owned subsidiary of TRV merged
with and into Salomon Inc (Salomon) (the Salomon Merger). Under the terms of the
Salomon Merger, approximately 282.8 million shares (adjusted to reflect the
three-for-two stock split in May 1999) of Citigroup common stock were issued in
exchange for all of the outstanding shares of Salomon common stock. Thereafter,
Smith Barney Holdings Inc. (Smith Barney), a wholly owned subsidiary of
Citigroup, was merged with and into Salomon to form Salomon Smith Barney
Holdings Inc. (Salomon Smith Barney). The Salomon Merger was accounted for under
the pooling of interests method. https://www.sec.gov/Archives/edgar/data/831001/0001005477-00-002089.txt

 NEW  On July 1, 1997, Washington Mutual completed a merger of Great Western
Financial Corporation ("Great Western") into a wholly-owned subsidiary of
Washington Mutual and thereby acquired Great Western Bank ("GW Bank") and
Aristar. At September 30, 1997, Washington Mutual operated branches, primarily
in Washington, California, Oregon and Florida. In addition, Aristar operated
consumer finance offices in 23 states. At June 30, 1997, on a restated basis
with Great Western, Washington Mutual had total assets of $92.5 billion, total
deposits of $51.8 billion and stockholders' equity of $5.2 billion.                  https://www.sec.gov/Archives/edgar/data/933136/0000927087-97-000300.txt

1998

NationsBank acquires BankAmerica Corp to create the first coast-to-coast retail banking franchise - Bank of America  http://www.ustrust.com/ust/pages/about-us.aspx
 

1998: On November 30 Deutsche Bank announces the planned acquisition of Banker's Trust. It is the largest entry a German bank has ever made into the U.S. financial market. https://www.db.com/usa/content/en/Chronicles.html
 

Former  Citibank employee    Darina McKelvie Named Head of External Affairs at OTS

Salomon (NYSE:SB) was acquired by Travelers Group in 1998

Citicorp and Travelers Plan to Merge

1998-10-08 TRAVELERS GROUP INC. was renamed to CITIGROUP INC. and moved to 153 EAST 53RD STREET NEW YORK, NY and changed from Savings & Loan Holding Company to Bank Holding Company.

1998-10-08 COMMERCIAL CREDIT CORPORATION located at
BALTIMORE, MD was established as a Finance Company.

Citigroup Inc. was formed in October 1998 as a result of the merger between Citicorp and Travelers Group Inc. http://www.federalreserve.gov/boarddocs/press/bhc/1998/19980923/19980923.pdf  [see 1988]

Citigroup President, Heir Apparent to Top Job, Quits Abruptly

J.P. banks doing business in Russia RGAN IN RUSSIA

Citibank -The first international bank to offer integrated nationwide Renminbi (RMB) cash management
Opened Guangzhou branch 
http://www.citi.com.cn/html/en/about_us/Our_history.html

In 1998, Banc One Corp. merged with First Chicago NBD, under the name of Bank One Corp. After a subsequent merger, Bank One became the largest financial services firm in the Midwest, the fourth-largest bank in the U. S. and the world's largest Visa credit card issuer. http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history

In 1998, they [Mr and Mrs Sanford Weill] donated $100 million, after which medical college leaders renamed the institution Weill Cornell Medical College.  https://news.weill.cornell.edu/tags/joan-and-sanford-i-weill 

It's interesting to note how many bankers and stock holders set on hospital the boards and/or have their names on the biggest US hospitals.... I guess it would be a pro ,since banks can manipulate how 'funds [tax-payer money]' is spent.  jt  https://news.weill.cornell.edu/people/sanford-i-weill

1999

According to the Maastricht Treaty, stage
three must start by January 1, 1999.
The exact starting date will be deter­
mined as follows. By December 1996, an
inter-governmental conference comprised of
the leaders of the European Union countries
must meet to determine if EMU is ready to
commence. Prior to this meeting, the
European Commission and the EMI are
to issue reports detailing the progress
made by each country in meeting the
convergence criteria. These reports will
be sent to the Council of Ministers. The
Council of Ministers will use these reports
to determine:

Stage three will mark the final transition
to a full-fledged monetary union. At the
start of stage three, exchange rates between
member countries will be permanently fixed.
The governments of the member countries of
the monetary union, acting in consultation
with the European Commission and the
European Central Bank, will determine the
exchange rates at which currencies are to be
fixed. The determination of these fixed
exchange rates requires the unanimous con­
sent of the member states. As the final step
to EMU, individual currencies will be replaced
with a common currency. Monetary policy
decisions will be made by the independent,
supranational European Central Bank.

 https://fraser.stlouisfed.org/files/docs/publications/frbslreview/rev_stls_199507.pdf

BRUSS, ET AL. V. LEHMAN BROTHERS INC., ET AL. On January 25, 1999 a
purported class action complaint was filed in the Superior Court of New Jersey,
Law Division: Essex County on behalf of investors in certain specified limited
partnerships sponsored by Balcor and sold by various entities, including, among
others, Shearson and certain of its affiliates. After dismissal of Plaintiffs'
original complaint in September, 1999, Plaintiffs filed an amended complaint on
November 30, 1999. That complaint names as defendants LBI, various affiliates of
LBI, Smith Barney Holdings, Inc., Balcor, a number of Balcor-originated limited
partnerships and an individual and entities affiliated with Balcor. The
complaint alleges claims in connection with the marketing, sale and operation of
the limited partnerships for common law fraud and deceit, equitable fraud,
negligent misrepresentation, and violation of certain New Jersey statutes
relating to the sale of securities. The complaint seeks compensatory damages for
lost principal and interest, general damages and punitive damages, and costs and
attorneys' fees. LBI has moved to dismiss the amended complaint.

 

1999: On June 4 the acquisition of Bankers Trust is completed. https://www.db.com/usa/content/en/Chronicles.html

Gramm-Leach-Bliley Act 1999
 

1999-05-21 COMMERCIAL CREDIT CORPORATION was
renamed to CITIFINANCIAL SERVICES, INC..

 COMMERCIAL CREDIT CORPORATION name was changed to CITIFINANCIAL, INC. ,on 05-27-1999;Entity type: Foreign Corporation;Identification Number: 520278518; Date of Registration in Massachusetts: 09-27-1983 http://corp.sec.state.ma.us/CorpWeb/CorpSearch/CorpSummary.aspx?FEIN=520278518&SEARCH_TYPE=4

Note: COMMERCIAL CREDIT CORPORATION
Document Number139497
Date Filed 08/17/1940
Effective Date None
Status Inactive
VOLUNTARY DISSOLUTION 06/14/1947
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=COMMERCIALCREDIT%201394970&aggregateId=domp-139497-29bbea5d-84f6-4aad-8f1b-e7e4c468e1fb&searchTerm=COMMERCIAL%20CREDIT%20CORPORATION&listNameOrder=COMMERCIALCREDIT%201394970

HSBC expanded its presence in the United States

1999 The first international bank to establish a centralized customer service center (in China) http://www.citi.com.cn/html/en/about_us/Our_history.html

-The 1933 Glass-Steagall Act erected barriers keeping commercial banks separate from investment banks. Its restrictions were repealed in 1999.

End of an era for Goldman

 Edmond Safra billionaire banker ;At the time of his death, Safra  was selling his controlling stakes in both Safra Republic and Republic New York Corp. (RNB) -- banks he founded and often referred to as his "children" -- to Britain's HSBC Holdings for $3 billion.

1999-  HSBC to Pay $10.3 Billion For Republic New York Corp

1999- G-20   was founded

2000

PaineWebber will become an integral part of UBS Warburg. UBS to Merge with PaineWebber    NEW

 
UBS to Merge with PaineWebber
UBS will offer $73.50 per PaineWebber share valuing PaineWebber’s outstanding share capital at
$10.8 billion. The merger is recommended by the board of PaineWebber and supported by General
Electric
and Yasuda Mutual Life, PaineWebber’s two largest shareholders, who together account for
approximately 30% of the issued share capital.
PaineWebber will become an integral part of UBS Warburg. Combining UBS Warburg’s premium
content and global reach with PaineWebber’s private client franchise, and uniting the two highly
complementary institutional franchises creates a preeminent global investment services firm. UBS
Warburg will be one of the few financial institutions possessing top-class private, institutional and
corporate client franchises, across the world, served by a full range of content, products and services.
New York, 12 July 2000 – Marcel Ospel, President and CEO of UBS, and Donald B. Marron, Chairman
and CEO of PaineWebber, announced today that UBS and PaineWebber have entered into a definitive
merger agreement.
https://www.sec.gov/Archives/edgar/data/75754/000095015700000328/0000950157-00-000328-0002.pdf   NEW

In 2000, J.P. Morgan & Co. Incorporated merged with The Chase Manhattan Corp., effectively combining four of the largest and oldest money center banking institutions in New York City (J.P. Morgan, Chase, Chemical and Manufacturers Hanover) into one firm under the name of J.P. Morgan Chase & Co. http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history
 

2000-03-13 CITIGROUP INC. changed from Bank Holding Company to Financial Holding Company - Domestic.
2000-09-11 CITIGROUP INC. moved to 399 PARK AVENUE NEW YORK, NY.
http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=1951350&parDT_END=99991231

J.P. Morgan merges with The Chase Manhattan Corporation and is named JPMorgan Chase and Co. Four years later, the company merges with Bank One, creating a global financial services leader. 
https://www.jpmorgan.com/pages/company-history

2001

 American Patriots Act

On December 2, 2001, Enron and certain of its subsidiaries each filed a
voluntary petition for relief under chapter 11 of title 11 of the United States
Code in the United States Bankruptcy Court for the Southern District of New
York. Additional Enron subsidiaries have filed voluntary petitions since that
time. It is estimated that Enron had in excess of 2,500 subsidiaries prior to
its bankruptcy filing. Enron's bankruptcy was followed by the dismissal of its
auditors, Arthur Andersen LLP, investigations by numerous state and federal
agencies, and the filing of numerous law suits. A significant number of Enron
employees were terminated from their positions or left the company voluntarily
for employment elsewhere, and many Enron subsidiaries and assets have been sold,
wound down, and or closed. All these factors have caused significant disruption
at Enron and it is impossible to state with certainty what assets and
subsidiaries currently comprise the Enron group of companies. Nevertheless,
based on information obtained from Enron's corporate secretary and other
employees, Enron's bankruptcy counsel, Weil, Gotshal and Manges, LLP, and public
sources, Enron has been able to compile a list that is believed to be
substantially accurate. The list describes, to the best of Enron's knowledge,
all the companies which qualify as subsidiaries of Enron.

In addition, on November 29, 2001, and on various dates thereafter, certain
foreign affiliates of Enron in England went into administration. Shortly
thereafter, various other foreign affiliates also commenced (either voluntarily
or involuntarily) insolvency proceedings in Australia, Singapore, and Japan.
Additional filings have continued world-wide and insolvency proceedings for
foreign affiliates are continuing for various companies registered in Argentina,
Bahamas, Bermuda, Canada, the Cayman Islands, France, Germany, Hong Kong, India,
Italy, Mauritius, the Netherlands, Peru, Spain, Sweden, and Switzerland. Once a
foreign affiliate is placed into a foreign insolvency proceeding, control of the
foreign affiliate along with the management and distribution of its assets will
generally be transferred to an insolvency practitioner, such as an
administrator, receiver, or liquidator. Thus, commencement of most foreign
proceedings results in a loss of ultimate control by Enron and its subsidiaries
over the assets of the foreign affiliate. The foreign affiliates in insolvency
proceedings are indicated in the list. By including such companies in the list,
Enron does not concede that these companies are currently direct or indirect
Enron subsidiaries as such term is defined under Section 2(a)(8) of the Act.
ENRON CORP
 

FEDERAL RESERVE SYSTEM
The Chase Manhattan Bank
New York, New York
Order Approving the Merger of Banks
The Chase Manhattan Bank (AChase Bank@), a state member bank,
has applied under section 18(c) of the Federal Deposit Insurance Act (12 U.S.C.
' 1828(c)) (the "Bank Merger Act") to merge with Chase Bank of Texas B San
Angelo, National Association, San Angelo, Texas (“Chase Texas”). Chase Bank
would be the surviving institution.1
http://www.federalreserve.gov/boarddocs/press/bhc/2001/20010709/attachment.pdf

Bin Laden Family Could Profit From a Jump In Defense Spending Due to Ties to U.S. Bank

2001: On October 3 - three weeks after the terror attacks on September 11 - trading in the Deutsche Bank share starts on the New York Stock Exchange. https://www.db.com/usa/content/en/Chronicles.html

STATE OF NEW YORK INSURANCE DEPARTMENT
REPORT ON EXAMINATION OF THE FIRST CITICORP LIFE INSURANCE COMPANY AS OF DECEMBER 31, 2001 
http://www.dfs.ny.gov/insurance/exam_rpt/ny801c45.pdf

On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation, was renamed JPMorgan Chase Bank. https://www.sec.gov/Archives/edgar/data/1304428/000119312504164917/d305b2.htm

2002

NEW   7 banks found to help Enron disguise debt
FROM WIRE REPORTS |
JUL 24, 2002 AT 3:00 AM

WASHINGTON - Seven major investment banks gave Enron Corp. multimillion-dollar loans that helped the now-bankrupt company disguise its financial condition, and in some cases, they knew that Enron was using deceptive accounting for the loans, a Senate investigator testified yesterday.

Subcommittee investigators said Enron - struggling with a secretly crumbling balance sheet - obtained financing of $8.5 billion over nine years from Citigroup Inc. and J.P. Morgan Chase & Co., which took in hefty fees and interest payments.

Five other investment banks had similar investment deals with Enron totaling about $1 billion.

Shares of Citigroup Inc. and J.P. Morgan Chase & Co. plunged yesterday, erasing $58 billion in combined market value this week, as the banks disputed the allegations.

The investigative subcommittee of the Senate Governmental Affairs Committee reviewed a million pages of documents, most of them subpoenaed, and interviewed dozens of witnesses from Enron and its Wall Street investment banks.

Some banks actively aided Enron in its dodgy accounting in return for big fees and favors in other deals, investigator Robert L. Roach told a subcommittee hearing.

"The evidence indicates that Enron would not have been able to engage in the extent of the accounting deceptions it did, involving billions of dollars, were it not for the active participation of major financial institutions willing to go along with and even expand upon Enron's activities," Roach testified.

Some of the banks allowed investors to rely on Enron financial statements they knew were misleading, said Roach, a counsel for the subcommittee.

The banks used complex financial transactions to boost Enron's anemic cash flow to match its profit growth on paper, according to lawmakers.

The Houston energy-trading company recorded the money from the bank loans as prepaid trades of natural gas and other commodities with an entity based in the Channel Islands off Britain.

Roach said Citigroup , the nation's largest financial institution, and J.P. Morgan, also pitched the deals to other companies.

Citigroup "shopped" the Enron-style deals to 14 companies, selling them to at least three, Roach testified.

Enron, which filed for bankruptcy protection in December, taking the investments of millions of people with it, used a web of thousands of off-balance-sheet partnerships to hide about $1 billion in debt from investors and federal regulators.

If not for the deals with the banks, Enron's debt would have been $14 billion in 2000 rather than the $10 billion the company reported, and its cash flow would have been half of the $3.2 billion it reported, according to subcommittee investigators.

If the true picture had been known, it would have put downward pressure on Enron's stock price and on its ratings from agencies such as Moody's Investors Service and Standard & Poor's.

Officials of those agencies, testifying at yesterday's hearing, said they were unaware of the transactions with the banks and that Enron misled them and withheld information.

"Why didn't the watchdogs bark?" Democratic Sen. Joseph I. Lieberman of Connecticut asked the credit-rating officials.

In a 1998 e-mail, a J.P. Morgan Chase executive in Houston wrote, "Enron loves these deals."

Enron officials "are able to hide ... debt" from Wall Street analysts, he wrote.

Jeffrey Dellapina, a managing director of J.P. Morgan Chase at its New York headquarters, testified that the e-mail was "inaccurate."

Officials of the two financial companies denied any wrongdoing, saying lenders shouldn't be held responsible for how borrowers such as Enron recorded their loans.

The transactions were "standard practice in structured finance," said Dellapina.

Richard Caplan, managing director and co-head of the Credit Derivatives Group at Citigroup's Salomon Smith Barney subsidiary, said Enron financings were arranged for a top U.S. company, using a common structure approved by a leading accounting firm.

Bank officials stressed at the hearing that Enron's former auditor, Arthur Andersen, had approved the company's accounting of the transactions.

Before senators heard the testimony, they decried the wave of accounting scandals rocking investors' confidence and the markets.

Telecommunications giant WorldCom Inc. made the biggest bankruptcy filing in U.S. history Sunday, less than a month after disclosing that it had hidden nearly $4 billion in expenses through deceptive accounting.

"It's clear that Enron was not alone in shady financial dealings," said Republican Sen. Jim Bunning of Kentucky. "Americans across this country are watching their savings and their pensions dwindle."

Citigroup has called the transactions with Enron "entirely appropriate at the time based on what we knew and what we were told by Enron."

Robert S. Bennett, Enron's Washington attorney, has said the company will continue to cooperate with investigations by Congress, the Justice Department and the Securities and Exchange Commission, and that people should not "rush to judgment."

Yesterday Citigroup shares dropped $5.04, or nearly 16 percent, to $27, a three-year low. J.P. Morgan shares sank $4.44, or 18 percent, to $20.08, the lowest since January 1996.

"Any time you get tarred with the Enron name, you are going to get whacked," said David E. Nelson, who manages $450 million for Legg Mason American Leading Companies Trust Fund, which holds Citigroup and J.P. Morgan shares.

Besides Citigroup and J.P. Morgan Chase, subcommittee staff members said smaller deals worth $1 billion in total involved Credit Suisse Group Inc., Barclays PLC, FleetBoston Financial Corp., Royal Bank of Scotland Group PLC and Toronto-Dominion Bank.

Class action lawsuits filed this spring by Enron investors and former employees have named as defendants Citigroup, J.P. Morgan, Credit Suisse, Barclays and other leading banks, alleging that they schemed with former Enron executives to bilk investors out of tens of billions of dollars.

Bloomberg News contributed to this article.

https://www.baltimoresun.com/business/bal-bz.banks24sjul24-story.html

Sarbanes-Oxley Act of 2002

   2002 – New Organizational Structure   
Group organizational structure is streamlined to create two business units: Credit Suisse Financial Services and Credit Suisse First Boston. 
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

2003

  U.S. Securities and Exchange Commission Report of Investigation

 As of December 31, 2003, Bank One and its subsidiaries had 71,196 full time and part time employees with benefits. This figure does not include employees on long-term disability.                 https://www.sec.gov/Archives/edgar/data/727310/0000950112-94-001386.txt  NEW

2003: Deutsche Bank's US-headquarter moves to 60 Wall Street. The move is the result of an agreement between Deutsche Bank and the World Trade Center Job Creation and Retention program, which provides support for businesses relocating to Lower Manhattan.  https://www.db.com/usa/content/en/Chronicles.html

New Deal for Citi, Chinese Bank
May 28, 2003, 1:00 a.m. EDT 1 Min Read

Shanghai Pudong Development Bank announced Tuesday that Citibank has concluded an agreement to purchase a minority stake in the Chinese bank.

The agreement calls for Citibank Overseas Investment Corp. to pay $62.2 million for a 4.62% stake in Pudong Development, one of four listed banks in China.

In an initial deal reached late last year and unveiled this year, the Citigroup Inc. unit said it would pay about $72.5 million for a 5% stake. A rights issue offered by the Chinese bank around the time of that arrangement diluted Citibank's interest.

A spokeswoman for Citibank in Shanghai would not comment beyond Pudong Development's recent statements.

In Tuesday's announcement, the Chinese bank said that Citibank will buy 180 million nontradable shares from two state-owned holders: Shanghai State Asset Management Office and Shanghai Jiushi Group. The New York-based company will pay 37 cents a share.

Citibank has until the end of next month to complete its purchase of the stake, or the arrangement is void, Pudong Development said.

According to separate documents issued by the Chinese bank last month, Citibank has the right to buy up to 24.9% of Pudong Development between 2006 and 2008.

The U.S. bank has said it hopes the arrangement will help it to offer credit cards to Chinese consumers and lay the groundwork for further cooperation between the banks.

Citibank has done business in China since 1902 but has not established a very large toehold there, because the government has always curtailed the activities of foreign banks.

But that has not stopped Citi and its peers from trying to establish operations there. About a decade ago Citi and other U.S. companies began a genuine push in China. Last year Citi, along with some of its biggest foreign competitors, won the right to offer foreign currency transaction services to Chinese individuals and corporations.

