In 1912 the Pujo hearings were held, addressing concentration of power on Wall Street.

The Pujo Committee report created a climate of public opinion that lead to the passage of the Federal Reserve Act of 1913 and the Clayton Antitrust Act of 1914. The hearings were conducted between May 16, 1912 and February 26, 1913

That same year[1912] Mrs. Edward Harriman sold her substantial shares in New York’s Guaranty Trust Bank to J.P. Morgan, creating Morgan Guaranty Trust. Judge Louis Brandeis convinced President Woodrow Wilson to call for an end to interlocking board directorates.

In 1914 the Clayton Anti-Trust Act was passed.

Jack Morgan – J. Pierpont’s son and successor – responded by calling on Morgan clients Remington and Winchester to increase arms production.

He argued that the US needed to enter WWI.

Goaded by the Carnegie Foundation and other oligarchy fronts, Wilson accommodated.

As Charles Tansill wrote in America Goes to War, “Even before the clash of arms, the French firm of Rothschild Freres cabled to Morgan & Company in New York suggesting the flotation of a loan of $100 million, a substantial part of which was to be left in the US to pay for French purchases of American goods.”

The House of Morgan financed half the US war effort, while receiving commissions for lining up contractors like GE, Du Pont, US Steel, Kennecott and ASARCO. All were Morgan clients. Morgan also financed the British Boer War in South Africa and the Franco-Prussian War. The 1919 Paris Peace Conference was presided over by Morgan, which led both German and Allied reconstruction efforts. [11]

In the 1930’s populism resurfaced in America after Goldman Sachs, Lehman Bank and others profited from the Crash of 1929.

[12] House Banking Committee Chairman Louis McFadden (D-NY) said of the Great Depression, “It was no accident. It was a carefully contrived occurrence…The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all”.

Sen. Gerald Nye (D-ND) chaired a munitions investigation in 1936. Nye concluded that the House of Morgan had plunged the US into WWI to protect loans and create a booming arms industry. Nye later produced a document titled The Next War, which cynically referred to “the old goddess of democracy trick”, through which Japan could be used to lure the US into WWII.

In 1937 Interior Secretary Harold Ickes warned of the influence of “America’s 60 Families”. Historian Ferdinand Lundberg later penned a book of the exact same title. Supreme Court Justice William O. Douglas decried, “Morgan influence…the most pernicious one in industry and finance today.”

Jack Morgan responded by nudging the US towards WWII. Morgan had close relations with the Iwasaki and Dan families – Japan’s two wealthiest clans – who have owned Mitsubishi and Mitsui, respectively, since the companies emerged from 17th Century shogunates. When Japan invaded Manchuria, slaughtering Chinese peasants at Nanking, Morgan downplayed the incident. Morgan also had close relations with Italian fascist Benito Mussolini, while German Nazi Dr. Hjalmer Schacht was a Morgan Bank liaison during WWII. After the war Morgan representatives met with Schacht at the Bank of International Settlements (BIS) in Basel, Switzerland. [13]

The House of Rockefeller

BIS is the most powerful bank in the world, a global central bank for the Eight Families who control the private central banks of almost all Western and developing nations. The first President of BIS was Rockefeller banker Gates McGarrah- an official at Chase Manhattan and the Federal Reserve. McGarrah was the grandfather of former CIA director Richard Helms. The Rockefellers- like the Morgans- had close ties to London. David Icke writes in Children of the Matrix, that the Rockefellers and Morgans were just “gofers” for the European Rothschilds. [14]

BIS is owned by the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank, Bundesbank and Bank of France.

Historian Carroll Quigley wrote in his epic book Tragedy and Hope that BIS was part of a plan, “to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements.”
The US government had a historical distrust of BIS, lobbying unsuccessfully for its demise at the 1944 post-WWII Bretton Woods Conference. Instead the Eight Families’ power was exacerbated, with the Bretton Woods creation of the IMF and the World Bank. The US Federal Reserve only took shares in BIS in September 1994. [15]

BIS holds at least 10% of monetary reserves for at least 80 of the world’s central banks, the IMF and other multilateral institutions. It serves as financial agent for international agreements, collects information on the global economy and serves as lender of last resort to prevent global financial collapse.

BIS promotes an agenda of monopoly capitalist fascism. It gave a bridge loan to Hungary in the 1990’s to ensure privatization of that country’s economy. It served as conduit for Eight Families funding of Adolf Hitler- led by the Warburg’s J. Henry Schroeder and Mendelsohn Bank of Amsterdam. Many researchers assert that BIS is at the nadir of global drug money laundering. [16]

It is no coincidence that BIS is headquartered in Switzerland, favorite hiding place for the wealth of the global aristocracy and headquarters for the P-2 Italian Freemason’s Alpina Lodge and Nazi International. Other institutions which the Eight Families control include the World Economic Forum, the International Monetary Conference and the World Trade Organization.

Bretton Woods was a boon to the Eight Families. The IMF and World Bank were central to this “new world order”. In 1944 the first World Bank bonds were floated by Morgan Stanley and First Boston. The French Lazard family became more involved in House of Morgan interests. Lazard Freres- France’s biggest investment bank- is owned by the Lazard and David-Weill families- old Genoese banking scions represented by Michelle Davive. A recent Chairman and CEO of Citigroup was Sanford Weill.