The big opportunity may still be four years away. As a new member of the World Trade Organization, China has until 2006 to fully open its markets to foreign financial services organizations.

https://www.americanbanker.com/-198394-1.html
 

2004

What better way to control the stock market than owning the media that feeds the news to potential buyers, inside and outside the United States!?   jt

 

Bank 1 and JPMORGAN

James Dimon  EMPLOYMENT AGREEMENT

Morgan Guaranty Trust Company    

Meet the Un-Enron: Banking's Next Top Gun

----Acquisition of Washington Mutual Finance Corporation
On January 9, 2004, Citigroup acquired Washington Mutual Finance Corporation (WMF) for $1.25 billion. WMF was the consumer finance subsidiary of Washington Mutual, Inc. WMF provides direct consumer installment loans and real-estate-secured loans, as well as sales finance and the sale of insurance. The acquisition includes 427 WMF offices located in 26 states, primarily in the Southeastern and Southwestern United States. WMF has more than 2,300 employees and total assets of $3.8 billion. Citicorp has guaranteed all outstanding unsecured indebtedness of WMF in connection with this acquisition.
http://www.citigroup.com/citi/investor/data/q0401c.pdf

On January 14, 2004, J.P. Morgan Chase & Co. and Bank One entered into an agreement to merge Bank One into J.P. Morgan Chase. Bank One and J.P. Morgan Chase expect to complete the transaction in mid-2004.   https://www.sec.gov/Archives/edgar/data/727310/0000950112-94-001386.txt     NEW

On February 22, 2004, Citigroup and KorAm Bank announced that they, together with an investor consortium led by The Carlyle Group and JP Morgan Corsair II (the investor consortium), signed an agreement for Citigroup to acquire a controlling interest in KorAm. Based on 2003 revenues, KorAm Bank is the seventh-largest commercial bank in Korea, with 222 domestic branches and total assets of $35.9 billion.
http://www.citigroup.com/citi/investor/data/q0401c.pdf

--January 30, 2004   FEDERAL RESERVE SYSTEM
J.P. Morgan Chase & Co.
New York, New York
 
Order Approving Acquisition of a Savings Association

---March 26, 2004-  FEDERAL RESERVE SYSTEM
J. P. Morgan Chase & Co. New York, New York
Notice of Public Meetings
New York, New York Chicago, Illinois
Background and Public Meeting Notice
On February 9, 2004, J. P. Morgan Chase & Co., New York, New York (“JPMorgan Chase”), requested the Board’s approval under the Bank Holding Company Act (12 U.S.C. § 1841 et seq.) (“BHC Act”) to merge with Bank One Corporation, Chicago, Illinois (“Bank One”). The Board hereby orders that public meetings on the JPMorgan Chase/Bank One proposal be held in New York, New York, and Chicago, Illinois.

Effective July 1, 2004, Bank One Corporation (“Bank One”) merged with and into JPMorgan Chase & Co. (the “Merger”), pursuant to an Agreement and Plan of Merger dated January 14, 2004. As a result of the Merger, each outstanding share of common stock of Bank One was converted in a stock-for-stock exchange into 1.32 shares of common stock of JPMorgan Chase & Co. (“JPMorgan Chase” or the “Firm”). The Merger was accounted for using the purchase method of accounting. The purchase price to complete the Merger was $58.5 billion.   https://www.sec.gov/Archives/edgar/data/19617/000095012305002539/y05475e10vk.htm 

On July 1, 2004, Bank One Corporation merged with and into JPMorgan Chase. Accordingly, 2004 results include six months of the combined Firm’s results and six months of heritage JPMorgan Chase results. https://www.sec.gov/Archives/edgar/data/19617/000095012309003840/y74757e10vk.htm     NEW

--- FEDERAL RESERVE SYSTEM
Barclays Bank PLC London, England
FEDERAL RESERVE SYSTEM
Barclays Bank PLC London, England
Order Approving Notice to Engage in Activities  Complementary to a Financial Activity
Barclays Bank PLC (“Barclays”), a foreign bank that is treated as a financial holding company (“FHC”) for purposes of the Bank Holding Company Act (“BHC Act”), has requested the Board’s approval under section 4 of the BHC Act (12 U.S.C. § 1843) and the Board’s Regulation Y (12 C.F.R. Part 225) to engage in physical commodity trading in the United States. Barclays currently conducts physical commodity trading outside the United States.
 Complementary to a Financial Activity
Barclays Bank PLC (“Barclays”), a foreign bank that is treated as a financial holding company (“FHC”) for purposes of the Bank Holding Company Act (“BHC Act”), has requested the Board’s approval under section 4 of the BHC Act (12 U.S.C. § 1843) and the Board’s Regulation Y (12 C.F.R. Part 225) to engage in physical commodity trading in the United States. Barclays currently conducts physical commodity trading outside the United States.

---------------------------------------------------------------------------------------------

2004: Standing Up for Community Bankers
Virginia banker Elizabeth Duke becomes the first female ABA chairman. She would go on to serve on the Federal Reserve Board from 2007 to 2013.  https://www.aba.com/about-us/our-story/aba-history/2000-present

Enron litigation

Item 3: Legal proceedings

Enron litigation. JPMorgan Chase is involved in a number of lawsuits and investigations arising out of its banking relationships with Enron Corp. and its subsidiaries (“Enron”). A lawsuit in London by the Firm against Westdeutsche Landesbank Girozentrale (“WLB”) sought to compel payment of $165 million under an Enron-related letter of credit issued by WLB. WLB resisted payment on the grounds that the underlying pre-pay transaction, and its predecessors, were “disguised loans” and part of a

“fraudulent scheme to hide Enron’s debt.” The trial of that action was conducted in June and July 2004, and on August 3, 2004, the Court issued its decision in favor of JPMorgan Chase, finding that the Firm did not commit fraud and ordering WLB to pay the letter of credit in full. That order has become final.

Other actions involving Enron have been initiated by parties against JPMorgan Chase, its directors and certain of its officers. These lawsuits include a series of purported class actions brought on behalf of shareholders of Enron, including the lead action captioned Newby v. Enron Corp. The consolidated complaint filed in Newby names as defendants, among others, JPMorgan Chase; several other investment banking firms; a number of law firms; Enron’s former accountants and affiliated entities and individuals; and other individual defendants, including present and former officers and directors of Enron. It asserts claims against JPMorgan Chase and the other defendants under federal and state securities laws. The Newby trial is scheduled to commence in October 2006.

Additional actions include: a purported, consolidated class action lawsuit by JPMorgan Chase stockholders alleging that the Firm issued false and misleading press releases and other public documents relating to Enron in violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; putative class actions on behalf of JPMorgan Chase employees who participated in the Firm’s employee stock ownership plans alleging claims under the Employee Retirement Income Security Act (“ERISA”) for alleged breaches of fiduciary duties and negligence by JPMorgan Chase, its directors and named officers; shareholder derivative actions alleging breaches of fiduciary duties and alleged failures to exercise due care and diligence by the Firm’s directors and named officers in the management of JPMorgan Chase; individual and putative class actions in various courts by Enron investors, creditors and holders of participating interests related to syndicated credit facilities; third-party actions brought by defendants in Enron-related cases, alleging federal and state law claims against JPMorgan Chase and many other defendants; investigations by governmental agencies with which the Firm is cooperating; and several bankruptcy actions, including an adversary proceeding brought by Enron in bankruptcy court seeking damages for alleged aiding and abetting of breaches of fiduciary duty by Enron insiders, return of alleged fraudulent conveyances and preferences, and equitable subordination of JPMorgan Chase’s claims in the Enron bankruptcy.

WorldCom litigation. J.P. Morgan Securities Inc. (“JPMSI”) and JPMorgan Chase were named as defendants in more than 50 actions that were filed in U.S. District Courts, in state courts in more than 20 states, and in one arbitral panel beginning in July 2002, arising out of alleged accounting irregularities in the books and records of WorldCom Inc. Plaintiffs in these actions are individual and institutional investors, including state pension funds, who purchased debt securities issued by WorldCom pursuant to public offerings in 1997, 1998, 2000 and 2001. JPMSI acted as an underwriter of the 1998, 2000 and 2001 offerings. In addition to JPMSI, JPMorgan Chase and, in two actions, J.P. Morgan Securities Ltd. (“JPMSL”), in its capacity as one of the underwriters of the international tranche of the 2001 offering, the defendants in various of the actions include other underwriters, certain executives and directors of WorldCom, and WorldCom’s auditors. In the actions, plaintiffs allege that defendants knew, or were reckless or negligent in not knowing, that the securities were sold to plaintiffs on the basis of misrepresentations and omissions of material facts concerning the financial condition and business of WorldCom. The complaints against JPMorgan Chase, JPMSI and JPMSL assert claims under federal and state securities laws, under other state statutes and

under common-law theories of fraud and negligent misrepresentation. In the class action pending in the U.S. District Court for the Southern District of New York, which involves claims on approximately $15 billion of Worldcom bonds, the court denied summary judgment with respect to the alleged financial misrepresentation and certain alleged omissions claims, and trial is presently scheduled to commence in late March 2005.

Commercial Financial Services litigation. JPMSI (formerly known as Chase Securities Inc.) has been named as a defendant in several actions that were filed in or transferred to the U.S. District Court for the Northern District of Oklahoma in 1999, arising from the failure of Commercial Financial Services, Inc. (“CFS”). Plaintiffs in these actions are institutional investors who purchased approximately $1.3 billion (original face amount) of asset-backed securities issued by CFS. The securities were backed by charged-off credit card receivables. In addition to JPMSI, the defendants in various of the actions are the founders and key executives of CFS, as well as its auditors and outside counsel. JPMSI is alleged to have been the investment banker to CFS and to have acted as an initial purchaser and placement agent in connection with the issuance of certain of the securities. Plaintiffs allege that defendants knew, or were reckless or negligent in not knowing, that the securities were sold to plaintiffs on the basis of misleading misrepresentations and omissions of material facts. The complaints against JPMSI assert claims under the Securities Exchange Act of 1934, under the Oklahoma Securities Act and under common-law theories of fraud and negligent misrepresentation. Plaintiffs seek damages in the amount of approximately $1.8 billion, plus punitive damages and additional interest that continues to accrue, and attorney’s fees. CFS has commenced an action against JPMSI in Oklahoma state court and has asserted claims against JPMSI for professional negligence and breach of fiduciary duty. CFS alleges that JPMSI failed to detect and prevent its insolvency. CFS seeks damages of approximately $1.3 billion. CFS also has commenced, in its bankruptcy case, an adversary proceeding against JPMSI and its credit card affiliate, Chase Manhattan Bank USA, N.A., alleging that certain payments, aggregating $78.4 million, made in connection with CFS’s purchase or securitization of charged-off credit card receivables were constructive fraudulent conveyances, and it seeks to recover such payments and interest. A trial date on the adversary proceeding has been set for May 2005. The federal securities actions have been set for trial in July 2005.

IPO allocation litigation. Beginning in May 2001, JPMorgan Chase and certain of its securities subsidiaries were named, along with numerous other firms in the securities industry, as defendants in a large number of putative class action lawsuits filed in the U.S. District Court for the Southern District of New York. These suits purport to challenge alleged improprieties in the allocation of stock in various public offerings, including some offerings for which a JPMorgan Chase entity served as an underwriter. The suits allege violations of securities and antitrust laws arising from alleged material misstatements and omissions in registration statements and prospectuses for the initial public offerings (“IPOs”) and alleged market manipulation with respect to aftermarket transactions in the offered securities. The securities claims allege, among other things, misrepresentation and market manipulation of the aftermarket trading for these offerings by tying allocations of shares in IPOs to undisclosed excessive commissions paid to JPMorgan Chase and to required aftermarket purchase transactions by customers who received allocations of shares in the respective IPOs, as well as allegations of misleading analyst reports. The antitrust claims allege an illegal conspiracy to require customers, in exchange for IPO allocations, to pay undisclosed and excessive

Part I

commissions and to make aftermarket purchases of the IPO securities at a price higher than the offering price as a precondition to receiving allocations. The securities cases were all assigned to one judge for coordinated pre-trial proceedings, and the antitrust cases were all assigned to another judge. On February 13, 2003, the Court denied the motions of JPMorgan Chase and others to dismiss the securities complaints. On October 13, 2004, the Court granted in part plaintiffs’ motion to certify classes in six “focus” cases in the securities litigation, and the underwriter defendants have petitioned to appeal that decision. On February 15, 2005, the Court preliminarily approved a proposed settlement of plaintiffs’ claims against the issuer defendants in these cases. With respect to the antitrust claims, on November 3, 2003, the Court granted defendants’ motion to dismiss the claims relating to the IPO allocation practices, and that decision is on appeal. A separate antitrust claim alleging that JPMSI and the other underwriters conspired to fix their underwriting fees is in discovery.

Research analyst conflicts. JPMSI has been named as a co-defendant with nine other broker-dealers in a putative class action filed in federal court in Colorado, seeking an unspecified amount of money damages for alleged violations of federal securities laws related to analyst independence issues; and an action filed in West Virginia state court by West Virginia’s Attorney General, seeking recovery from the defendants in the aggregate of $5,000 for each of what are alleged to be hundreds of thousands of violations of the state’s consumer protection statute. On August 8, 2003, the plaintiffs in the Colorado action dismissed the complaint without prejudice. In West Virginia, the court denied defendants’ motion to dismiss, and defendants are pursuing an interlocutory appeal to the State Supreme court.

JPMSI was served by the SEC, NASD and NYSE on or about May 30, 2003, with subpoenas or document requests seeking information regarding certain present and former officers and employees in connection with an investigation focusing on whether particular individuals properly performed supervisory functions regarding domestic equity research. The regulators also raised issues regarding JPMSI’s document retention procedures and policies and pursued a books-and-records charge against it concerning e-mail that its heritage entities could not retrieve for the period prior to July 2001. JPMSI has negotiated an agreement that has been accepted by all of the regulators to settle this matter for a payment of a $2.1 million penalty without admitting or denying any allegations.

National Century Financial Enterprises litigation. JPMorgan Chase, JPMorgan Chase Bank, JPMorgan Partners, Beacon Group, LLC and three current or former Firm employees have been named as defendants in more than a dozen actions filed in or transferred to the United States District Court for the Southern District of Ohio (the “MDL Litigation”). In the majority of these actions, Bank One, Bank One, N.A., and Banc One Capital Markets, Inc. are also named as defendants. JPMorgan Chase Bank and Bank One, N.A. are also defendants in an action brought by The Unencumbered Assets Trust (“UAT”), a trust created for the benefit of the creditors of National Century Financial Enterprises, Inc. (“NCFE”) as a result of NCFE’s Plan of Liquidation in bankruptcy. These actions arose out of the November 2002 bankruptcy of NCFE. Prior to bankruptcy, NCFE provided financing to various healthcare providers through wholly-owned special-purpose vehicles, including NPF VI and NPF XII, which purchased discounted accounts receivable to be paid under third-party insurance programs. NPF VI and NPF XII financed the purchases of such receivables primarily through private placements of notes (“Notes”) to institutional investors and pledged the receivables for, among other

things, the repayment of the Notes. In the MDL Litigation, JPMorgan Chase Bank is sued in its role as indenture trustee for NPF VI, which issued approximately $1 billion in Notes. Bank One, N.A. is sued in its role as indenture trustee for NPF XII, which issued approximately $2 billion in Notes. The three current or former Firm employees are sued in their roles as former members of NCFE’s board of directors (the “Defendant Employees”). JPMorgan Chase, JPMorgan Partners and Beacon Group, LLC, are claimed to be vicariously liable for the alleged actions of the Defendant Employees. Banc One Capital Markets, Inc. is sued in its role as co-manager for three note offerings made by NPF XII. Other defendants include the founders and key executives of NCFE, its auditors and outside counsel, and rating agencies and placement agents that were involved with the issuance of the Notes. Plaintiffs in these actions include institutional investors who purchased more than $2.7 billion in original face amount of asset-backed securities issued by NCFE. Plaintiffs allege that the trustees violated fiduciary and contractual duties, improperly permitted NCFE and its affiliates to violate the applicable indentures and violated securities laws by (among other things) failing to disclose the true nature of the NCFE arrangements. Plaintiffs further allege that the Defendant Employees controlled the Board and audit committees of the NCFE entities; were fully aware or negligent in not knowing of NCFE’s alleged manipulation of its books; and are liable for failing to disclose their purported knowledge of the alleged fraud to the plaintiffs. Plaintiffs also allege that Banc One Capital Markets, Inc. is liable for cooperating in the sale of securities based on false and misleading statements. Motions to dismiss on behalf of the JPMorgan Chase entities, the Bank One entities and the Defendant Employees are currently pending. In the UAT action, JPMorgan Chase Bank and Bank One are sued in their roles as indenture trustees. Claims are asserted under the Federal Racketeer Influenced and Corrupt Organizations Act (“RICO”), the Ohio Corrupt Practices Act and various common-law claims. Responsive pleadings in the UAT action have not been filed.

Mutual fund Litigation: On June 29, 2004, Banc One Investment Advisors (“BOIA”) entered into a settlement with the New York Attorney General and the SEC related to alleged market timing in the One Group mutual funds. Under the settlement, BOIA paid $10 million in restitution and fee disgorgement plus a civil penalty of $40 million. BOIA also agreed to reduce fees over a five-year period in the amount of $8 million per year, consented to a cease-and-desist order and a censure, and agreed to undertake certain compliance and mutual fund governance reforms. Additionally, JPMorgan Chase, Bank One, and certain subsidiaries and officers have been named, along with numerous other entities related to the mutual fund industry, as defendants in private-party litigation arising out of alleged late trading and market timing in mutual funds. The actions have been filed in or transferred to U.S. District Court in Baltimore, Maryland. Certain plaintiffs allege that BOIA and related entities and officers allowed favored investors to market time and late trade in the One Group mutual funds. These complaints include a purported class action on behalf of One Group shareholders alleging claims under federal securities laws and common law; a purported derivative suit on behalf of the One Group funds under the Investment Company Act, the Investment Advisers Act and common law; and a purported class action on behalf of participants and beneficiaries of the Bank One Corporation 401(k) plan, alleging claims under the Employee Retirement Income Security Act. On September 29, 2004, certain other plaintiffs in the federal action in Baltimore, Maryland filed amended complaints which included JPMorgan Chase and JPMSI as defendants. The amended complaints allege that JPMorgan Chase and JPMSI, with several co-defendants including Bank of America,


Bank of America Securities, Canadian Imperial Commerce Bank, Bear Stearns and CFSB, provided financing to Canary Capital which was used to engage in the market timing and late trading. JPMorgan Chase and JPMSI are alleged to have financed knowingly the market timing and late trading by Canary Capital and Edward Stern, and knowingly to have created short-position equity baskets to allow Canary Capital to profit from trading in a falling market. On February 25, 2005, BOIA, JPMorgan Chase, JPMSI and other defendants filed motions to dismiss these actions.

Certain JPMorgan Chase subsidiaries have also received various subpoenas and information requests relating to market timing and late trading in mutual funds from various governmental and other agencies, including the SEC, the NASD, the U.S. Department of Labor, the Attorneys General of New York, West Virginia and Vermont, and regulators in the United Kingdom, Luxembourg, the Republic of Ireland, Chile and Hong Kong. The Firm is fully cooperating with these investigations.

On January 12, 2005, Bank One Securities Corporation (“BOSC”) entered into a settlement with the NASD pursuant to which BOSC was censured and agreed to pay a $400,000 fine for its alleged failure to implement adequate supervisory systems and written procedures designed to detect and prevent late trading of mutual funds, and for inaccurately recording the entry time for customer orders.

Bank One Securities Litigation. Bank One and several former officers and directors are defendants in three class actions and one individual action arising out of the mergers between Banc One Corporation (“Banc One”) and First Commerce Corporation (“First Commerce”), and Banc One Corporation and First Chicago NBD Corporation (“FCNBD”). These actions were filed in 2000 and are pending in the United States District Court for the Northern District of Illinois in Chicago under the general caption, In re Bank One Securities Litigation. The cases were filed after Bank One’s earnings announcements in August and November 1999 that lowered Bank One’s earnings expectations for the third and fourth quarters of 1999. Following the announcements, Bank One’s stock price had dropped by 37.7% as of November 10, 1999.

Two of these class actions were brought by representatives of FCNBD shareholders and Banc One shareholders, respectively, alleging certain misrepresentations and omissions of material fact made in connection with the merger between FCNBD and Banc One, which was completed in October 1998. There is also an individual lawsuit proceeding

in connection with that same merger. A third class action was filed by another individual plaintiff representing shareholders of First Commerce, alleging certain misrepresentations and omissions of material fact made in connection with the merger between Banc One and First Commerce, which was completed in June 1998. All of these plaintiff groups claim that as a result of various misstatements or omissions regarding payment processing issues at First USA Bank, N.A., a wholly-owned subsidiary of Banc One, and as a result of the use of various accounting practices, the price of Banc One common stock was artificially inflated, causing their shareholders to acquire shares of the Bank One’s common stock in the merger at an exchange rate that was artificially deflated. The complaints against Bank One and the individual defendants assert claims under federal securities laws. Fact discovery, with limited exceptions, closed in December 2003. The parties are in the middle of expert discovery, which is scheduled to close in the spring of 2005.

In addition to the various cases, proceedings and investigations discussed above, JPMorgan Chase and its subsidiaries are named as defendants in a number of other legal actions and governmental proceedings arising in connection with their respective businesses. Additional actions, investigations or proceedings may be brought from time to time in the future. In view of the inherent difficulty of predicting the outcome of legal matters, particularly where the claimants seek very large or indeterminate damages, or where the cases present novel legal theories, involve a large number of parties or are in early stages of discovery, the Firm cannot state with confidence what the eventual outcome of these pending matters will be, what the timing of the ultimate resolution of these matters will be or what the eventual loss, fines or penalties related to each pending matter may be. JPMorgan Chase believes, based upon its current knowledge, after consultation with counsel and after taking into account its litigation reserves, that the outcome of the legal actions, proceedings and investigations currently pending against it should not have a material adverse effect on the consolidated financial condition of the Firm. However, in light of the uncertainties involved in such proceedings, actions and investigations, there is no assurance that the ultimate resolution of these matters will not significantly exceed the reserves currently accrued by the Firm; as a result, the outcome of a particular matter may be material to JPMorgan Chase’s operating results for a particular period, depending upon, among other factors, the size of the loss or liability imposed and the level of JPMorgan Chase’s income for that period.

James Dimon
48 President and Chief Operating Officer. Prior to the Merger, he had been Chairman and Chief Executive Officer of Bank One Corporation since March 2000. Before joining Bank One Corporation, he had been a private investor from November 1998 until March 2000; President of Citigroup Inc. and Chairman and Co-Chief Executive Officer of Citigroup Inc. subsidiary Salomon Smith Barney Holdings, Inc. from October to November 1998; President and Chief Operating Officer of Travelers Group from November 1993 until October 1998.

Austin A. Adams
61 Chief Information Officer. Prior to the Merger, he had been Chief Information Officer of Bank One Corporation since March 2001. Before joining Bank One Corporation, he had been Chief Information Officer at First Union Corporation (now known as Wachovia Corp.) from 1985 until February 2001.

Steven B. Black
52 Co-Chief Executive Officer of the Investment Bank since March 2004, prior to which he had been Deputy Head of the Investment Bank since January 2001 and Head of Institutional Equities business since 2000. Prior to joining JPMorgan Chase in 2000, he had been Vice Chairman, Global Equities, Tax Exempt Securities and Securities Lending of Citigroup Inc. subsidiary, Salomon Smith Barney Inc.

William I. Campbell
60 Chairman of Card Services. Prior to the Merger, he had been Head of Card Services with Bank One Corporation since July 2003. He had been Senior Partner with Sanoch Management, LLC from January 2000 until July 2003, prior to which he had been Co-Chief Executive Officer of Global Consumer Business of Citigroup Inc. from January 1996 until December 1999.

Michael J. Cavanagh
38 Chief Financial Officer since September 2004, prior to which he had been Head of Middle Market Banking. Prior to the Merger, he had been Chief Administrative Officer of Commercial Banking from February 2003, Chief Operating Officer for Middle Market Banking from August 2003, Treasurer from 2001 until 2003, and Head of Strategy and Planning from May 2000 until 2001 at Bank One Corporation. Prior to joining Bank One Corporation, he held executive positions at Citigroup Inc. and its predecessor entities.

David A. Coulter
57 Chairman of West Coast Region since January 2005 and Head of Private Equity since March 2004. He had been Chairman of the Investment Bank and Head of Asset & Wealth Management from June 2002 until December 2004, prior to which he had been Head of Chase Financial Services from 2000 until 2002. Prior to joining JPMorgan Chase in 2000, he led the West Coast operations of The Beacon Group, prior to which he was Chairman and Chief Executive Officer of BankAmerica Corporation and Bank of America NT & SA.

John J. Farrell
52 Director Human Resources and Head of Security since September 2001.

Joan Guggenheimer
52 Co-General Counsel. Prior to the Merger, she had been Chief Legal Officer and Corporate Secretary at Bank One Corporation since May 2003. She had served in various positions with Citigroup Inc. and its predecessor entities from 1985 until 2003, and prior to joining Bank One Corporation was General Counsel of the Global Corporate and Investment Bank and also served as Co-General Counsel of Citigroup Inc.


Frederick W. Hill
54 Director of Corporate Marketing and Communications.

Samuel Todd Maclin
48 Head of Commercial Banking since July 2004, prior to which he had been Chairman and CEO of the Texas Region and Head of Middle Market Banking.

Jay Mandelbaum
42 Head of Strategy and Business Development. Prior to the Merger, he had been Head of Strategy and Business Development since September 2002 at Bank One Corporation. He had been Vice Chairman and Chief Executive Officer of the Private Client Group of Citigroup Inc. subsidiary Salomon Smith Barney, Inc. from September 2000 until August 2002 and Senior Executive Vice President of Private Client Sales and Marketing at Salomon Smith Barney, Inc. from August 1997 until August 2000.

William H. McDavid
58 Co-General Counsel. Prior to the Merger, he had been General Counsel.

Heidi Miller
51 Chief Executive Officer of Treasury & Securities Services. Prior to the Merger, she had been Chief Financial Officer at Bank One Corporation since March 2002. Prior to joining Bank One Corporation, she had been Vice Chairman of Marsh, Inc. from January 2001 until

10

Table of Contents

March 2002; Senior Executive Vice President, Chief Financial Officer and Head of Strategic Planning at Priceline.com from March until November 2000; Chief Financial Officer at Citigroup Inc. from 1998 until March 2000.

Charles W. Scharf
39 Head of Retail Financial Services. Prior to the Merger, he had been Head of Retail Banking from May 2002 prior to which he was Chief Financial Officer from June 2000 at Bank One Corporation. Prior to joining Bank One Corporation, he had been Chief Financial Officer at Citigroup Global Corporate and Investment Bank from 1998 until 2000.

Richard J. Srednicki
57 Chief Executive Officer of Card Services from July 2004 prior to which he was Executive Vice President of Chase Cardmember Services from 1999 until 2004.

James E. Staley
48 Global Head of Asset & Wealth Management since 2001. He had been Head of the Private Bank at J.P. Morgan & Co. Incorporated.

Don M. Wilson III
56 Chief Risk Officer. He had been Co-Head of Credit & Rates Markets from 2001 until July 2003, prior to which he headed the Global Trading Division.

William T. Winters
43 Co-Chief Executive Officer of the Investment Bank since March 2004, prior to which he had been Deputy Head of the Investment Bank and Head of Credit & Rate Markets. He had been Head of Global Markets at J.P. Morgan & Co. Incorporated.

Unless otherwise noted, during the five fiscal years ended December 31, 2004, all of JPMorgan Chase’s above-named executive officers have continuously held senior-level positions with JPMorgan Chase or its predecessor institutions, Bank One Corporation, J.P. Morgan & Co. Incorporated and The Chase Manhattan Corporation. There are no family relationships among the foregoing executive officers.
https://www.sec.gov/Archives/edgar/data/19617/000095012305002539/y05475e10vk.htm


 Alistair Wilson  Bank of Scotland shot to death on his doorstep   
NEW

 2005

 

TAX EXEMPT SECURITIES TRUST  2005   NEW

2005 – One Bank
Credit Suisse implements its One Bank strategy by merging its Credit Suisse legal entities in Switzerland with Credit Suisse First Boston. 
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

JPMorgan Chase & Co. New York, New York Order Approving Notice to Engage in
Activities Complementary to a Financial Activity

CITIGROUP INC. (1951350) acquires CITICORP (1042351) 2005-08-01 The acquired institution sold its assets to the acquiring institution.

CITIGROUP INC. (1951350) acquires CITIGROUP HOLDINGS COMPANY (2879844) 2005-08-01 The acquired institution sold its assets to the acquiring institution.

Seized documents point to Neftyanoi Bank money laundering role

JP Morgan Chase owned slaves  Today,the banks continue to keep black and white Americans slaves... by pitting one against the other. jt NEW

 

James Gottlieb

Arthur Zankel   player in the merger of Citibank and Travelers Group insurance company

 George Fisher Baker    

Mortgage Loan Sellers  JPMorgan etc  

Edouard Stern   French banker  murdered  (shot 3 times) 

2006

 On September 29, 2006, BlackRock, Inc. (“BlackRock” or the “Company”) completed the acquisition of Merrill Lynch Investment Managers (the “MLIM Business” or “MLIM”) and issued 52,395,082 shares of BlackRock common stock and 12,604,918 shares of series A participating preferred stock to Merrill Lynch & Co. (“Merrill Lynch”) in consideration for the MLIM Business (the “MLIM Transaction”). Total consideration issued to Merrill Lynch was $9,084, including capitalized transaction costs and net of cash acquired. The acquisition of the MLIM Business added to BlackRock’s existing investment management capabilities for retail and institutional investors through proprietary and third-party distribution channels globally. The acquired MLIM Business included equity, fixed income, cash management, indexed, enhanced index, balanced and alternative investment products, offered through vehicles such as mutual funds, non-registered investment management vehicles, privately managed investment accounts and retail and institutional separate accounts with approximately $589.2 billion in assets under management (“AUM”). In completing the MLIM Transaction, the Company expects, among other things, increased opportunities for growth as the result of broad investment and risk management capabilities and global scale; increased retail presence in the U.S. and a stronger reputation in Europe and Asia; and new opportunities for distributing BlackRock investment management products through access to Merrill Lynch’s distribution network.  https://www.sec.gov/Archives/edgar/data/1364742/000119312507266503/dex994.htm
 

NEW Transaction Agreement and Plan of Merger, dated February 15, 2006, by and among Merrill Lynch & Co., Inc., BlackRock Inc., New Boise, Inc. and Boise Merger Sub, Inc.
-4-     https://www.sec.gov/Archives/edgar/data/65100/000095012306002106/y17823e8vk.htm

During the third quarter of 2006, Merrill Lynch completed the merger of its Merrill Lynch Investment Managers business with BlackRock, Inc. Merrill Lynch recognized a gain associated with this merger along with other non-recurring expenses, collectively “Impact of BlackRock Merger”.  https://www.sec.gov/Archives/edgar/data/65100/000095012307002747/y29387exv99w1.htm

THE PNC FINANCIAL SERVICES GROUP, INC       NEW note: Pittsburgh National Corporation
The name "PNC" is derived from the initials of both of the bank's two predecessor companies: Pittsburgh National Corporation and Provident National Corporation

 EMERGENT BIOSOLUTIONS INC.  J.P. MORGAN SECURITIES INC.  NEW

  From Florida Corporation site sunbiz  

   2006 – New Integrated Bank     
Credit Suisse celebrates its 150th anniversary. At the same time it begins life as a globally integrated bank. In keeping with its new status it launches a new logo.  
https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html

 

CITIGROUP INC. (1951350) acquires  CITIBANK (WEST) BANCORP INC. (3158452) 2006-10-01 The acquired institution sold its assets to the acquiring institution.

CITIGROUP INC. (1951350) acquires CITIBANK (WEST) HOLDINGS INC. (3158395) 2006-10-01 The acquired institution sold its assets to the acquiring institution.

http://investor.shareholder.com/JPMorganChase/releasedetail.cfm?releaseid=216082

Andrei Kozlov (Sept) a Central Bank official who oversaw efforts to clean up the Russia's murky banking industry,murdered.

Gianmario Roveraro Italian banker murdered

NEW   ELEVENTH AMENDMENT TO THE CREDIT AGREEMENT

among

FORD MOTOR COMPANY,
The Subsidiary Borrowers from Time to Time Parties Thereto,

The Several Lenders from Time to Time Parties Thereto,
JPMORGAN CHASE BANK, N.A.,as Administrative Agent,

JPMORGAN CHASE BANK, N.A., acting through its Hong Kong Branch,

as RMB Administrative Agent,

and

BANCO BRADESCO S.A.,
as Brazilian Administrative Agent,

Dated as of December 15, 2006,
as Amended and Restated as of November 24, 2009,
and as further Amended and Restated as of April 30, 2014

J.P. MORGAN SECURITIES LLC,
as Bookrunner and Lead Arranger

BANCO BRADESCO S.A., BARCLAYS BANK PLC, BNP PARIBAS SECURITIES CORP., CITIGROUP GLOBAL MARKETS INC., COMMERZ MARKETS LLC, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK SECURITIES INC., GOLDMAN SACHS BANK USA, HSBC SECURITIES (USA) INC., INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH, LLOYDS SECURITIES INC., MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, MORGAN STANLEY MUFG LOAN PARTNERS LLC, RBC CAPITAL MARKETS, SUMITOMO MITSUI BANKING CORPORATION,
as Bookrunners and Lead Arrangers

BANCO BRADESCO S.A., BANK OF AMERICA, N.A., BARCLAYS BANK PLC, BNP PARIBAS, CITIBANK, N.A., COMMERZ MARKETS LLC, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, DEUTSCHE BANK SECURITIES INC., GOLDMAN SACHS BANK USA, HSBC SECURITIES (USA) INC., INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH, LLOYDS SECURITIES INC., MORGAN STANLEY MUFG LOAN PARTNERS LLC, ROYAL BANK OF CANADA, SUMITOMO MITSUI BANKING CORPORATION,
as Co-Syndication Agents

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH
as RMB Syndication Agent

ELEVENTH AMENDMENT dated as of April 30, 2015 (this “Amendment Agreement”) to the Credit Agreement dated as of December 15, 2006, as amended and restated as of November 24, 2009 and as further amended and restated as of April 30, 2014 (as further amended, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”) among Ford Motor Company (the “Company”), the Subsidiary Borrowers (as defined in the Existing Credit Agreement) from time to time party thereto, the several lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), Banco Bradesco S.A., as Brazilian Administrative Agent (the “Brazilian Administrative Agent”), JPMorgan Chase Bank, N.A., acting through its Hong Kong Branch, as RMB Administrative Agent (the “RMB Administrative Agent”), and the other agents parties thereto. Unless otherwise defined herein, terms defined in the Credit Agreement (as defined below) and used herein shall have the meanings given to them in the Credit Agreement.
ELEVENTH AMENDMENT-JPMorgan -Ford   NEW

2006- SUPPLEMENTARY CUSTODIAN AGREEMENT jpm Hong Kong bankS

SUPPLEMENTARY CUSTODIAN AGREEMENT  NEW
IN RESPECT OF QFII SERVICES

THIS AGREEMENT is made the 21st day of September Two Thousand and Six

BETWEEN

(1) THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, a company
incorporated in Hong Kong and having its principal place of business at
1 Queen's Road Central, Hong Kong (the "BANK");

(2) MORGAN STANLEY INVESTMENT MANAGEMENT INC., a company incorporated in
the State of Delaware and having its principal place of business at
1221 Avenue of the Americas, New York, New York 10020 ("MSIM" or the
"QFII APPLICANT");

(3) MORGAN STANLEY CHINA A SHARE FUND, INC., a corporation organized under
the laws of the State of Maryland (the "FUND"); and

(4) JPMORGAN CHASE BANK, N.A., a national banking association and having a
principal place of business at 1 Chase Manhattan Plaza, New York, New
York 10081 (the "GLOBAL CUSTODIAN").
https://www.sec.gov/Archives/edgar/data/1368493/000095013606008046/file7.htm

2007

 2007: A United Voice
ABA merges with America’s Community Bankers, creating a unified voice in Washington representing banks of all sizes and charters as well as the vast majority of the banking industry’s total assets.
https://www.aba.com/about-us/our-story/aba-history/2000-present

JP MORGAN CHASE 2007  JPMorgan Chase & Co.  List of subsidiaries    NEW

_______________________________________________________________________

NEW YORK (August 1, 2007) ( Dow Jones & Company (NYSE: DJ) and News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) announced today that they have signed a definitive merger agreement under which News Corporation will acquire Dow Jones in a transaction valued at approximately $5.6 billion.   NEW

NOTE:  Goldman, Sachs & Co. served as financial advisor to Dow Jones and Fried, Frank, Harris, Shriver & Jacobson LLP provided legal counsel to Dow Jones. Simpson Thacher & Bartlett LLP provided legal counsel to the non-family members of Dow Jones’ board of directors. Merrill Lynch & Co. acted as financial advisor to certain trusts for the benefit of the Bancroft family. Wachtell Lipton Rosen & Katz provided legal counsel to the Bancroft family. JPMorgan, Allen & Company and Centerview Partners served as financial advisors to News Corporation, and Skadden, Arps, Slate, Meagher & Flom LLP and Hogan & Hartson LLP provided legal counsel to News Corporation.  https://www.sec.gov/Archives/edgar/data/29924/000134100407002242/ex99-1.htm

___________________________________________________________

2007-The number of state banks increased from  246 [in 1815] to 21725 . The following is a list of all banks in the state of "All States" with ratings as listed.  http://apps.occ.gov/toolkit/crareslt.aspx     

2007- Bank of America acquires U.S. Trust      http://www.ustrust.com/ust/pages/about-us.aspx 

NOTE:   Bank of America, N.A. and U.S. Trust Company of Delaware (collectively the "Bank") do not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking, custody or brokerage products/services or referrals to other affiliates of the Bank.  http://www.ustrust.com/ust/pages/about-us.aspx 
 
 2007 – Clariden Leu Merger of the four independent Credit Suisse private banks, Clariden, Bank Leu, Bank Hofmann, and Banca di Gestione Patrimoniale to form Clariden Leu.  
 https://www.credit-suisse.com/us/en/about-us/who-we-are/history/milestones.html                  

“Citigroup” means Citigroup Inc., a corporation duly organized and validly existing under the laws of the State of Delaware, United States.   [Bank of Chile]    

CITIGROUP INC. (1951350) acquires CITIGROUP JAPAN INVESTMENTS LLC (3609114) 2007-07-05 The acquired institution sold its assets to the acquiring institution.

--January 22, 2007 01:00 AM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--Citigroup announced today that it will acquire ABN AMRO Mortgage Group (AAMG), a national originator and servicer of prime residential mortgage loans. Citigroup will purchase approximately $9 billion in net assets and ABN AMRO Mortgage Group’s approximately $224 billion mortgage servicing portfolio. ABN AMRO Mortgage Group’s primary originations business is via wholesale lending under the InterFirst brand. ABN AMRO Mortgage Group is a subsidiary of LaSalle Bank Corporation and ABN AMRO Bank N.V. and is headquartered in Ann Arbor, Michigan. Terms of the transaction were not disclosed.

Citigroup, the leading global financial services company, has some 200 million customer accounts and does
business in more than 100 countries, providing consumers, corporations, governments and institutions with a
broad range of financial products and services, including consumer banking and credit, corporate and investment
banking, securities brokerage, and wealth management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com
 http://www.businesswire.com/news/home/20070121005082/en/Citigroup-Acquire-ABN-AMRO-Mortgage-Group#.VLPY7XTna00

MELLON INVESTMENTS CORPORATION   NEW

--2007: Bank of America acquires U.S. Trust http://www.ustrust.com/ust/pages/about-us.aspx

-Abu Dhabi Investment Authority invested $7.5 billion in Citigroup Inc. The fund, known as ADIA, agreed to buy the equivalent of 4.9 percent of Citigroup. A year later Citibank was bailed out at the cost of $45 billion to the American tax payers.

Olivant Advisors Ltd - Statement re Northern Rock  [see 2008 Kirk Stephenson]

Keith Gores  Banking executive ,vice president at Marshall & Ilsley Bank  

WHEELING PITTSBURGH CORPORATION AND ESMARK   MERGE

2008

2008: The Onset of the Great Recession
Major upheaval hits the financial sector, causing the biggest stock market declines and widespread economic damage since the Great Depression. The Federal Reserve and the Treasury Department engineer financial rescues for several nonbank financial companies implicated in the housing bust—Bear Stearns and Merrill Lynch are sold with federal assists, AIG receives a bailout and Fannie Mae and Freddie Mac are nationalized, with their liabilities assumed by taxpayers. The biggest upheaval follows the failure of investment bank Lehman Brothers in September, which causes a major credit crunch and runs even on safe assets such as money market funds. Washington Mutual collapses and becomes the nation’s largest-ever bank failure. Congress approves a $700 billion rescue package for the financial sector, and the Treasury forces even healthy banks to take the Troubled Asset Relief Program funds to help boost confidence in the banking sector, which will by 2014 net taxpayers a $29.5 billion profit.
https://www.aba.com/about-us/our-story/aba-history/2000-present

Bailed out banks

2008-The Federal Reserve Bank of New York’s $30 billion special financing associated with the transaction has also been amended so that JPMorgan Chase will bear the first $1 billion of any losses associated with the Bear Stearns assets being financed and the Fed will fund the remaining $29 billion on a non-recourse basis to JPMorgan Chase. https://www.sec.gov/Archives/edgar/data/19617/000089882208000320/pressrelease.htm   NEW

THE BEAR STEARNS COMPANIES INC.

 

Citigroup, Merrill Receive $21 Billion From Investors (Update3)

By Yalman Onaran - January 15, 2008 16:11 EST

Jan. 15 (Bloomberg) -- Citigroup Inc. and Merrill Lynch & Co., two of the largest financial institutions in the U.S., turned to outside investors for a second time in two months to replenish capital eroded by subprime-mortgage losses.

Citigroup, the biggest U.S. bank, is getting $14.5 billion from investors including the governments of Singapore and Kuwait, former Chairman Sanford Weill and Saudi Prince Alwaleed bin Talal, the New York-based company said today in a statement. Merrill, the largest brokerage, will receive $6.6 billion from a group led by Tokyo-based Mizuho Financial Group Inc., the Kuwait Investment Authority and the Korean Investment Corp.

Wall Street banks have raised $59 billion, mostly from investors in the Middle East and Asia, to shore up balance sheets battered by more than $100 billion of writedowns from the declining values of mortgage-related assets. Citigroup was propped up in November by a $7.5 billion investment from the Abu Dhabi Investment Authority . New York-based Merrill was helped by a $5.6 billion cash infusion last month from Singapore's Temasek Holdings Pte. and U.S. fund manager Davis Selected Advisors LP.

``The only reason the banks are raising capital from the Middle East and Asia is because those are the only people who have the excess capital to lend,'' said Jon Fisher, who helps oversee $22 billion at Minneapolis-based Fifth Third Asset Management, which holds shares of Citigroup and Merrill. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anjGWhqi0PSE

In 2008, JPMorgan Chase & Co. acquired The Bear Stearns Companies Inc., strengthening its capabilities across a broad range of businesses, including prime brokerage, cash clearing and energy trading globally.
Also in 2008, JPMorgan Chase & Co. acquired the deposits, assets and certain liabilities of Washington Mutual's banking operations. This acquisition expanded Chase's consumer branch network into California, Florida and Washington State and created the nation's second-largest branch network — with locations reaching 42% of the U.S. population.
http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history

On September 25, 2008, JPMorgan Chase acquired the banking operations of Washington Mutual Bank.

On May 30, 2008, the Bear Stearns merger was consummated. Each of these transactions was accounted for as a purchase and their respective results of operations are included in the Firm’s results from each respective transaction date. For additional information on these transactions, see Note 2 on pages 123-128.
https://www.sec.gov/Archives/edgar/data/19617/000095012309003840/y74757e10vk.htm  
 

2008: J.P. Morgan plays an important role in helping manage the credit crisis through the acquisition of Bear Stearns. https://www.jpmorgan.com/pages/jpmorgan/emea/uk/about/history
 

AGREEMENT AND PLAN OF MERGER      [by and among
COUNTRYWIDE FINANCIAL CORPORATION, BANK OF AMERICA CORPORATION
and RED OAK MERGER CORPORATION
 

  http://www.sec.gov/divisions/investment/noaction/2008/russellinvestmentco102008.pdf      [see 2014 death  Mike Dueker]

 JPMorgan Chase & Co. acquires The Bear Stearns Companies Inc., strengthening its capabilities across a broad range of businesses, including prime brokerage, cash clearing and energy trading globally.   https://www.jpmorgan.com/pages/company-history

-ProLogis to Participate in Citigroup's 2008 Global Property CEO Conference.

-Citibank was bailed out at the cost of $45 billion to the American tax payers.

-On September 21, 2008, Goldman Sachs and Morgan Stanley, the last two major investment banks in the United States, both confirmed that they would become traditional bank holding companies, bringing an end to the era of investment banking on Wall Street.The Federal Reserve's approval of their bid to become banks ended the ascendancy of the securities firms, 75 years after Congress separated them from deposit-taking lenders, and capped weeks of chaos that sent Lehman Brothers into bankruptcy and led to the rushed sale of Merrill Lynch & Co. to Bank of America Corp.

--- This action arises out of improper accounting  practices at The BISYS Group, Inc.

 NEWOn September 25, 2008, JPMorgan Chase acquired the banking operations of Washington Mutual Bank.  On September 25, 2008, Washington Mutual Bank was closed by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation was named receiver. Subsequent to the closure, JPMorgan Chase acquired the assets and most of the liabilities, including covered bonds and other secured debt, of Washington Mutual Bank from the FDIC as Receiver for Washington Mutual Bank. Any claims by equity, subordinated and senior unsecured debt holders were not acquired.

There was no publicly-owned stock in Washington Mutual Bank. If you are an equity shareholder, your shares are in Washington Mutual, Inc., the holding company for Washington Mutual Bank, and not the Bank. Washington Mutual, Inc., and the interests of equity, debt holders or other creditors of Washington Mutual, Inc., are not included in the closure or receivership of the Bank. Washington Mutual, Inc. filed for bankruptcy protection on Friday, September 26th. Please contact Washington Mutual, Inc. directly for information about this bankruptcy proceeding.

If you hold senior unsecured debt or subordinated debt, your claim with the Receiver has already been registered by virtue of bond ownership and there is no need for you to make an additional claim. If the ownership of the bond changes, the claim against the Receiver will follow the ownership of the bond. Please note that under federal law, 12 U.S.C. § 1821(d)(11), claims by subordinated debt holders are paid only after all claims by general creditors of the institution. At this time, the FDIC as Receiver for Washington Mutual Bank does not anticipate that subordinated debt holders of the bank will receive any recovery on their claims.

Other claims against Washington Mutual Bank, together with proof of the claims, must be submitted in writing to the Receiver at the following address:

FDIC as Receiver of Washington Mutual Bank
1601 Bryan Street, Suite 1410
Dallas, TX 75201-3479
Attention: Claims Agent

(888) 206-4662
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu.html#possible_claims 


On May 30, 2008, the Bear Stearns merger was consummated. Each of these transactions was accounted for as a purchase and their respective results of operations are included in the Firm’s results from each respective transaction date. For additional information on these transactions, see Note 2 on pages 123-128.
https://www.sec.gov/Archives/edgar/data/19617/000095012309003840/y74757e10vk.htm   
 

JPMORGAN CHASE ACQUIRES THE DEPOSITS, ASSETS AND CERTAIN   ASSETS AND CERTAIN

LIABILITIES OF WASHINGTON MUTUAL’S BANKING OPERATIONS  

JPMORGAN  acquisition of Washington Mutual

Kirk Stephenson   millionaire financier ;  chief operating officer of   Olivant Advisers . 2.5 per cent stake in Swiss banking giant UBS (Swiss Bank Corporation). There has been persistent speculation in the financial world that UBS has written off billions after being exposed to the US mortgage market.

Christen Schnor    top  HSBC banker  (The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China)

Thierry Magon de la Villehuchet   the former CEO of Credit Lyonnais Securities    .(The company Access International Advisors and Marketers (AIA Group) was co-founded in 1994 by French bankers, yachtsman René-Thierry Magon de la Villehuchet and Patrick Littaye. Philippe Junot, the first husband of Princess Caroline of Monaco, was a partner of the company.)

Barry Fox  Bear Stearns manager

2008 - 2008 LIST OF SUBSIDIARIES OF JPMORGAN CHASE & CO    NEW


NEW
18 November 2008
THE EXECUTIVE BOARD CONFIDENTIAL
VULNERABILITIES IN THE CENTRAL AND EASTERN EUROPEAN MEMBER
STATES
On 20 October 2008 the Governing Council adopted a policy position with regard to the Eurosystem’s
provision of liquidity assistance to non-euro area EU countries. Given the increasing requests for such
assistance, there is a need to assess to which extent Central and Eastern European EU Member States
(hereafter CEE countries) are vulnerable to a potential dry-out of capital inflows.
A potential “sudden
stop” in capital flows would have a substantial impact on the CEE economies, given their dependence on
external financing and, in some cases, large external indebtedness. In some countries, risks also stem from
an already ongoing and strong macroeconomic and asset price correction that is starting to put pressure on
their banking systems. The vulnerability of the countries depends in many cases on the extent to which
foreign parent bank funding will help to ensure continued access to liquidity in case of a “sudden stop” in
other capital inflows. As a share of GDP, funding needs are particularly high in Latvia. Vulnerabilities not
only stem from large current account deficits, but also from high degrees of external indebtedness
). Moreover, countries with large shares of
debt denominated in foreign currency, particularly the , may also be
relatively vulnerable to a “sudden stop. In case of an actual “sudden stop”, the external financing need
will have to be met by some combination of domestic adjustment, private external financing and official
support.
It concludes that through the strategy of pegging and the de facto euroisation the Baltics
have created a very difficult situation in which no ideal policy option exists. At this stage, the preferred
option seems to be to maintain the current monetary policy framework for now. However, the current
system can only be successfully pursued if it is further supported with concrete, credible and very
ambitious policy commitments that speed up the necessary domestic adjustment. The ECB’s policy line
has always been that currency board or unilateral pegs by third countries are not backed in any way by
policy commitments from the ECB.
The Governing Council is invited to exchange views on these notes. ECB-PUBLIC
https://www.ecb.europa.eu/ecb/access_to_documents/document/pa_document/shared/data/ecb.dr.par2021_0002_EB_proposal_Vulnerabilities_Central_Eastern_European18102008.en.pdf?5e6d56dcbce2985e960b7adcdd3ab021

2009

NEW   Citi sells Smith Barney, old Philly name; seeks subprime exit: UPDATE
Citigroup is turning its Smith Barney brokerage (which traces its roots to Philadelpia) over to its rivals at Morgan Stanley and may sell its subprime-lending arm, Citifinanciall, too.

by Joseph N. DiStefano
Published Jan 13, 2009
It's official: Citigroup is turning control and majority ownership of its Smith Barney brokerage over to rival Morgan Stanley for $2.7 billion. Statement here.

Citi's also looking to unload founder Sandy Weill's old Citifinancial stores, which lend money to poor people at high rates of interest (the one in PhillyDeals' neighborhood recently closed, which may be a good sign, or a very alarming one.) CEO Vikram Pandit "is unraveling his empire to save his bank" says Bloomberg News here. (Link updated)

Smith Barney is an old Philadelphia name. How do we figure? Writes Charlie Godwin, svp at Farr Miller & Washington's Wayne office, who ran Smith Barney's Washington DC branch in the 1980s:
:
"Smith Barney traces its origins back to Philadelphia where Jay Cooke (created the bond sales force) to help finance the Union cause in the Civil War. They were primarily an institutional firm unitl the 1976 merger with Harris Upham. It was a fine, high quality firm with wonderful roots right here.

" In the early '80s they made a brilliant move and had John Houseman do their TV ads. Jerry Tsai bought the firm in the late '80s and ultimately sold to Weill, who kept the name as he made multiple acquisitions.

"It had a great name and history until they put it on steriods."

https://www.inquirer.com/philly/blogs/inq-phillydeals/Citi_sells_Smith_Barney_old_Philly_name_seeks_subprime_exit.html

NEW Saying Goodbye to Smith Barney
Joshua Brown
Joshua BrownContributor
Investing
I cover markets, media, technology, investing and economics

This article is more than 8 years old.

As part of my research for my book, Backstage Wall Street, I delved deep into the history and folklore of Wall Street. I learned all sorts of amazing things about the financial institutions that have shaped the way America has lived and carried on business these past few hundred years. Of all the firms I read about and researched, almost none were quite as storied and embedded in the firmament as was Smith Barney, a brand that has just been buried today with the below press release from Morgan Stanley, its pallbearer:

Morgan Stanley (NYSE: MS) today announced that its U.S. wealth management business, Morgan Stanley Smith Barney, has been renamed Morgan Stanley Wealth Management (MSWM).

Morgan Stanley Wealth Management is an industry leader, managing $1.7 trillion in client assets through a network of 17,000 representatives in 740 locations. Morgan Stanley on September 11 announced an agreement with Citigroup to increase its majority ownership of MSWM such that Morgan Stanley will assume full control by June of 2015, subject to regulatory approval. The business was formed in 2009 as a joint venture between Morgan Stanley and Citi’s Smith Barney.

“Today, as we move under one name, we are culminating a three-year effort to integrate two outstanding franchises,” said James Gorman, Chairman and Chief Executive Officer of Morgan Stanley. “The Smith Barney name stood for investment excellence for three-quarters of a century, and Morgan Stanley Wealth Management will provide the first-class service that has distinguished Morgan Stanley as a firm for more than 75 years. Going forward, we remain focused on being the world’s premier wealth management group.”

Before we shovel the dirt on, however, let's take a moment to reflect on the name that will now be lost to history...

The first person you should be aware of is the legendary financier Jay Cooke, a treasury bond salesman whose efforts helped fund the Union army during the civil war. Cooke eventually went broke through excess speculation (sound familiar?) and this actually caused the major Panic of 1873. But Cooke had a nephew named Charles Barney who would set up his own eponymous brokerage at the end of that year, in Philadelphia of all places - decades before Morimoto or Budokan would open their restaurant doors in that heathen outpost of a town. Anyway, 20 years later another Philadelphian financier, Edward Smith, would found an investment bank across town.

One of Barney's daughters marries a man named J. Horace Harding who eventually takes the chairmanship from his father-in-law and the company's begins an ambitious growth phase. At the same time, Edward Smith consolidates power around his firm's corporate relationships - he serves on the board of more than 40 large companies and is ostensibly in business with all of them.

Over the next 30 years the two firms grew quickly and expanded, first into New York via seat purchases on the NYSE and later into the midwest as several high profile competitor firms went bust and divested themselves to Barney & Co and to Smith's firm. Then the Depression hits and Edward Smith & Co falls on tough times. The company has a cash crunch in 1937 and it merges with Barney's brokerage firm. The combined firm, Smith, Barney & Co will have over 700 employees and it will turn its back on dealings with the general public in favor of a more institutional and high net worth focus.

Smith Barney logo with its common tagline "They make money the old-fashioned way. They earn it"... [+]
Charles Barney's grandson, Charles Barney Harding comes in and takes control in the 1940's. The company will spend much of the 50's and 60's doing private placements, large-scale corporate M&A and underwriting business. In the 1970's Smith Barney discovers it has a talent for both asset management and funds along with retail brokerage. By 1979 the TV commercials begin ("They make money the old fashioned way - they earn it") and Smith Barney develops into a true bulge bracket firm with all the boxes checked off.

The 1980's and 1990's will bring plenty of tumult in terms of ownership, as Arabian princes, Primerica, Shearson and others will bat the company around like kittens in a box with a ball of string. Ultimately, Smith Barney becomes a wholly-owned subsidiary of Sandy Weill's Citigroup-Travelers Frankenstein and then sold off in pieces beginning with a Financial Crisis-driven joint venture with Morgan Stanley in 2008. Citi needed cash and Morgan needed to be seen doing something opportunistic and aggressive, from that standpoint it worked out.

But the painful process of integration has been a nightmare. Brokers are streaming out the door or talking anonymously with reporters about technology glitches, personnel disruptions and management shakeups in a way they'd never been so willing to before.

And so the jury is definitely still out on the whole thing. But the death of the Smith Barney name certainly deserved some attention and a salute. So I obliged.
https://www.forbes.com/sites/joshuabrown/2012/09/25/saying-goodbye-to-smith-barney/?sh=4dd17515d199


 

 

 

Alan Grayson on the Worst Deal Since Manhattan Was Sold for $24 in Trinkets
143,968 views•Feb 11, 2009

Alan Grayson
13K subscribers

This hearing took place on 2/11/09, featuring eight major Wall Street bank CEOs as witnesses. Rep. Alan Grayson asked Citigroup CEO
Vikram Pandit about the terms of the government assistance his firm received, and read comments from several angry constituents.

Note:
Saying Goodbye to former Citigroup head Vikram Pandit
21 Oct, 2012, 07.55 PM IST
Wasn’t he a retail bank guy? How did he go out of the fondue and into the fire? A CEOs anonymous meeting talks about the former Citigroup head.

Citi ousted Vikram Pandit for poor execution?
17 Oct, 2012, 05.25 AM IST
Citigroup Inc directors ousted CEO Vikram Pandit after concluding that he had mismanaged operations , leading to setbacks with regulators and a loss of credibility with investors.

Vikram Pandit steps down as CEO of Citigroup, Michael Corbat to replace him
16 Oct, 2012, 07.28 PM IST
Michael Corbat, previously chief executive for Europe, Middle East and Africa, was named to replace Pandit. The COO of the group has also resigned.
https://economictimes.indiatimes.com/topic/Citigroup-CEO-Vikram-Pandit/news

 

Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."
893,004 views•Jul 21, 2009


This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or 'central liquidity swaps' in Federal Reserve-ese').

Which financial institutions received this money? Bernanke's answer: I don't know.

As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke's answer: yes.

 

 2009-Notes to consolidated financial statements
Note 30 – Capital
The Federal Reserve establishes capital requirements, including well-capitalized standards for the consolidated financial holding company. The OCC establishes similar capital requirements and standards for the Firm’s national banks, including JPMorgan Chase Bank, N.A., and Chase Bank USA, N.A.
There are two categories of risk-based capital: Tier 1 capital and Tier 2 capital. Tier 1 capital includes common stockholders’ equity, qualifying preferred stock and minority interest less goodwill and other adjustments. Tier 2 capital consists of preferred stock not qualifying as Tier 1, subordinated long-term debt and other instruments qualifying as Tier 2, and the aggregate allowance for credit losses up to a certain percentage of risk-weighted assets. Total regulatory capital is subject to deductions for investments in certain subsidiaries. Under the risk-based capital guidelines of the Federal Reserve, JPMorgan Chase is required to maintain minimum ratios of Tier 1 and Total (Tier 1 plus Tier 2) capital to risk-weighted assets, as well as minimum leverage ratios (which are defined as Tier 1 capital to average adjusted on-balance sheet assets). Failure to
meet these minimum requirements could cause the Federal Reserve to take action. Banking subsidiaries also are subject to these capital
requirements by their respective primary regulators. As of December 31, 2008 and 2007, JPMorgan Chase and all of its banking subsidiaries were well-capitalized and met all capital requirements to which each was subject.
The Federal Reserve granted the Firm, for a period of 18 months following the Bear Stearns merger, relief up to a certain specified amount and subject to certain conditions from the Federal Reserve’s risk-based capital and leverage requirements
with respect to Bear Stearns’ risk-weighted assets and other exposures acquired. The amount of such relief is subject to reduction by one-sixth each quarter subsequent to the merger and expires on October 1, 2009. The OCC granted JPMorgan Chase Bank, N.A. similar relief from its risk-based capital and leverage requirements. ...
Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned, thereunto duly authorized.

JPMorgan Chase & Co.
(Registrant)

By: /s/ JAMES DIMON


(James Dimon
Chairman and Chief Executive Officer)

Date: March 2, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacity and on the date indicated. JPMorgan Chase does not exercise the power of attorney to sign on behalf of any Director.

Capacity Date

/s/ JAMES DIMON
Director, Chairman and Chief Executive Officer
(James Dimon)
(Principal Executive Officer)

/s/ CRANDALL C. BOWLES
(Crandall C. Bowles)
Director March 2, 2009

/s/ STEPHEN B. BURKE
(Stephen B. Burke)
Director

/s/ DAVID M. COTE
(David M. Cote)
Director

/s/ JAMES S. CROWN
(James S. Crown)
Director

/s/ ELLEN V. FUTTER
(Ellen V. Futter)
Director

236

https://www.sec.gov/Archives/edgar/data/19617/000095012309003840/y74757e10vk.htm

list of the central banks of the world

Uploaded on Jul 21, 2009[above video]

This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or 'central liquidity swaps' in Federal Reserve-ese').

Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."

Which financial institutions received this money? Bernanke's answer: I don't know.

As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke's answer: yes

 

Senator Sanders asks Bernanke WHERE IS THE MONEY

-----Goldman Sachs Group Inc (GS.N) media sector banker Joseph Ravitch is leaving the company. Ravitch  was a driving force behind a number of media deals, including the creation of the YES television network, the formation of the NBA China joint partnership, and the sale of the New Jersey Nets and Seattle Supersonics basketball clubs http://www.reuters.com/article/2009/03/06/ravitch-goldmansachs-idUSBNG48923120090306

ADIA, which doesn’t give the value of its assets, filed a complaint against Citigroup in 2009, saying it made “fraudulent misrepresentations” about the deal.

-The acquisition was completed in January 2009 and Merrill Lynch & Co., Inc. was merged into Bank of America Corporation, although certain Bank of America subsidiaries continue to carry the Merrill Lynch name, including the broker-dealer Merrill Lynch, Pierce, Fenner & Smith. Bank of America also takes over Merrill's nearly 50 percent stake in the powerful money manager BlackRock Inc (BLK.N).

-----------------------------------------------------

On December 1, 2009, we completed our previously announced acquisition of Barclays Global Investors (“BGI”), one of the world’s largest asset managers and a leading global provider of investment management products and services. As a result of the acquisition of BGI, including its market-leading exchange traded fund platform iShares, we have become a more diversified and fully integrated asset management firm with assets under management of approximately $3.2 trillion.

In exchange for BGI, we issued 37,566,771 shares of our common stock, Series B Convertible Participating Preferred Stock (“Series B Preferred Stock”) and Series D Participating Preferred Stock (“Series D Preferred Stock”) to a wholly-owned subsidiary of Barclays Bank PLC (“Barclays Bank”) and paid approximately $6.65 billion in cash to Barclays Bank. Under the Certificate of Designations of the Series D Preferred Stock, the shares of Series D Preferred Stock will convert automatically into shares of Series B Preferred Stock on January 31, 2010, which is the date that is 20 days after the first mailing of the accompanying Information Statement to the holders of our common stock. The issuance of shares of Series B Preferred Stock upon conversion of the shares of Series D Preferred Stock issued to the wholly-owned subsidiary of Barclays Bank (the “Barclays Stock Issuance”) requires stockholder approval under the rules of the New York Stock Exchange (“NYSE”) because we will have issued common stock and securities convertible into common stock to Barclays Bank’s wholly-owned subsidiary equal to or in excess of 20% of our voting power outstanding before such issuance. Although the shares of Series B Preferred Stock will not be convertible into shares of common stock while held by Barclays Bank and its affiliates, such shares are deemed to be securities convertible into common stock for purposes of NYSE rules.

To facilitate our acquisition of BGI, on June 11, 2009, we entered into stock purchase agreements with several investors, including The PNC Financial Services Group, Inc. (“PNC”). In its stock purchase agreement, PNC agreed to purchase 3,556,188 shares of our Series D Preferred Stock at a price of $140.60 per share. The closing of the sale of the Series D Preferred Stock to PNC occurred simultaneously with the closing of the BGI acquisition. The issuance of the shares of Series B Preferred Stock upon conversion of the shares of Series D Preferred Stock issued to PNC (the “PNC Stock Issuance” and together with the Barclays Stock Issuance, the “Stock Issuances”) requires stockholder approval under NYSE rules because PNC is a “substantial security holder” of BlackRock under NYSE rules and we will have issued securities convertible into common stock to PNC in excess of one percent of our voting power outstanding before such issuance. Although the shares of Series B Preferred Stock will not be convertible into shares of common stock while held by PNC and its affiliates, such shares are deemed to be securities convertible into common stock for purposes of NYSE rules.https://www.sec.gov/Archives/edgar/data/1364742/000134100410000059/def14c.htm
 

L Sunil Shankar Goud   assistant manager of HSBC Bank

Anjool Malde  Banker (Deutsche Bank) internships at the City solicitors Slaughter-and May and the finance house ABN Amro.

Huibert Gerald Boumeester  Banker (ABN)

Michael Marin           NEW

Foreign Pack Circled and Devoured Esmark

 

2010

2010: Dodd-Frank
President Barack Obama signs the Dodd-Frank Wall Street Reform and Consumer Protection Act, which is the most sweeping overhaul of financial policy and the architecture of banking since the Great Depression. Although ABA supports some provisions and successfully sought improvements, it remains opposed to the overall bill, which unnecessarily targets banks with new layers of regulation unrelated to the financial crisis. Dodd-Frank gives regulators authority to wind down failing systemically significant firms, abolishes the Office of Thrift Supervision and transfers its powers to the Comptroller of the Currency, creates a Consumer Finance Protection Bureau to make rules and supervise large firms and caps the debit “interchange” fees banks charge retailers to use the payments system.  https://www.aba.com/about-us/our-story/aba-history/2000-present

NEW Citi restructures US consumer finance business
June 1, 2010

NEW YORK—Citigroup Inc. is closing 330 branches of its U.S. consumer finance business as part of a restructuring aimed at finding a buyer for the unit, the bank said Tuesday.

The branch closures at CitiFinancial will result in about 500 to 600 job cuts across 48 states, the bank said.

The U.S. business of CitiFinancial will also be split into two parts, one offering personal, home equity and refinancing loans and the other handling loan modifications and restructuring, Citigroup said.

CitiFinancial will be renamed after the reorganization is complete.

The restructuring "will provide a lot of clarity" into CitiFinancial's operations for potential buyers of the business, CitiFinancial CEO Mary McDowell said in an interview.

Citigroup split itself into two parts last year -- Citicorp and Citi Holdings, the division holding noncore, riskier assets including the mortgage-backed securities that undermined the bank and other financial institutions. CitiFinancial is a part of Citi Holdings.

Citigroup CEO Vikram Pandit said earlier this year that the bank would continue selling off Citi Holdings, which had $547 billion worth of assets at the end of 2009.

Citigroup received $45 billion in government bailout money at the height of the financial crisis. It raised $20 billion in December to help repay the money it received as part of the Troubled Asset Relief Program. The remaining $25 billion was converted to stock last fall, giving the government what is now a 22 percent ownership stake.

(This version CORRECTS Corrects size of government stake in last graf.)

© Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

http://archive.boston.com/business/articles/2010/06/01/citi_restructures_us_consumer_finance_business/

             

https://www.sec.gov/Archives/edgar/data/884713/000119312510199592/dex31liii.htm

ASIAN INFRASTRUCTURE INVESTMENT BANK

The above are not recognized by the American people....Take your business elsewhere......Americans are not ruled by a king OR a queen.... jt

 

Transamerica Partners  2010

 

Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed
193,438 views•May 6, 2010     

    

Rep. Alan Grayson: $12 Trillion Gone and No One Punished
253,885 views•Feb 10, 2010 NEW

http://www.sec.gov/about/laws/wallstreetreform-cpa.pdf   This Act may be cited as the ‘‘Dodd-Frank
Wall Street Reform and Consumer Protection Act’’.

NATIONAL EXPORT INITIATIVE

J.P. Morgan Cazenove becomes a wholly-owned part of J.P. Morgan, having originally operated as a joint venture between J.P. Morgan and the U.K. investment bank Cazenove.     https://www.jpmorgan.com/pages/company-history

 

(above video) Bill Murphy, Chairman of the Gold Anti-Trust Action Committee delivers his testimony about a whistle-blower in the gold price suppression scheme to the Commodity Futures Trading Commission on 3/25/10
 

-- On 6 February 2010 ABN AMRO Bank N.V. (registered with the Dutch Chamber of Commerce under number 33002587) changed its name to The Royal Bank of Scotland N.V. and on 1 April 2010 ABN AMRO Holding N.V. changed its name toRBS Holdings N.V. and all references in the attached document to "ABN AMRO Bank N.V." should be read as references to "The Royal Bank of Scotland N.V." and all references to “ABN AMRO Holding N.V.”, should be read as references to “RBS Holdings N.V.”.

These name changes are not changes to either the legal entity which issued your securities or the guarantor of them and they do not affect any of the terms and conditions of your securities. For further information on The Royal Bank of Scotland N.V. or RBS Holdings N.V., and their financial status please refer to the current Registration Document for RBS Holdings N.V. and The Royal Bank of Scotland N.V., which is available at
http://markets.rbs.com/bparchive/  and to the documents on file at http://www.sec.gov .

Since 6 February 2010 the name ABN AMRO Bank N.V. has been used by a separate legal entity (registered with the Dutch Chamber of Commerce under number 34334259), this entity became wholly owned by the State of the Netherlands on 1 April 2010.

Neither the new entity named ABN AMRO Bank N.V. nor the State of the Netherlands will, in any way, guarantee or otherwise support the obligations under your securities, issued by The Royal Bank of Scotland N.V. (formerly ABN AMRO Bank N.V.),registered with the Dutch Chamber of Commerce under number 33002587.

--Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law on July 21, 2010 by President Barack Obama. The legislation set out to reshape the U.S. regulatory system in a number of areas including but not limited to consumer protection, trading restrictions, credit ratings, regulation of financial products, corporate governance and disclosure, and transparency. The full text of the Act is available at: http://www.sec.gov/about/laws/wallstreetreform-cpa.pdf.  (Please check the Classification Tables maintained by the US House of Representatives Office of the Law Revision Counsel for updates to any of the laws.) You can find links to all Commission rulemaking and reports issued under the Dodd Frank Act at: http://www.sec.gov/spotlight/dodd-frank.shtml.

--On 1 July 2010 the legal merger between ABN AMRO Bank N.V. (ABN AMRO Bank) and Fortis Bank (Nederland) N.V. (Fortis Bank Nederland) was completed, creating a combined entity called ABN AMRO Bank N.V.  http://www.abnamro.com/en/about-abn-amro/history/index.html

--In 2010, J.P. Morgan acquired full ownership of its U.K. joint venture, J.P. Morgan Cazenove, one of Britain's premier investment banks. http://www.jpmorganchase.com/corporate/About-JPMC/jpmorgan-history  

fraud action against Goldman, Sachs & Co.

James Patrick (Pat) Rothstein a bond trader who held top jobs at Merrill Lynch, Bear Stearns and UBS

Neil Mccormick   head of Asia Equity derivatives at UBS

Jessica Fashano   Investment Banking Associate at Citi Group.

 David Widlak Chief Financial Officer Community Central Bank Corp.-Widlak, a licensed attorney, also served as an arbitrator for the American Arbitration Association.

2011

CUSTODY AGREEMENT BETWEEN COLUMBIA ACORN TRUST AND WANGER ADVISORS TRUST, SEVERALLY AND NOT JOINTLY, AND JPMORGAN CHASE BANK, N.A. NEW  NEW

 

Citigroup 2011

Ron Paul vs Bernanke: Is Gold Money? - July 13, 2011
829,802 views•Jul 13, 2011

Campaign for Liberty
22.4K subscribers
July 13, 2011 - Congressman Ron Paul questions Federal Reserve Chairman Ben Bernanke in a U.S. House Financial Services Committee Meeting shortly after reports surfaced that the Federal Reserve was preparing for a third round of quantitative easing.

Paul: "Is gold money?"
Bernanke: "............ No."

SUBSIDIARIES OF PROLOGIS, INC. AND PROLOGIS, L.P.

ESTABLISHMENT OF THE SELECTUSA INITIATIVE

--J.P. Morgan celebrates the 90th anniversary of the firm's presence in China.   https://www.jpmorgan.com/pages/company-history

-Shearman & Sterling represented Citigroup Global Markets Inc. and RBS Securities Inc. as dealer managers in connection with exchange offers of various series of notes of Prologis, L.P. (formerly AMB Property, L.P.) for certain series of outstanding notes issued by ProLogis, conducted in connection with, and subject to the consummation of, a merger of equals between ProLogis and AMB Property Corporation. The combined company is now known as Prologis, Inc. Concurrently with the exchange offers, Citigroup Global Markets Inc. and RBS Securities Inc. acted as solicitation agents on behalf of the combined company, for the solicitation of consents from the holders of the ProLogis notes to certain proposed amendments to the relevant ProLogis notes indenture. The exchange offers closed on June 8, 2011.

-- On July 5, 2011, BMO Financial Group acquired Marshall & Ilsley Corporation through its subsidiary BMO
Financial Corp. (formerly Harris Financial Corp.). At the time of the acquisition, certain bank mergers also
occurred.

- Yes, the U.S. Government Ought to Own the Banks Now

Special Access in Connection with the Division of Enforcement's  [Citigroup]

Proposed Amendment to Regulation CC Regarding Availability of Funds and
Collection of Checks (Docket No. R-1409) - Comments on Check Fraud Liability
http://www.federalreserve.gov/SECRS/2011/June/20110610/R-1409/R-1409_060311_81006_366940476572_1.pdf

---   In the Matter of CREDIT SUISSE ALTERNATIVE CAPITAL, LLC (f/k/a CREDIT SUISSE ALTERNATIVE CAPITAL, INC.), CREDIT SUISSE ASSET MANAGEMENT, LLC , and SAMIR H. BHATT

Markets (along with certain affiliates, "Citigroup")---   securities fraud action against Brian H. Stoker who was an employee of Citigroup Global Markets, Inc. (along with certain affiliates, "Citigroup")

--- The Commission brings this securities fraud action against Citigroup Global Markets (along with certain affiliates, "Citigroup")

Maurice J. Spagnoletti  Murdered on  June 15, 2011  Executive Vice President of Mortgage and Banking Operations at Doral Financial

Irzen Octa    found outside a Citibank branch in Jakarta and died of a brain hemorrhage on the way to hospital.

Brad Griffiths      He co-founded Griffiths McBurney & Partners in 1995, one of the most powerful independent investment banks in Canada. It is now know as GMP Capital Inc. . He left the firm in 1999. He had also been head of mergers and acquisitions at Canadian Imperial Bank of Commerce; vice-president of Gordon Capital Corp.; head of capital markets at Canaccord Capital; and managing director of capital markets at McFarlane Gordon.
More recently, he served as chief financial officer and chairman of the board of directors at United Hunter Oil and Gas Corp., as well as chairman of Griffiths Energy International.

Timothy McGuigan   a senior vice president at Kansas State Bank

Robert H. Lessin   vice chairman of Jefferies     NEW

 

EX-10.1 2 c15609exv10w1.htm EXHIBIT 10.1
Exhibit 10.1
SENIOR FACILITIES AGREEMENT
380,000,000 Term Facility
40,000,000 Revolving Facility
Dated 16 March 2011
AGZ HOLDING
as Parent and Borrower
ANTARGAZ
as Borrower
THE ENTITIES NAMED HEREIN
as Lenders
BNP PARIBAS
CAISSE REGIONALE DE CREDIT AGRICOLE MUTUEL DE PARIS ET D’ILE DE FRANCE
CREDIT LYONNAIS
NATIXIS
as Mandated Lead Arrangers and Bookrunners
BARCLAYS BANK PLC
BANQUE COMMERCIALE POUR LE MARCHE DE L’ENTREPRISE
ING BELGIUM SA, SUCCURSALE EN FRANCE
as Mandated Lead Arrangers
BANCO BILBAO VIZCAYA ARGENTARIA
CREDIT DU NORD
HSBC FRANCE
CREDIT SUISSE INTERNATIONAL
BRED BANQUE POPULAIRE
BANQUE PALATINE
as Arrangers
NATIXIS
as Facility Agent and Coordinator
NATIXIS
as Security Agent  https://www.sec.gov/Archives/edgar/data/884614/000095012311046616/c15609exv10w1.htm


Close to a million home loans in the U.S. were in some stage of the foreclosure process in early 2011. More than half a decade after the start of the housing crisis, that number has started to decline, but there were still nearly 750,000 homes in the foreclosure process as of February. To determine the 10 banks foreclosing the most home loans, 24/7 Wall St. reviewed data provided by RealtyTrac, an online real estate marketplace and data source on distressed homes properties. All data are as of February 2013 and reflect the amount and value of both homes and mortgages serviced by the nation’s major banks. The banks foreclosing on the most homes may not directly own the bulk of the mortgages. Rather, they often service them for other entities. In other cases banks act as a trustee, representing a pool of mortgage loans held in a trust. These are the 10 banks foreclosing the most homes: http://www.marketwatch.com/story/10-banks-foreclosing-on-the-most-homeowners-2013-03-20 

Maurice J. Spagnoletti- murdered on June 15, 2011-  He was Doral Financial corporation's executive vice president of Mortgage and Banking Operations. He had only been working at Doral for 6 months when he was killed.


0000891092-11-007596.txt : 20111114 0000891092-11-007596.hdr.sgml : 20111111 20111114131202 ACCESSION NUMBER: 0000891092-11-007596 CONFORMED SUBMISSION TYPE: 424B2 PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20111114 DATE AS OF CHANGE: 20111114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPMORGAN CHASE & CO CENTRAL INDEX KEY: 0000019617 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 132624428 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: 1933 Act SEC FILE NUMBER: 333-177923 FILM NUMBER: 111200272 BUSINESS ADDRESS: STREET 1: 270 PARK AVE STREET 2: 38TH FL CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122706000 MAIL ADDRESS: STREET 1: 270 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: J P MORGAN CHASE & CO DATE OF NAME CHANGE: 20010102 FORMER COMPANY: FORMER CONFORMED NAME: CHASE MANHATTAN CORP /DE/ DATE OF NAME CHANGE: 19960402 FORMER COMPANY: FORMER CONFORMED NAME: CHEMICAL BANKING CORP DATE OF NAME CHANGE: 19920703 424B2 1 e46161_424b2.htm PRODUCT SUPPLEMENT NO. 6-I

Product supplement no. 6-I
To prospectus dated November 14, 2011 and
prospectus supplement dated November 14, 2011
Registration Statement No. 333-177923
Dated November 14, 2011
CHEMICAL BANKING CORP
 

2012

2012: The Chip in the Card
J.P. Morgan Chase becomes the first major U.S. bank to issue a credit card with chip-based technology for advanced security.
https://www.aba.com/about-us/our-story/aba-history/2000-present

Illegal Trading in Chinese Bank Stocks

 Morgan Stanley & Co. LLC (“Morgan Stanley”), was sanctioned by FINRA in
May 2012 and by the New Jersey Bureau of Securities in July 2013 for its lack of compliance policies prior to June 2009 specifically addressing the sale of non-traditional ETFs, including the single-inverse ETFs at issue in this Order.

Morgan Stanley Smith Barney, LLC, (“MSSB”) is a wholly owned subsidiary of Morgan Stanley Smith Barney Holdings, LLC, and an indirectly wholly owned subsidiary of Morgan Stanley, a Delaware limited liability company with its principal executive offices in New York, New York and whose shares are traded on the New York Stock Exchange. MSSB is headquartered in Purchase, New York and has been dually registered as an investment advis or and  broker-dealer with the Commission since May 2009, following its formation through a joint venture of Morgan Stanley’s Global Wealth Management Group and Citigroup Inc.’s Smith
Barney businesses.
https://www.sec.gov/litigation/admin/2017/ia-4649.pdf

 Morgan Stanley International Fund      NEW

Shane Todd  Murdered-highly likely....   NEW

HSBC Case Study

HSBC Exposed U.S. Financial System to Money Laundering, Drug, Terrorist Financing Risks

-Jumpstart Our Business Startups Act of 2012

The Jumpstart Our Business Startups Act (the "JOBS Act") was enacted on April 5, 2012. The JOBS Act aims to help businesses raise funds in public capital markets by minimizing regulatory requirements. The full text of the Act is available at:
http://www.gpo.gov/fdsys/pkg/BILLS-112hr3606enr/pdf/BILLS-112hr3606enr.pdf.

-A Goldman Sachs banker added to the firm’s scarred public profile in a withering resignation letter published in the New York Times, saying Goldman had become a “toxic and destructive” place where managing directors openly referred to their own clients as “muppets.” http://www.thestar.com/business/2012/03/14/goldman_sachs_banker_slams_ripoff_culture_as_he_quits_job.html

---  SEC Charges J.P. Morgan and Credit Suisse With Misleading Investors in RMBS Offerings

Charles Stephen Parker   an assistant manager at a Bank of America branch in nearby Athens

Andrew Breitbart   43, author and publisher, dead  

Michael Marin

Christopher Marks  owned and operated Sweeney Canyon Vineyard since 1981 and was a partner in the Marks Theriot Walston & Co. investment firm in Los Angeles

David Taundi  Banker for Bank of America ,found dead

2013

  central banks of the world

NEW Citigroup Inc. 2013

NEW     In November 2013, JPMorgan Chase, the nation’s largest bank, agreed to pay a then-record $13 billion fine to federal and state authorities in order to settle claims that it had misled investors in the years leading up to the financial crisis. JPMorgan Chase’s settlement raised many eyebrows on Wall Street. The huge settlement appeared inconsistent with the oft-repeated narrative of the bank’s heroism during the crisis. JPMorgan Chase and its C.E.O., Jamie Dimon, after all, were appropriately lauded for swooping in to save both Bear Stearns and Washington Mutual, acts of financial patriotism that certainly helped prevent the U.S. economy from further doubling over upon itself.   JPMorgan Chase-Jamie Dimon

Enhanced Prudential Standards and Early Remediation Requirements for Foreign Banking Organizations and Foreign Non-bank Financial Companies
http://www.federalreserve.gov/SECRS/2013/April/20130425/R-1438/R-1438_041913_111069_466225501262_1.pdf

National Bank and Federal Savings Institution Operating Subsidiary

Meeting between Federal Banking Agency Staffs and Representatives of The Clearing House

2013-10-01 CITIFINANCIAL SERVICES, INC. was renamed
to CFNA RECEIVABLES (CA), INC..
 

CITIGROUP INC. (1951350) acquires CITIGROUP FUNDING INC. (3367236) 2013-01-01 The acquired institution sold its assets to the acquiring institution.

CITIGROUP INC. (1951350) acquires  ASSOCIATED MADISON COMPANIES, INC. (1277881) 2013-11-01 The acquired institution sold its assets to the acquiring institution.

-New York-based Citigroup in August became the first Western bank to issue credit cards in China without co-branding from a local financial institution as the government relaxes restrictions.

--UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Citigroup Inc.
(Exact name of registrant as specified in its charter)

-On 29 September 2013, Morgan Stanley announced a partnership with Longchamp Asset Management, a French-based asset manager that specialises in the distribution of UCITS hedge funds, and La Française AM, a multi-specialist asset manager with a 10-year track record in alternative investments.Citigroup, JPMorgan Chase and Royal Bank of Scotland are the latest global banks confirming that their foreign exchange trading is under investigation.

_________________________________________

British banking giant Barclays, UBS, Switzerland's largest bank, and German banking giant Deutsche Bank previously made similar disclosures to investors about the foreign exchange investigations.

The U.S. Department of Justice confirmed it had "an active, ongoing investigation into possible manipulation of foreign exchange rates" by traders at several banks. Swiss authorities are also investigating.
http://www.usatoday.com/story/money/business/2013/11/01/rbs-bank-forex-trading-probe/3345513/    

Pooling and Servicing Agreement dated as of June 1, 2013, by and among J.P.
MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP, as Depositor, MIDLAND LOAN
SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION, as Master Servicer,
LNR PARTNERS, LLC, as Special Servicer, and PENTALPHA SURVEILLANCE LLC, as
Senior Trust Advisor and Wells Fargo Bank, N.A. as Certificate Administrator,
Paying Agent, Trustee and Custodian relating to the Series JPMBB 2013-C12
Commercial Mortgage Pass-Through Certificates relating to the Legacy Place
Mortgage Loan Combination , a pari passu portion of which is included in the
Series JPMC 2013-LC11 Commercial Mortgage Pass-Through Certificates
transaction.
https://www.sec.gov/Archives/edgar/data/1574219/000105640414000329/0001056404-14-000329.txt

Makoto Shimomi (Jan) Swiss-based Japanese banker

Nico Lambrechts (Jan)   Investment analyst at Investec Asset Management

David Rossi  (Mar)  The communications director of Italian bank Monte dei Paschi di Siena (MPS)

Wang Shiqiang (April) banker at state-owned China Jianyin Investment

Mohamed Hamwi – System Analyst at Trepp, a financial data and analytics firm, SHOT

 Kenneth Bellandro, former JP Morgan

David William Waygood  had been employed by both HSBC and NatWest

Hussain Ahmad Najadi   founder of AMMB Holdings Bhd. (AMM)

Carsten Schloter  Swisscom CEO[a publicly traded company in which the Swiss government has the majority stake]

Sascha Schornstein – Royal Bank of Scotland [RBS] in its commodity finance

Anne Doss, Head of Wells Fargo Unit , She died on Aug. 14 in her hotel room at the Sofitel    Minneapolis in Bloomington, Minnesota  UPDATED

Moritz Erhardt (Aug)   Interning with investment bank Merrill Lynch

Patrick Sheehan a managing director in Wells Fargo Securities public finance department

 Pierre Wauthier    chief financial officer of Zurich Insurance Group AG (ZURN)

Guy Ratovondrahona   Madagascar Central Bank

Ezdehar Husainat – former JP Morgan banker, killed  when her SUV crushed her to death

Michael Burdin  -Bank of America

Venera Minakhmetova  Former Financial Analyst at Bank of America Merrill Lynch

Susan Hewitt  former vice president of  Deutsche Bank

Benjamin Idim, CAR ACCIDENT

Joseph M. Ambrosio age 34, Financial Analyst at J.P. Morgan

Robert Wilson, a retired hedge fund founder

Jason Alan Salais age 34, IT Specialist for J.P Morgan Chase

Wang Shiqiang

 

2014

Mike Dueker dead

INTERNATIONAL
U.S. Investigators Launch Probe Of JPMorgan Chase In China
August 18, 20134:24 PM ET
SCOTT NEUMAN

The office of the locally incorporated JPMorgan Chase Bank in Beijing.
AFP/Getty Images
The Securities and Exchange Commission has launched an investigation of JPMorgan Chase's operations in China, reportedly looking into whether the investment bank hired the children of high-ranking Chinese government officials in an effort to secure business.

The Wall Street Journal quotes from an SEC filing that says U.S. regulators are investigating "business relationships with certain clients."

The New York Times writes that in one instance, JPMorgan reportedly hired a former Chinese banking regulator's son who later became chairman of the China Everbright Group: "After the chairman's son came on board, JPMorgan secured multiple coveted assignments from the Chinese conglomerate, including advising a subsidiary of the company on a stock offering, records show."

In another example, JPMorgan's Hong Kong office hired the daughter of a Chinese railway official, The Times says. The official "was later detained on accusations of doling out government contracts in exchange for cash bribes, the government document and public records show," according to the newspaper. The Times adds:

"The former official's daughter came to JPMorgan at an opportune time for the New York-based bank: The China Railway Group, a state-controlled construction company that builds railways for the Chinese government, was in the process of selecting JPMorgan to advise on its plans to become a public company, a common move in China for businesses affiliated with the government. With JPMorgan's help, China Railway raised more than $5 billion when it went public in 2007."

JPMorgan says it is fully cooperating with investigators.

As background, The Journal comments:
"Many investment banks and other multinationals have hired children of senior Communist Party figures who are commonly known as 'princelings.' They may help multinational companies develop relationships in China. International investment banks including Credit Suisse, Goldman Sachs, Citigroup, Bank of America and Macquarie Group have all brought the children of current or former political officials on board, according to previous reporting by The Wall Street Journal."  https://www.npr.org/sections/thetwo-way/2013/08/18/213255118/u-s-investigators-launch-probe-of-jpmorgan-chase-in-china

 

PNC Funds     NEW

SEC Enforcement Actions Addressing Misconduct That Led to or Arose From the Financial Crisis
 
Key Statistics (through September 11, 2014))
 

List of Federal Reserve Member Banks https://fraser.stlouisfed.org/docs/historical/federal%20reserve%20history/rboc/rboc_memberbanks_19140527.pdf

Banks of England http://www.bankofengland.co.uk/pra/Documents/authorisations/banklist1405.pdf

Money Managers who own this Issuer’s Securities or Options on them City National Corp

SEC’s FY 2014 Enforcement Actions

BofA Fined $16.6M for Violating Drug-Trafficking Sanctions

 Losses House Votes To Audit The Fed... And Deregulate Wall Street

European Banks Sued for Indirect Funding of Terror Attacks

Wells Fargo, HSBC Among Banks Sued Over Subprime Securities

HSBC is paying $2 billion, or 5 weeks' worth of its profit, to avoid criminal charges in drug cartel laundering case

The Justice Department agreed to suspend criminal charges against the world's largest bank and its US subsidiary for five years if the bank agreed to pay the penalty.
http://www.globalpost.com/dispatch/news/regions/americas/united-states/140121/hsbc-paying-2-billion-drug-money-laundering-cartel
 

Meeting Between Staff of the Federal Reserve Board, the Office of the Comptroller of theCurrency (OCC), the Federal Deposit Insurance Corporation (FDIC),and Citigroup Global Markets Inc. (Citigroup)

February 19, 2014

Participants: David Emmel, Kevin Littler, Dafina Stewart, Jahad Atieh (Federal Reserve
Board)
Tena Alexander, Jill Cetina, Tiffany Eng, Linda Jennings, Patrick Tierney,James Weinberger (OCC)
Kyle Hadley, Eric Schatten, Sue Dawley, Jason Fincke (FDIC)
Jim Johnson, Howard Marsh, Joseph Geraci, Patrick Brett, Peter O’Connor,Sarah Sullivan (Citigroup)

Summary: Staff of the Federal Reserve Board, OCC, and the FDIC met with representatives of Citigroup to discuss the proposed Liquidity Coverage Ratio rule, which would implement the
Basel III liquidity standards in the United States. Meeting participants discussed the proposed rule’s definition of level 2A highly liquid assets and the consequences of omitting municipalsecurities from the definition of highly liquid assets.
http://www.federalreserve.gov/newsevents/rr-commpublic/citigroup-20140219.pdf

-Meeting Between Staff of the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and Citigroup

May 7, 2014

Participants: David Emmel, Kevin Littler, Adam Trost, April Snyder, Dafina Stewart, and Jahad Atieh (Federal Reserve Board)

Kerrie Corn, Kevin Walsh, and Patrick Tierney, (OCC)
Kyle Hadley, Suzanne Clair, and Sue Dawley (FDIC)
Eric Aboaf and Nora Slatkin (Citigroup)

Summary: Staff of the Federal Reserve Board, the OCC, and the FDIC met with representatives of Citigroup to discuss the proposed Liquidity Coverage Ratio rule, which would implement the Basel III liquidity standards in the United States. Meeting participants discussed the potential consequences of the proposed peak net contractual outflow day
. http://www.federalreserve.gov/newsevents/rr-commpublic/citigroup-20140507.pdf

Citigroup Sued in Abu Dhabi  By Investor Over Fund

-Friends Commit Suicide  In The Last Four Years, Associates Say Russian Mafia Orchestrated Their Deaths

Elizabeth Warren's Speech (below)

David Bird 55, long-time reporter for the Wall Street Journal working at the Dow Jones news room,   went for a walk on Saturday, January 11, 2014 near his New Jersey home and disappeared without a trace. Mr. Bird was a reporter of the oil and commodity markets which happened to be under investigation by the U.S. Senate Permanent Subcommittee on Investigations for price manipulation.

Tim Dickenson (Jan 26), a U.K.-based communications director at Swiss Re AG

Karl Slym (Jan 27) 51, managing director of India's Tata Motors Ltd   

James Stuart Jr (Feb 19)70, Former National Bank of Commerce CEO was found dead in Scottsdale, Ariz

John Ruiz  (Feb)– Morgan Stanley Municipal Debt Analyst, died suddenly

Autumn Radtke  (Feb), 28, CEO of a Bitcoin exchange firm First Meta

William Broeksmit   (Feb), 58, former senior manager for Deutsche Bank. On January 26, former Deutsche Bank executive Broeksmit was found dead at his South Kensington home after police responded to reports of a man found hanging at a house. According to reports, Broeksmit had “close ties to co-chief executive Anshu Jain.” It is important to note that Deutsche Bank is under investigation for reportedly hiding $12 billion in losses during the financial crisis and for potentially rigging the foreign exchange markets. The allegations are similar to the claims the institution settled in 2013 over involvement in rigging the Libor interest rates.

http://wallstreetonparade.com/wp-content/uploads/2014/07/Email-from-William-Broeksmit-to-Anshu-Jain-Released-by-the-U.S.-Senate-Permanent-Subcommittee-on-Investigations.pdf

Richard Talley (Feb), 57, was the founder and CEO of American Title (real estate titles) American Title Services in Centennial, Colorado,

Ryan Henry Crane  (Feb)37,J P Morgan 

last name Li   Li Junjie, (Feb)33,JP Morgan, Hong Kong

Gabriel Magee  (Jan), 39, age JP Morgan employee Gabriel Magee, senior manager at JP Morgan’s European headquarters, jumped 500ft from the top of the bank’s headquarters in central London on January 27, landing on an adjacent 9 story roof. Gabriel Magee, a Vice President at JPMorgan in London, plunged to his death from the roof of the 33-story European headquarters of JPMorgan in Canary Wharf. Magee was involved in “Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives” based on his online Linkedin profile.
It’s important to note that JPMorgan, like Deutsche Bank, is under investigation for its potential

Mike Dueker    (Jan), 50, who had worked for Russell Investments. Mike Dueker, the chief economist at Russell Investments, fell down a 50 foot embankment in what police described as a suicide. Dueker was reported missing on January 29 by friends.

Edmund (Eddie) Reilly(Feb), 47, Midtown’s Vertical Group, investment banker,  New York

David Taundi   Bank of America

Mohamed Hamwi (March)– System Analyst at Trepp, a financial data and analytics firm

Joseph A. Giampapa (March) – 55, corporate bankruptcy lawyer, JP Morgan Chase

Jurgen Frick (April)48, the chief executive of the Liechtenstein private bank Bank Frick, CEO Bank Frick & Co AG,

Li Jianhua  (April)49, Non-bank Financial Institutions Supervision Department of the regulator

Benedict Philippens (April), 37,Director/Manager Bank Ans-Saint-Nicolas,BNP Parisbas Fortis Bank, Ans, België murdered alongside his wife and a 9 year old nephew

Tanji Dewberry (April)– WL Ross investment firm in New York

Jan Peter Schmittmann  (April)  57, ABN Amro, former CEO of Deutsche Bank AG risk executive

Andrew Jarzyk   (April) – Assistant Vice President, Commercial Banking at PNC Financial Services Group

Mahafarid Amir Khosravi a/k/a also known as Amir Mansour Aria , Iran billionaire, executed over $2.6 billion scam

Phubadee Marasa    Diamond Bank

Amir Kess (April) Markstone Capital Partners Group LLC co-manager

Nigel Sharvin (May)Senior Relationship Manager Ulster Bank manage portfolio of distressed businesses

Thomas J. Schenkman  (May 7) 42,Managing Director Global Infrastructure JP Morgan   

 Naseem Mubeen  Assistant Vice President of Zarai Taraqiati Bank Limited (ZTBL)

Daniel Leaf   senior manager at the Bank of Scotland before moving to investment firm Saracen Fund Managers (SFM)

Richard Rockefeller, 66, Banker John D. Rockefeller

Richard P. Gravino  (June 24)49, IT Specialist JP Morgan, Application Team Lead 

Julian Knott   (July 10)JPMorgan Chase employee       

S Krishnamoorthy     Barclays bank in Chennai

Therese Brouwer , 50, Managing Director ING, Nederland

Tod Robert Edwards  51, Vice President M & T Bank

Melissa Millan   , 54, Senior Vice President Mass Mutual,

Thieu Leenen, 64, Relatiemanager ABN/AMRO, Eindhoven, Nederland

Carlos Six, 61, Hoofd Belastingdienst en lid CREDAF, België

Jan Winkelhuijzen, 75, Commissaris en Fiscalist (voormalig Deloitte), Nederland.

Lewis Katz 76, Amerika, co-owner of The Inquirer, Philadelphia Daily News, and Philly.com

Nicholas Valtz 39, Managing Director Goldman Sachs, New York

Geert Tack 52, Private Banker ING, Haaltert, België

Seth Tobias-CNBC CONTRIBUTER-HEDGE FUND MGR

Mark Schultz  (Sept)  A small airplane crashed soon after takeoff in western Minnesota, killing a bank executive and his brother, a longtime Medtronic employee

Tod R. Edwards  (Sept)  the Group Vice President for M&T Bank, Lancaster and Harrisburg Offices

Christophe de Margerie    (Oct)    Total’s CEO        

Calogero "Charlie" Gambino  (Oct 20)  A senior Deutsche Bank regulatory lawyer

 Scott Jeffrey Therriault   BTRE, Executive Director at JP Morgan Chase in 2002, Merrill Lynch, etc.

Jeffrey Schwartz, former ProLogis CEO chairman of the Executive Committee and co-Founder Global Logistic Properties dies, http://media.corporate-ir.net/media_files/IROL/24/240724/Global_Logistic_Properties_Limited_AR_2013.pdf    

Jeffrey H. Schwartz
Chairman of the Executive Committee
Executive Director
Appointed September 24, 2010
Jeffrey H. Schwartz, 54, is Co-Founder of Global Logistic
Properties Holdings Limited, Chairman of the Executive
Committee, Executive Director and GLP Group’s Deputy
Chairman of the Board. Mr. Schwartz was last reelected
as a Director at GLP’s Annual General Meeting
on 20 July 2011. He also serves as a member of GLP’s
Investment Committee. Mr. Schwartz joined ProLogis,
a NYSE-listed Fortune 500 company, in 1994, and held
various executive roles, rising to Chief Executive Officer
in 2005 as well as Chairman of the Board in 2007.
While at ProLogis, Mr. Schwartz spearheaded ProLogis’
entry into the European markets in 1997, and also
established ProLogis’ Asia platform in 2002, initially in
Japan and eventually progressing to China and Korea.
Mr. Schwartz serves on the advisory boards of the
Guanghua School of Management, Peking University
and Fundacao Dom Cabral, Brazil. Mr. Schwartz is a
member of the Board of Trustees of Emory University and
a member of the Real Estate Roundtable, a non-profit

public policy organization. He also sits on the board of
Las Vegas Sands Corp., Sands China Limited and GLP
Japan Advisors Inc., the Asset Manager for GLP J-REIT.
Mr. Schwartz graduated from Harvard Business School
in 1985 with a Master of Business Administration.
Mr. Schwartz graduated from Emory University in 1981
with a Bachelor of Business Administration
.http://media.corporate-ir.net/media_files/IROL/24/240724/Global_Logistic_Properties_Limited_AR_2013.pdf

Jeffrey Schwart is in the middle (picture below)

 

Thierry Leyne    a French-Israeli banker and partner of Dominique Strauss-Kahn, the disgraced former chief of the International Monetary Fund, was found dead

Shawn D. Miller  (Nov), 42, Managing Director Citigroup, New York,

Johnny Elichaoff

Robert Matthews   Vice Chairman of Commercial Banking and a member of the Citizens Financial Group board of directors

Hugh “Skip” McGee III is a banker’s banker, a sort of Ur-financier whose credentials (Princeton football, experienced golfer, numeral suffix) speak to the kind of Wasp pedigree that once qualified a man to work on Wall Street. Accordingly, McGee had the kind of career path that is only possible on Wall Street: a road marked by a series of expensive failures and egregious lapses in judgment that still, somehow, leads to million-dollar bonuses and, eventually, to the corner office.  Hugh “Skip” McGee III   steps down....

2015

   

CitiGroup had np right to take my home  Citigroup attorney deliberately misspelled Tetstone.

NEW Under PRC laws and regulations, our PRC subsidiaries may pay cash dividends to us out of their respective accumulated profits. However, the ability of our PRC subsidiaries to make such distribution to us is subject to various PRC laws and regulations, including the requirement to fund certain statutory funds, as well as potential restriction on currency exchange and capital controls imposed by the PRC government. For more details, see "Risk Factors—Risks Related to Doing Business in China—We may rely on dividends and other distributions on equity paid by our PRC subsidiaries to fund any cash and financing requirements we may have, and any limitation on the ability of our PRC subsidiaries to make payments to us could have a material and adverse effect on our ability to conduct our business" and "Regulation—Regulations Relating to Dividend Distributions." Pinduoduo Inc

NOTE: If foreign businesses stayed out of the United States- they could hide their filings. As an American, I have 'the right to know' about businesses doing business in/with my country..... jt

 NEW  Commitments and Contingencies Disclosure 2015

STIPULATED FINAL JUDGMENT AND ORDER WITH RESPECT TO
JPMORGAN CHASE BANK, N.A.

STIPULATED FINAL JUDGMENT AND ORDER WITH RESPECT TO WELLS
FARGO BANK, N.A.

The Bureau and the CPD bring this action against Wells Fargo Bank, N.A. (“Wells Fargo”),
JPMorgan Chase Bank, N.A. (“Chase”), Elaine Oliphant Cohen, and Todd Cohen (collectively,
“Defendants”)

 BULLETIN: Advanced Sales: New IRS policy for Rollovers from One Traditional IRA to Another Traditional IRA    
 

OCC Enforcement Actions and Terminations

http://www.ffiec.gov/nicpubweb/nicweb/OrgHierarchySearchForm.aspx?parID_RSSD=1073757&parDT_END=99991231

https://www2.fdic.gov/idasp/confirmation_outside.asp?inCert1=3510

Omar Meza  AIG  executive 

Michael Flanagan  Head of Foreign Exchange Institutional Sales at National Australia Bank.

Chris van Eeghen  head of syndicate and corporate finance markets at ABN Amro Group NV

James 'Jimmy' B. Lee Jr.   NEW

 

 

More than one way to control a Banker :  

 

Igor Artamonov – West Siberian Bank of Sberbank, Daughter found dead

Nick Bagnall – Director at Bank of Tokyo-Mitsubishi, son accidentally killed himself while trying to re-enact a Tudor hanging

Kevin Bespolka – Citi Capital Advisors, Dresdner Bank, Merrill Lynch and Morgan Stanley, Seriously injured and son dead

Robin Clark – RP Martin -Wolf of Shenfield City banker shot, survived

Fang Fang – JP Morgan, China, disgraced

Chris Latham – Bank of America, on trial, Murder for Hire

Hector Sants, Barclays – resigned due to stress and exhaustion, after being told he risked more serious consequences to his health if he continued to work – a remarkable turnaround as the Church reportedly approached him two months later and was told he had made a full recovery.

Robert Wheeler, 49, a Deutsche Bank financial advisor, disgraced

Hector Sants, Barclays – resigned due to stress and exhaustion, after being told he risked more serious consequences to his health if he continued to work – a remarkable turnaround as the Church reportedly approached him two months later and was told he had made a full recovery.

2016

 Banc of California, Inc.
Oct 24, 2016  https://www.sec.gov/Archives/edgar/data/1169770/000089706916001088/cg816992.pdf

NEW Christopher Sanfeliz  JPMorgan, Tampa banker in Orlando,Florida  

NEW Press Release
JPMorgan Chase Paying $264 Million to Settle FCPA Charges
FOR IMMEDIATE RELEASE
2016-241

Washington D.C., Nov. 17, 2016 —
The Securities and Exchange Commission today announced that JPMorgan Chase & Co. has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region by giving jobs and internships to their relatives and friends in violation of the Foreign Corrupt Practices Act (FCPA).

JPMorgan also is expected to pay $72 million to the Justice Department and $61.9 million to the Federal Reserve Board of Governors for a total of more than $264 million in sanctions resulting from the firm’s referral hiring practices.

According to an SEC order issued today, investment bankers at JPMorgan’s subsidiary in Asia created a client referral hiring program that bypassed the firm’s normal hiring process and rewarded job candidates referred by client executives and influential government officials with well-paying, career-building JPMorgan employment. During a seven-year period, JPMorgan hired approximately 100 interns and full-time employees at the request of foreign government officials, enabling the firm to win or retain business resulting in more than $100 million in revenues to JPMorgan.

“JPMorgan engaged in a systematic bribery scheme by hiring children of government officials and other favored referrals who were typically unqualified for the positions on their own merit,” said Andrew J. Ceresney, Director of the SEC Enforcement Division. “JPMorgan employees knew the firm was potentially violating the FCPA yet persisted with the improper hiring program because the business rewards and new deals were deemed too lucrative.”

Kara Brockmeyer, Chief of the SEC Enforcement Division’s FCPA Unit, added, “The misconduct was so blatant that JPMorgan investment bankers created ‘Referral Hires vs Revenue’ spreadsheets to track the money flow from clients whose referrals were rewarded with jobs. The firm’s internal controls were so weak that not a single referral hire request was denied.”

The SEC’s order finds that JPMorgan violated the anti-bribery, books and records, and internal controls provisions of the Securities Exchange Act of 1934. JPMorgan agreed to pay $105,507,668 in disgorgement plus $25,083,737 in interest to settle the SEC’s case. The SEC considered the company’s remedial acts and its cooperation with the investigation when determining the settlement.

The SEC’s continuing investigation is being conducted by Neil Smith and Paul Block of the FCPA Unit and Rory Alex and Martin Healey of the Boston Regional Office. The SEC appreciates the assistance of the Fraud Section of the U.S. Department of Justice, the U.S. Attorney’s Office for the Eastern District of New York, the Federal Bureau of Investigation, and the Federal Reserve Board of Governors.

###
https://www.sec.gov/news/pressrelease/2016-241.html

https://www.sec.gov/litigation/admin/2016/34-79335.pdf

 

2017

NEW Ned Flynn, Jefferies banker and 30-plus-year muni vet, dies at 60
By Aaron Weitzman October 18, 2017, 4:00 p.m. EDT 3 Min Read

Edward K. "Ned" Flynn, a municipal banker for more than 30 years, died unexpectedly on Monday night at age 60.

Flynn's death was confirmed by colleagues at Jefferies LLC, where he spent the last eight years as an investment banker and manager director. No cause of death was given.

At Jefferies, Flynn focused on public finance and infrastructure finance and worked on financing strategies with a large number of substantial public and private sector issuers.
Aaron Weitzman
Markets Reporter , The Bond Buyer

Arizent Logo
© 2021 Arizent. All rights reserved.
https://www.bondbuyer.com/news/ned-flynn-jefferies-banker-and-30-plus-year-municipal-vet-dies-at-60

 

 NEW      JPMorgan Chase-Jamie Dimon

Important Notice
The Depository Trust Company
B #: 7323-17
Date: December 6, 2017
To: All Participants
Category: Compliance
From: Account Administration/Amber Malave
Attention: Managing Partner/Officer/Cashier
Subject: Additional Account Activation: JPMorgan Chase Bank NA/FBO Blackrock CTF, #3622
Effective with the opening of business on December 14, 2017, JPMorgan Chase Bank, National
Association, account number 0902 will activate the following additional account:
Account Name Account Number
J.P. MORGAN CHASE BANK NA/FBO BLACKROCK CTF #3622
For further information, please contact:
JPMorgan Chase Bank, National Association
Christopher Summers (718) 242-2276
The Depository Trust Company
Leon King (212) 855-4166
file:///C:/Users/Owner/Downloads/7323-17.pdf

AMENDED AND RESTATED CREDIT AGREEMENT NEW

dated as of
January 20, 2017

between

TELEFLEX INCORPORATED,
The GUARANTORS Party Hereto,

The LENDERS Party Hereto,
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent

BANK OF AMERICA, N.A.

and

PNC BANK, NATIONAL ASSOCIATION,
as Co-Syndication Agents

CITIZENS BANK OF PENNSYLVANIA,
DNB BANK ASA, NEW YORK BRANCH,
HSBC SECURITIES (USA) INC.,
MUFG UNION BANK, N.A.,
SUMITOMO MITSUI BANKING CORPORATION

and

WELLS FARGO BANK, N.A.,
as Co-Documentation Agents

CAPITAL ONE, NATIONAL ASSOCIATION,
CITIBANK, N.A.,
FIFTH THIRD BANK

and

U.S. BANK NATIONAL ASSOCIATION,
as Senior Managing Agents

JPMORGAN CHASE BANK, N.A.,
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
PNC CAPITAL MARKETS LLC,
CITIZENS BANK, N.A.,
DNB MARKETS, INC.,
HSBC SECURITIES (USA) INC.,
MUFG UNION BANK, N.A.,
SUMITOMO MITSUI BANKING CORPORATION

and

WELLS FARGO BANK, N.A.
as Joint Lead Arrangers

and

JPMORGAN CHASE BANK, N.A.,
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

and

PNC CAPITAL MARKETS LLC,
as Joint Bookrunners

---------------------------------------------------------------------------------------

Morgan Stanley, Citigroup Charged With Misleading Investors About Forex Trading Program
FOR IMMEDIATE RELEASE
2017-30

Washington D.C., Jan. 24, 2017 —
The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney and Citigroup Global Markets have agreed to pay more than $2.96 million apiece to settle charges that they made false and misleading statements about a foreign exchange trading program they sold to investors.
https://www.sec.gov/news/pressrelease/2017-30.html

October 2017

LOAN AGREEMENT

THIS LOAN AGREEMENT, dated as of October 6, 2017 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), between JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, a banking association chartered under the laws of the United States of America, having an address at 383 Madison Avenue, New York, New York 10179 (together with its successors and assigns, “JPM Lender”); BARCLAYS BANK PLC, a public company registered in England and Wales, having an address at 745 Seventh Avenue, New York, New York 10019 (together with its successors and assigns, “Barclays Lender”), GOLDMAN SACHS MORTGAGE COMPANY, a New York limited partnership, having an address 200 West Street, New York, New York 10282 (together with its successors and assigns, “GS Lender”), and MORGAN STANLEY BANK, N.A., a national banking association, having an address at 1585 Broadway, New York, New York 10036 (together with its successors and assigns, “MS Lender”) (each of JPM Lender, Barclays Lender, GS Lender, and MS Lender, together with their respective successors and assigns, each, a “Co-Lender” and collectively, “Lender”) and CPLV PROPERTY OWNER LLC, a Delaware limited liability company, having its principal place of business at c/o Vici Properties Inc., 8329 West Sunset Road, Suite 210, Las Vegas, Nevada 89113 (“Borrower”). ...

“Individual Note” shall mean, each of (i) that certain Promissory Note A-1, dated as of the date hereof, in the principal amount of $666,500,000.00, made by Borrower in favor of JPM Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, (ii) that certain Promissory Note A-2, dated as of the date hereof, in the principal amount of $465,000,000.00, made by Borrower in favor of Barclays Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, (iii) that certain Promissory Note A-3, dated as of the date hereof, in the principal amount of $209,250,000, made by Borrower in favor of MS Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, and (iv) that certain Promissory Note A-4, dated as of the date hereof, in the principal amount of $209,250,000, made by Borrower in favor of GS Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. https://www.sec.gov/Archives/edgar/data/1705696/000119312517307477/d470550dex1013.htm

on this site; LOAN AGREEMENT -banks and gambling
 

2018

Mellon was formed January 31, 2018 through the merger of The Boston Company and Standish into Mellon  effective January  2, 2019, the combined firm was renamed Mellon investments corporation.    https://im.bnymellon.com/us/en/

EX-10.1 2 ex101mpc1218.htm EXHIBIT 10.1
Exhibit 10.1

TERM LOAN AGREEMENT
dated as of January 2, 2018,
among
MPLX LP,
The LENDERS Party Hereto
and
MIZUHO BANK, LTD.,
as Administrative Agent

MIZUHO BANK, LTD.,
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
BARCLAYS BANK PLC,
JPMORGAN CHASE BANK, N.A.
and
WELLS FARGO SECURITIES, LLC,
Joint Lead Arrangers and Joint Bookrunners

BANK OF AMERICA, N.A.,
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
BARCLAYS BANK PLC,
JPMORGAN CHASE BANK, N.A.
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
Syndication Agents

--- “Arrangers” means Mizuho Bank, Ltd., Merrill Lynch, Pierce, Fenner & Smith Incorporated (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date hereof), The Bank of Tokyo-Mitsubishi UFJ, Ltd., a member of MUFG, a global financial group, Barclays Bank PLC, JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC.
https://www.sec.gov/Archives/edgar/data/1510295/000151029518000003/ex101mpc1218.htm
 

                                                           2019

LPMorgan's  Gregg Smith indictment justice department gov https://www.occ.gov/static/enforcement-actions/eaN19-009.pdf   NEW

 

September 17, 2019 -Firm celebrates 20th anniversary with new, long-term commitment to the city

Glasgow, U.K. — JPMorgan Chase & Co. today announces plans to build a new state-of-the-art technology home in Glasgow, coinciding with the firm’s 20th anniversary in the city. The building will be located on Argyle Street in the heart of Glasgow’s International Finance District, giving the firm the capacity to further grow in the city, with space for up to 2,700 employees. It is scheduled to open its doors in 2022.

https://www.jpmorgan.com/solutions/cib/news/jpmorgan-chase-announces-new-glasgow-home

NEW  https://www.worldbank.org/content/dam/meetings/external/springmeeting/Participant-List.pdf

NEW  Financial Data Services Jacksonville FL      Merrill Lynch International Bank and more

2019-  JPMORGAN CHASE & CO. • 2019 PROXY STATEMENT   NEW
Distributed
$28.5 BILLION
to shareholders
The Firm has demonstrated sustained, strong financial performance

We have generated strong ROE and ROTCE over the past 10 years, while growing average common equity by over 50% from $146 billion to $229 billion and almost doubling average tangible common equity (“TCE”)1 from $95 billion to $183 billion, reflecting a compound annual growth rate of 5% and 8%, respectively over the period.
https://www.sec.gov/Archives/edgar/data/19617/000119312519098338/d695908ddef14a.htm

NEW1 The Vanguard Group owns the above holdings in its capacity as an investment advisor in accordance with SEC Rule 13d-1(b)(1)(ii)(E). According to the Schedule 13G dated February 11, 2019, filed with the SEC, in the aggregate, Vanguard and the affiliated entities included in the Schedule 13G (“Vanguard”) have sole dispositive power over 254,639,880 shares, shared dispositive power over 4,567,170 shares, sole voting power over 3,874,941 shares, and shared voting power over 772,915 shares of our common stock.

2 BlackRock, Inc. owns the above holdings in its capacity as a parent holding company or control person in accordance with SEC Rule 13d-1(b)(1)(ii)(G). According to the Schedule 13G dated January 8, 2019, filed with the SEC, in the aggregate, BlackRock and the affiliated entities included in the Schedule 13G (“BlackRock”) have sole dispositive power over 215,948,619 shares, and sole voting power over 215,948,619 shares of our common stock.
JPMORGAN CHASE & CO. • 2019 PROXY STATEMENT https://www.sec.gov/Archives/edgar/data/19617/000119312519098338/d695908ddef14a.htm
 

2020

 
Peg Broadbent   chief financial officer of investment bank Jefferies       NEW
 

Case 20-13076-

IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re: LILIS ENERGY, INC., et al., Debtors.1 § § § § § § Case No. 20-33274 MI) (Chapter 11) (Joint Administered) CERTIFICATE OF SERVICE

IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
In re:
LILIS ENERGY, INC., et al.,
Debtors.1

Case No. 20-33274 MI)
(Chapter 11)
(Joint Administered)
CERTIFICATE OF SERVICE
I, Ted Tokuda, depose and say that I am employed by Stretto, the claims and noticing agent
for the Debtors in the above-captioned case.
On July 2, 2020, at my direction and under my supervision, employees of Stretto caused
the following documents to be served via electronic mail on the service list attached hereto as
Exhibit B and via first class US Mail on the service list attached hereto as Exhibit C:
• Notice of Chapter 11 Bankruptcy Case (attached hereto as Exhibit A)
• Notice of Designation as Complex Chapter 11 Bankruptcy Cases (Docket No. 2)
• Order Granting Complex Chapter 11 Bankruptcy Case Treatment (Docket No. 29)
Furthermore, on July 2, 2020, at my direction and under my supervision, employees of
Stretto caused the following document to be served via electronic mail on the service list attached
hereto as Exhibit D:
• Notice of Chapter 11 Bankruptcy Case (attached hereto as Exhibit A)
Dated: July 7, 2020 /s/ Ted Tokuda_____
Ted Tokuda
STRETTO
7 Times Square, 16th Floor
New York, NY 10036
Telephone: 855-364-4639
Email: TeamLilisEnergy@stretto.com
1 The Debtors in these chapter 11 cases and the last four digits of their respective federal tax identification
numbers are: Brushy Resources, Inc. (4053); Hurricane Resources LLC (5207); IMPETRO OPERATING
LLC (9730); Impetro Resources, LLC (9608); Lilis Energy, Inc. (1613); and Lilis Operating Company, LLC
(3908). The location of the Debtors’ U.S. corporate headquarters and the Debtors’ service address is: 201
Main Street, Suite 700, Fort Worth, Texas 76102.

,...

BLS Doc 156 Filed 12/16/20 Page 5 of 10
STRETTO

ss 3 City State Zip Country
ABN Amro Clearing Chicago LLC Attn: Kim Vilara 175 W Jackson Blvd Suite 400 Chicago IL 60605
Albert Fried & Company LLC Attn: Anthony Katsingris 45 Broadway 24th Floor New York NY 10006
American Enterprise Investment Services Inc. Attn: Erin M Stieler 682 Ameriprise Financial Center Minneapolis MN 55474
American Enterprise Investment Services Inc. Attn: Greg Wraalstad 901 3rd Ave S Minneapolis MN 55474
American Enterprise Investment Services Inc. Attn: Penny Zalesky 2178 Ameriprise Financial Center Routing S6/2178 Minneapolis MN 55474
Apex Clearing Corporation Attn: Biliana Stoimenova 1700 Pacific Ave Suite 1400 Dallas TX 75201
Apex Clearing Corporation Attn: Brian Darby One Dallas Center 350 M St. Paul Suite 1300 Dallas TX 75201
Bank of America, NA/gwim Trust Operations Attn: Sharon Brown 1201 Main St 9th Floor Dallas TX 75202
Barclays Bank PLC New York Branch Barclaysbank Plc-lnbr Attn: Anthony Sciaraffo 1301 Sixth Ave New York NY 10019
Barclays Bank PLC New York Branch Barclaysbank Plc-lnbr Corporate Actions 200 Cedar Knolls Rd Whippany NJ 07981
Barclays Capital Inc./le Attn: Anthony Sciaraffo 1301 Sixth Ave New York NY 10019
Barclays Capital Inc./le Attn: Anthony Sciaraffo Corporate Actions 400 Jefferson Park Whippany NJ 07981
Barclays Capital Inc./le Attn: Giovanna Laurella, Vice President 70 Hudson St 7th Floor Jersey City NJ 07302
BMO Nesbitt Burns Inc./cds** Attn: Louise Torangeau & Phuthorn Penikett 1 First Canadian Pl 13th Floor PO Box 150 Toronto ON M5X 1H3 Canada
BMO Nesbitt Burns Inc./cds** Attn: Phuthorn Penikett 250 Yonge St 14th Floor Toronto ON M5B 2M8 Canada
BNP Paribas, New York Branch/BNP Paribas Prime Attn: Ronald Persaud, Brokerage Custodian 525 Washington Blvd 9th Floor Jersey City NJ 07310
BNP Paribas, New York Branch/Custody/Client Assets Attn: Dean Galli Ad. D. Joao Ii N. 49 Lisbon 1988-028 Portugal
BNP Paribas, New York Branch/Custody/Client Assets Attn: Russell Yap Corporate Actions 525 Washington Blvd 9th Floor Jersey City NJ 07310
BNY Mellon/re Midcap SPDRS Attn: Jennifer May, Assist Vice President 525 William Penn Pl Pittsburgh PA 15259
Brown Brothers Harriman & Co Attn: Jerry Travers 525 Washington Blvd Jersey City NJ 07310
CDS Clearing & Depository Services Inc.** Attn: Loretta Verelli 600 Blvd de Maisonneuve Ouest Bureau 210 Montreal QC H3A 3J2 Canada
Cetera Investment Services LLC Attn: Ashley Roelike & Angela Handeland Corporate Actions 400 1st St S Suite 300 St. Cloud MN 56301
Charles Schwab & Co Inc. Corporate Actions Dept: 01-1b572 Attn: Christina Young 2423 E Lincoln Dr Phoenix AZ 85016-1215
CIBC World Markets Inc./cds** Attn: Roderick Roopsingh Canadian Imperial Bank of Commerce 22 Front St W 7th Floor Toronto ON M5J 2W5 Canada
Citadel Securities LLC Attn: Kevin Newstead & Rachel Galdones Corporate Actions 131 South Dearborn St 35th Floor Chicago IL 60603
Citibank, NA Attn: Paul Watters & Sherida Sinanan 3801 Citibank Center B/3rd Floor/zone 12 Tampa FL 33610
COR Clearing LLC Attn: Anh Mechals 9300 Underwood Ave Suite 400 Omaha NE 68114
COR Clearing LLC Attn: Luke Holland 1200 Landmark Center Suite 800 Omaha NE 68102
COR Clearing LLC c/o Mediant Communication Issuer Services 8000 Regency Pkwy Cary NC 27518
Credential Securities Inc./cds** Attn: Corporate Actions 1111 W Georgia St Suite 700 Vancouver BC V6E 4T6 Canada
Credit Suisse Securities (USA) LLC Attn: Anthony Milo Global Proxy Services 7033 Louis Stevens Dr Research Triangle Park NC 27709
Credit Suisse Securities (USA) LLC c/o Broadridge 51 Mercedes Way Edgewood NY 11717
Crest International Nominees Ltd Attn: Nathan Ashworth 33 Cannon St London EC4M 5SB United Kingdom
D A Davidson & Co Attn: Debbie Gyger & Rita Linskey 8 Third St N Great Falls MT 59401
Deseret Trust Company - I Issuer Services 51 Mercedes Way Edgewood NY 11717
Desjardins Securities Inc./cds** Attn: Corporate Actions Valeurs Mobiliares Desjardins 2 Complexe Desjardins Tour Est Niveau 62 E1-22 Montreal QC H5B 1J2 Canada
Desjardins Securities Inc./cds** Attn: Reorgonization Department 1 Complexe Desjardins C.p. 34, Succ Esjardins Montreal QC H5B 1E4 Canada
Desjardins Securities Inc./cds** Attn: Veronique Lemieux 1060 University St Suite 101 Montreal QC H3B 5L7 Canada
Deutsche Bank Securities Inc. Attn: Sara Batten 5022 Gate Parkway Suite 100 Jacksonville FL 32256
Deutsche Bank Securities Inc. c/o Services New Jersey Inc. Attn: Eric Herbst 5201 Gate Pkwy Jacksonville FL 32256
E*trade Clearing LLC Attn: John Rosenbach 1271 Avenue of the Americas 14th Floor New York NY 10020
E*trade Clearing LLC c/o Broadridge Attn: Corporate Actions Dept. 2 Journal Square Plaza 5th Floor Jersey City NJ 07306
Edward D Jones & Co Attn: Derek Adams 12555 Manchester Rd St Louis MO 63131
Edward D Jones & Co Attn: Elizabeth Rolwes Corporate Actions 201 Progress Pkwy Maryland Heights MO 63043-3042
Electronic Transaction Clearing, Inc. Attn: Kevin Murphy 660 S Figueroa St Suite 1450 Los Angeles CA 90017
First Clearing, LLC Attn: Corporate Actions 2801 Market St H0006-09B St. Louis MO 63103
Foliofn Investments Inc. Attn: Ashley Theobald 8180 Greensboro Dr 8th Floor Mclean VA 22102
GMP Securities Lp/cds** Attn: Marino Meggetto 145 King St W Suite 300 Toronto ON M5H 1J8 Canada
Goldman Sachs & Co LLC Attn: Steve Berrios - Corporate Actions 100 Burma Rd Jersey City NJ 07305
Goldman Sachs & Co LLC Proxy Hotline 1 30 Hudson St Proxy Department Jersey City NJ 07302
Hilltop Securities Inc. Attn: Bonnie Allen & Rhonda Jackson 1201 Elm St Suite 3500 Dallas TX 75270-2180
HSBC Bank USA, NA/clearing Attn: Howard Dash 452 5th Ave New York NY 10018
HSBC Bank USA, NA/clearing Attn: Leon Schnitzpahn One Hanson Place Lower Level Brooklyn NY 11243
Interactive Brokers Retail Equity Clearing Attn: Karin Mccarthy 8 Greenwich Office Park Greenwich CT 06831
JP Morgan Chase Bank JP Morgan Proprietary Asset Account Attn: Nore Scarlett - Administrator 4 New York Plaza 11th Floor New York NY 10004
JP Morgan Chase Bank NA/fbo Blackrock Ctf Attn: Corporate Actions 14201 Dallas Pkwy 12th Floor Dallas TX 75254
JP Morgan Chase Bank, NA Attn: Marcin Bieganski 14201 Dallas Pkwy 12th Floor Dallas TX 75254
JP Morgan Chase Bank, NA Attn: Sachin Goyal 500 Stanton Christiana Rd Ops 4 Floor 02 Newark DE 19713-2107
JP Morgan Chase Bank/Euroclear Bank Attn: Corporate Actions 14201 Dallas Pkwy Floor 12 - Corp Actions Dept Dallas TX 75254
JP Morgan Chase Bank/Euroclear Bank Attn: Sachin Goyal Corporate Actions 500 Stanton Christiana Rd Ops 4, Floor 02 Newark DE 19713-2107
JP Morgan Chase Bank/IA Attn: Marcin Bieganski Corporate Actions 14201 Dallas Pkwy 12th Floor Dallas TX 75254
JP Morgan Clearing Corp Attn: John Fay 500 Stanton Christiana Road Ops 4, Floor 03 NCC5 Newark DE 19713-2107
JP Morgan Clearing Corp Attn: Marcin Bieganski 14201 Dallas Pkwy 12th Floor Dallas TX 75254
LEK Securities Corporation Attn: Corporate Actions One Liberty Plaza 52nd Floor New York NY 10006
LEK Securities Corporation Attn: Daniel Hanuka Corporate Actions 140 Broadway 29th Floor New York NY 10005
LPL Financial Corporation Attn: Jacqui Teague & Kristin Kennedy Corporate Actions 1055 LPL Way Fort Mill SC 29715
In re: Francesca's Holdings Corporation, et al.
Case No. 20-13076 (BLS) Page 1 of 2

https://cases.stretto.com/public/X111/10669/PLEADINGS/1066912172080000000010.pdf

NEW Annual Meeting of Shareholders
Proxy Statement
2020
https://www.sec.gov/Archives/edgar/data/19617/000119312520098865/d822689ddef14a.htm

Lock-Up Agreements 

Lock-Up Agreements  Avantor, Inc.

Lock-Up Agreement
May 20, 2020

Goldman Sachs & Co. LLC

J.P. Morgan Securities LLC

As representatives of the several Underwriters
named in Schedule I to the Underwriting Agreement

c/o Goldman Sachs & Co. LLC
200 West Street
New York, NY 10282-2198

c/o J.P. Morgan Securities LLC
383 Madison Avenue
New York, New York 10179

Re: Avantor, Inc. - Lock-Up Agreement    https://www.sec.gov/Archives/edgar/data/886982/000110465920067766/tm2021312d1_ex-8.htm

House Hearing, 116th Congress — HOLDING MEGABANKS ACCOUNTABLE: A REVIEW OF GLOBAL SYSTEMICALLY IMPORTANT BANKS 10 YEARS AFTER THE FINANCIAL CRISIS
116th Congress (2019-2020)
https://www.congress.gov/event/116th-congress/house-event/LC64813/text?s=1&r=5  

HOLDING MEGABANKS ACCOUNTABLE: A REVIEW
OF GLOBAL SYSTEMICALLY IMPORTANT BANKS
10 YEARS AFTER THE FINANCIAL CRISIS
HEARING
BEFORE THE
COMMITTEE ON FINANCIAL SERVICES
U.S. HOUSE OF REPRESENTATIVES
ONE HUNDRED SIXTEENTH CONGRESS
FIRST SESSION
APRIL 10, 2019
Printed for the use of the Committee on Financial Services
Serial No. 116–18 
https://www.congress.gov/116/chrg/CHRG-116hhrg37449/CHRG-116hhrg37449.pdf  (680 pages)

NEW   The Statement of the Chinese Embassy in the United States for Taking Over the Consular Jurisdiction of the Consulate-General in Houston
2020/07/24

On July 21, the US abruptly demanded that the Chinese Consulate-General in Houston cease all operations and events within a time limit. This decision seriously violates international law, basic norms governing international relations and the Consular Convention Between China and the United States. China strongly condemns and firmly opposes this move that sabotages China-US relations, and urges the US side to immediately revoke its erroneous decision.

The Chinese Embassy and Consulates-General in the United States have always been committed to the healthy and stable development of China-US relations, to China-US exchanges and cooperation and to the two peoples' friendship. The US move has seriously damaged the regular exchanges and cooperation between the people of the southern part of the United States and China and their right for consular services from the Chinese government. It is completely against the people's will.

Taking into account of the desire and needs of the southern part of the US for continued exchanges and cooperation with China and the practical difficulties that may come up, the Chinese Embassy in the United States will temporarily take over the work of the Consulate-General in Houston, and continue the various services for the people in the consular district.  http://www.china-embassy.org/eng/zmgxss/t1800766.htm  NOTE: Actually, China is controlling the US Embassy sites. jt
    

Book Runners  2020 NEW

INTERESTING    NEW

 JPMorgan Chase have been indicted  fourth criminal probe of the bank in the past 8 years by the U.S. Department of Justice

Andrew George Tomlinson NEW

NEW Portuguese Banker Named in Angola Fraud Case Is Found Dead
Prosecutors called him a suspect in probe of alleged money laundering by ex-president’s daughter
A private-banking director at EuroBic apparently hanged himself, Lisbon police said.

PHOTO: PATRICIA DE MELO MOREIRA/AGENCE FRANCE-PRESSE/GETTY IMAGES
By Patricia Kowsmann and Margot Patrick
Updated Jan. 23, 2020 7:05 pm ET

A Portuguese banker was found dead after being identified as a suspect in a fraud case against Isabel dos Santos, the daughter of Angola’s former president.

Nuno Ribeiro da Cunha, 45 years old, apparently hanged himself and had attempted suicide earlier this month, Lisbon police said. His death came after Angola prosecutors identified him Wednesday at a press conference in Luanda, the African nation’s capital, as a suspect in a wide-ranging investigation of alleged money laundering and fraud by Ms. dos Santos.

She and three business associates were also named suspects.

Mr. Ribeiro da Cunha was a private-banking director at EuroBic, a Portuguese bank that Ms. dos Santos partly owns, according to press reports in Portugal. His body was discovered Wednesday in a garage in an upscale Lisbon neighborhood, police said in a statement Thursday. Representatives for EuroBic didn’t respond to a request for comment.

Prosecutors in Angola allege that Ms. dos Santos and others carried out transactions with government-owned companies that resulted in a $1.14 billion loss for the state. In December, an Angola court froze her assets in the country, according to a court order reviewed by The Wall Street Journal.
https://www.wsj.com/articles/portuguese-banker-named-in-angola-fraud-case-is-found-dead-11579823198

BlackRock,Inc   Updated



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1934 Act/Rule 14a-8

February 11, 2020

VIA E-MAIL (shareholderproposals@sec.gov)
Office of Chief Counsel
Division of Corporation Finance
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549

Re: JPMorgan Chase & Co.
Shareholder Proposal of Thomas Strobhar

Dear Ladies and Gentlemen:
This letter concerns the request, dated January 13, 2020 (the “Initial Request Letter”),
that we submitted on behalf of our client JPMorgan Chase & Co., a Delaware corporation (the
“Company”), seeking confirmation that the staff (the “Staff”) of the Division of Corporation
Finance of the U.S. Securities and Exchange Commission (the “Commission”) will not
recommend enforcement action to the Commission if, in reliance on Rule 14a-8 under the
Securities Exchange Act of 1934 (the “Exchange Act”), the Company omits the enclosed
shareholder proposal (the “Proposal”) and supporting statement (the “Supporting Statement”)
submitted by Thomas Strobhar (the “Proponent”) from the Company’s proxy materials for its
2020 Annual Meeting of Shareholders (the “2020 Proxy Materials”).

We submit this letter on behalf of the Company to supplement the Initial Request Letter
and to reflect a recent Staff position regarding the application of Rule 14a-8(i)(10). We also
renew our request for confirmation that the Staff will not recommend enforcement action to the
Commission if the Company omits the Proposal from its 2020 Proxy Materials in reliance on
Rule 14a-8. We have concurrently sent copies of this correspondence to the Proponent’s
Representative.

Pursuant to the guidance provided in Section F of Staff Legal Bulletin 14F (Oct. 18,
2011), we ask that the Staff provide its response to the Initial Request letter and this
*** FISMA & OMB Memorandum M-07-16
82363104-01-18  https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2020/strobharjpmorgan031320-14a8.pdf
 

2021

2021- Blackrock  

Benjamin de Rothschild Dead at 57.

Common Stock of The Boeing Company    JPMorgan Structured Investments —



NEW Press Release
SEC Issues Amendments, Seeks Public Comment on Holding Foreign Companies Accountable Act
FOR IMMEDIATE RELEASE
2021-53

Washington D.C., March 24, 2021 —
The Securities and Exchange Commission has adopted interim final amendments to implement congressionally mandated submission and disclosure requirements of the Holding Foreign Companies Accountable Act (HFCA Act).

The interim final amendments will apply to registrants that the Commission identifies as having filed an annual report on Forms 10-K, 20-F, 40-F or N-CSR with an audit report issued by a registered public accounting firm that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (PCAOB) has determined it is unable to inspect or investigate completely because of a position taken by an authority in that jurisdiction. Before any registrant will have to comply with the interim final amendments, the Commission must implement a process for identifying such a registrant. Thus, the Commission is seeking public comment on this identification process.

Consistent with the HFCA Act, the amendments will require any such identified registrant to submit documentation to the Commission establishing that the registrant is not owned or controlled by a governmental entity in that foreign jurisdiction, and will also require disclosure in a foreign issuer’s annual report regarding the audit arrangements of, and governmental influence on, such a registrant. The Commission is seeking public comment on these submission and disclosure requirements. The HFCA Act requires the Commission to issue rules within 90 days of the date of enactment to establish the manner and form in which registrants must comply with the documentation submission requirement. The Commission is issuing the interim final amendments to comply with this 90-day deadline.

The Commission staff is actively assessing how best to implement other requirements of the HFCA Act not subject to the 90-day deadline, including the identification process and the trading prohibition requirements.

* * *

FACT SHEET
March 24, 2021


Background

The HFCA Act became law on December 18, 2020. Among other things, Section 2 of the HFCA Act amended Section 104 of the Sarbanes-Oxley Act of 2002 to require the Commission to identify each “covered issuer” that has retained a registered public accounting firm to issue an audit report where that firm has a branch or office located in a foreign jurisdiction, and the PCAOB has determined that it is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction. The interim final amendments adopting release seeks comment on this requirement.

These registrants, identified as “Commission-Identified Issuers,” will be required to submit documentation to the Commission on or before the annual report due date that establishes that they are not owned or controlled by a governmental entity in that foreign jurisdiction. The interim final amendments implement a process for this documentation requirement, consistent with the HFCA Act’s 90-day deadline. In addition, if the registrant is determined to be a Commission-Identified Issuer for three consecutive years, Section 2 of the HFCA Act directs the Commission to prohibit trading of the registrant’s securities. The Commission staff is assessing how best to implement this requirement, which is not subject to the 90-day deadline.

Section 3 of the HFCA Act provides that Commission-Identified Issuers that are foreign issuers, as defined in Exchange Act Rule 3b-4, are subject to these additional specified disclosure requirements:

During the period covered by the form, the above-referenced registered public accounting firm has prepared an audit report for the issuer;
The percentage of the shares of the issuer owned by governmental entities in the foreign jurisdiction in which the issuer is incorporated or otherwise organized;
Whether governmental entities in the applicable foreign jurisdiction with respect to that registered public accounting firm have a controlling financial interest with respect to the issuer;
The name of each official of the Chinese Communist Party who is a member of the board of directors of the issuer or the operating entity with respect to the issuer; and
Whether the articles of incorporation of the issuer (or equivalent organizing document) contains any charter of the Chinese Communist Party, including the text of any such charter.
The interim final amendments update relevant forms to provide for these disclosure requirements.


What’s Next?

The interim final amendments become effective 30 days after publication in the Federal Register and comments on the amendments are due by the same date. The Commission is requesting public comment regarding implementation of the HFCA submission and disclosure requirements, as well as the appropriate mechanics for determining Commission-Identified Issuers. A registrant will not be required to comply with the amendments until the Commission has identified it as having a non-inspection year under a process to be subsequently established by the Commission with appropriate notice. Once identified, a registrant will be required to comply with the amendments in its annual report for each fiscal year in which it is identified. The Commission plans to separately address implementation of the trading prohibitions in Section 2 of the HFCA Act in a future notice and comment process.
###

https://www.sec.gov/news/press-release/2021-53?utm_medium=email&utm_source=govdelivery

SECURITIES AND EXCHANGE COMMISSION
17 CFR PARTS 249 and 274
[Release No. 34-91364; IC-34227; File No. S7-03-21]
RIN 3235-AM84
Holding Foreign Companies Accountable Act Disclosure
AGENCY: Securities and Exchange Commission.
ACTION: Interim final rule; request for comment.
SUMMARY: We are adopting interim final amendments to Forms 20-F, 40-F, 10-K, and NCSR to implement the disclosure and submission requirements of the Holding Foreign
Companies Accountable Act (“HFCA Act”). The interim final amendments will apply to
registrants that the Securities and Exchange Commission (“Commission”) identifies as having
filed an annual report with an audit report issued by a registered public accounting firm that is
located in a foreign jurisdiction and that the Public Company Accounting Oversight Board
(“PCAOB”) is unable to inspect or investigate completely because of a position taken by an
authority in that jurisdiction. Consistent with the HFCA Act, the amendments require the
submission of documentation to the Commission establishing that such a registrant is not owned
or controlled by a governmental entity in that foreign jurisdiction and also require disclosure in a
foreign issuer’s annual report regarding the audit arrangements of, and governmental influence
on, such registrants.

... A registrant that is a foreign issuer, as defined in 17 CFR 240.3b-4, identified by
the Commission pursuant to Section 104(i)(2)(A) of the Sarbanes-Oxley Act of 2002 (15 U.S.C.
7214(i)(2)(A)), as having retained, for the preparation of the audit report on its financial
statements included in the Form N-CSR, a registered public accounting firm that has a branch or
office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight
Board has determined it is unable to inspect or investigate completely because of a position taken
by an authority in the foreign jurisdiction, for each year in which the registrant is so identified,
must disclose:
(1) That, for the immediately preceding annual financial statement period, a
registered public accounting firm that the PCAOB was unable to inspect or investigate
completely, because of a position taken by an authority in the foreign jurisdiction, issued an audit
report for the registrant;
(2) The percentage of shares of the registrant owned by governmental entities in the
foreign jurisdiction in which the registrant is incorporated or otherwise organized;
(3) Whether governmental entities in the applicable foreign jurisdiction with respect
to that registered public accounting firm have a controlling financial interest with respect to the
registrant;
(4) The name of each official of the Chinese Communist Party who is a member of
the board of directors of the registrant or the operating entity with respect to the registrant; and (5) Whether the articles of incorporation of the registrant (or equivalent organizing
document) contains any charter of the Chinese Communist Party, including the text of any such
charter.
* * * * *
By the Commission.
Dated: March 18, 2021
Vanessa A. Countryman,
Secretary

https://www.sec.gov/rules/interim/2021/34-91364.pdf

Ever wonder why some on/off line media charges so much for 'NEWS'

Inside JPMorgan's $30 billion push for racial equity in the economy — and within its own walls
Marguerite Ward and Allana Akhtar
Mar 22, 2021, 12:00 PM
jamie dimon jp morgan diversity 2x1

In the wake of George Floyd's killing, JPMorgan CEO Jamie Dimon told executives to be bold in drafting plans to help end racial inequity. https://www.businessinsider.com/jpmorgan-racial-equity-economy-within-own-walls-2021-3

 NEW    JPMORGAN CHASE  ORGANAZATIONAL CHART

Report on Company's Involvement with Business Roundtable "Statement on the Purpose
of a Corporation"
Whereas, our Company's Chief Executive Officer (CEO) Jamie Dimon signed a Business
Roundtable (BRT) "Statement on the Purpose of a Corporation," (Statement) in August 2019,
committing our Company to serve all stakeholders - including employees, customers, supply
chains, communities where we operate- and shareholders. 1
Existing governance documents evolved in the still legally mandated system of shareholder
primacy, but the Statement articulates a new purpose, moving away from shareholder primacy
and including commitment to all stakeholders. The Statement may or may not be beneficial to
associate with our brand, but as company policy, it may conflict with existing corporate law
unless, and possibly even if, it is integrated into Company governance documents, including
bylaws, articles of incorporation, and/or committee charters.
A stakeholder model would shift corporate focus from value creation to concerns generally
referred to as Environmental, Social and Governance (ESG) issues. CEO Dimon works hard to
indicate Company commitment to such causes, touting the Company's commitments to
sustainable climate policies for our companies and others,2 and to ESG policies such as carbon
taxes and surface-characteristic diversity achieved through compensation-based quotas. 3
For consistency and the avoidance of legal risk, our Company should not endorse positions with
which it has not or cannot conform itself. We currently engage in actions that seem to contradict
the Statement. Just two examples:
And
Our Company has recently been required to pay a nearly $1 billion fine as
punishment for its manipulation of commodity markets over many years, injuring
the public for unearned private gain.
4
• Our Company has endangered the lives and health of employees, their fami lies
and community members, and undermined health-care resources in many
communities, by demanding early return of employees to offices that then
experienced outbreaks, and by failing to fully inform employees of infections at
their facilities. 5

And while the Statement implies accountability to stakeholders, without clear mechanjsms in
place to implement the Purpose, this broadened standard could reduce real accountability to
shareholders and all stakeholders generally and in effect, result in genuine accountability to
none. This would violate both the letter andthe spirit of the Statement.


Resolved: Shareholders request our Board prepare a report based on a review of the B RT
Statement of the Purpose of a Corporation, signed by our Chief Executive Officer, and provide
the board's perspective regarding.how our Company's governance and manage1nent systems.can
be altered to fully implement the Staternentof Purpose, or, in the aHernative, what our Company
should do if the Statement cannotbe reconciled with current practices and corninitnients. The
report may include the Board1s perspective on benefits and drawbacks of the options considered,
as well as the Board's recommendations.
Supporting Statement
Given the Company's inconsistent actions related to the Statement of Purpose, the Board might
after full investigation consider the option of rescinding the CE01s signature and Company's
name from that document. ...

Ownership Verification
To demonstrate eligibility to submit a proposal, Rule 14a-8(b) provides that a shareholder must
submit sufficient proof that it has continuously held at least $2,000 in market value, or 1%, of a
company’s shares entitled to vote on the proposal for at least one year preceding and including the
date the proposal was submitted.
JPMC’s stock records do not indicate that the Proponent is the record owner of sufficient shares to
satisfy this requirement. In addition, we have not received proof that the Proponent has satisfied the
applicable ownership requirements as of November 23, 2020, the date the Proposal was submitted
to JPMC. Accordingly, the Proponent has not demonstrated its eligibility to submit the Proposal.Material

Non-Public Information (MNPI), also known as inside information, is information
not known by the public but if it were, would likely affect the market price of the securities
issued by a company (ours or any other) or be considered important to a reasonable
investor in deciding to buy or sell those securities.
Buying or selling securities while in possession of MNPI that is acquired by virtue of
Supplier’s relationship with the firm is strictly prohibited, as is the communication of that
information to others, whether expressly or by making a recommendation for the purchase
or sale of securities based upon that information.
MNPI must be safeguarded and should only be shared with those who have a business
need for knowing the information. Need-to-know is where such information is necessary to
carry out one’s job responsibilities and the sharing is in connection with fulfilling those
responsibilities to the firm. [excerts-Click link for full document:
https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/2021/ncpprjpmorgan011221-14a8-incoming.pdf     NEW

NEW The administration also plans to nominate Jen Easterly, a former NSA intelligence officer who helped stand up U.S. Cyber Command more than a decade ago, to head the Cybersecurity and Infrastructure Security Agency, according to U.S. officials, who spoke on the condition of anonymity to describe nominations that are not yet public. ... Easterly, a managing director at Morgan Stanley and global head of the firm’s cybersecurity fusion center, was one of the “Four Horsemen” — a quartet of military officers asked by Alexander to make the case to create Cyber Command. One of the other four, then-Col. Paul Nakasone, is now a four-star general heading both Cyber Command and the NSA.

Easterly, like Neuberger, is close to Nakasone. She served on the Biden transition team handling cyber policy issues.   https://www.msn.com/en-us/news/politics/biden-administration-plans-to-name-former-senior-nsa-officials-to-white-house-cyber-position-and-head-of-cisa/ar-BB1fy11T?ocid=iehp&li=BBnb7Kz

 
NEW Our Berried U.S. Treasury
Asleep in Seattle, Double Mint Gumshoes are No Longer Clueless in Fort Wayne
4/02/2021   http://www.frankkryder.com/index.html  Note: I will do a follow-up, of my own research, for "Our Berried U.S. Treasury. jt   Raytheon

Citigroup worldwide      NEW

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION   NEW

JPMorgan board gives CEO 1.5 million stock options to stick around.

JPMorgan Chase & Co said on Tuesday it has awarded Chief Executive Officer Jamie Dimon 1.5 million options in the form of stock appreciation rights. "This special award reflects the board's desire for Mr. Dimon to continue to lead the firm for a further significant number of years," the bank's board said in a filing. The reward will vest so long as Dimon remains employed by JPMorgan, or if he leaves the bank for government office or because of a disability, according to the filing                                                           .[© 2021 Verizon Media. All rights reserved.] https://finance.yahoo.com/quote/JPM/

State of California lobbists 2019-2020

Big banks win dismissal

Michelle Avan      Bank of America banker murdered

Sajid Javid  JPMORGAN

BlackRock Thinks

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