In 1968 Morgan Guaranty launched Euro-Clear, a Brussels-based bank clearing system for Eurodollar securities. It was the first such automated endeavor. Some took to calling Euro-Clear “The Beast”. Brussels serves as headquarters for the new European Central Bank and for NATO. In 1973 Morgan officials met secretly in Bermuda to illegally resurrect the old House of Morgan, twenty years before Glass Steagal Act was repealed. Morgan and the Rockefellers provided the financial backing for Merrill Lynch, boosting it into the Big 5 of US investment banking. Merrill is now part of Bank of America.

John D. Rockefeller used his oil wealth to acquire Equitable Trust, which had gobbled up several large banks and corporations by the 1920’s. The Great Depression helped consolidate Rockefeller’s power. His Chase Bank merged with Kuhn Loeb’s Manhattan Bank to form Chase Manhattan, cementing a long-time family relationship. The Kuhn-Loeb’s had financed – along with Rothschilds – Rockefeller’s quest to become king of the oil patch. National City Bank of Cleveland provided John D. with the money needed to embark upon his monopolization of the US oil industry. The bank was identified in Congressional hearings as being one of three Rothschild-owned banks in the US during the 1870’s, when Rockefeller first incorporated as Standard Oil of Ohio. [17]

One Rockefeller Standard Oil partner was Edward Harkness, whose family came to control Chemical Bank. Another was James Stillman, whose family controlled Manufacturers Hanover Trust. Both banks have merged under the JP Morgan Chase umbrella. Two of James Stillman’s daughters married two of William Rockefeller’s sons. The two families control a big chunk of Citigroup as well. [18]

In the insurance business, the Rockefellers control Metropolitan Life, Equitable Life, Prudential and New York Life. Rockefeller banks control 25% of all assets of the 50 largest US commercial banks and 30% of all assets of the 50 largest insurance companies. [19] Insurance companies- the first in the US was launched by Freemasons through their Woodman’s of America- play a key role in the Bermuda drug money shuffle.

Companies under Rockefeller control include Exxon Mobil, Chevron Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO, United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing, Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer, Motorola, Monsanto, Union Carbide and General Foods.

The Rockefeller Foundation has close financial ties to both Ford and Carnegie Foundations. Other family philanthropic endeavors include Rockefeller Brothers Fund, Rockefeller Institute for Medical Research, General Education Board, Rockefeller University and the University of Chicago- which churns out a steady stream of far right economists as apologists for international capital, including Milton Friedman.

The family owns 30 Rockefeller Plaza, where the national Christmas tree is lighted every year, and Rockefeller Center. David Rockefeller was instrumental in the construction of the World Trade Center towers. The main Rockefeller family home is a hulking complex in upstate New York known as Pocantico Hills. They also own a 32-room 5th Avenue duplex in Manhattan, a mansion in Washington, DC, Monte Sacro Ranch in Venezuela, coffee plantations in Ecuador, several farms in Brazil, an estate at Seal Harbor, Maine and resorts in the Caribbean, Hawaii and Puerto Rico. [20]

The Dulles and Rockefeller families are cousins. Allen Dulles created the CIA, assisted the Nazis, covered up the Kennedy hit from his Warren Commission perch and struck a deal with the Muslim Brotherhood to create mind-controlled assassins. [21]

Brother John Foster Dulles presided over the phony Goldman Sachs trusts before the 1929 stock market crash and helped his brother overthrow governments in Iran and Guatemala. Both were Skull & Bones, Council on Foreign Relations (CFR) insiders and 33rd Degree Masons. [22]

The Rockefellers were instrumental in forming the depopulation-oriented Club of Rome at their family estate in Bellagio, Italy. Their Pocantico Hills estate gave birth to the Trilateral Commission. The family is a major funder of the eugenics movement which spawned Hitler, human cloning and the current DNA obsession in US scientific circles.

John Rockefeller Jr. headed the Population Council until his death. [23] His namesake son is a Senator from West Virginia. Brother Winthrop Rockefeller was Lieutenant Governor of Arkansas and remains the most powerful man in that state. In an October 1975 interview with Playboy magazine, Vice-President Nelson Rockefeller- who was also Governor of New York- articulated his family’s patronizing worldview, “I am a great believer in planning- economic, social, political, military, total world planning.”

But of all the Rockefeller brothers, it is Trilateral Commission (TC) founder and Chase Manhattan Chairman David who has spearheaded the family’s fascist agenda on a global scale. He defended the Shah of Iran, the South African apartheid regime and the Chilean Pinochet junta. He was the biggest financier of the CFR, the TC and (during the Vietnam War) the Committee for an Effective and Durable Peace in Asia- a contract bonanza for those who made their living off the conflict.

Nixon asked him to be Secretary of Treasury, but Rockefeller declined the job, knowing his power was much greater at the helm of the Chase. Author Gary Allen writes in The Rockefeller File that in 1973, “David Rockefeller met with twenty-seven heads of state, including the rulers of Russia and Red China.”

Following the 1975 Nugan Hand Bank/CIA coup against Australian Prime Minister Gough Whitlam, his British Crown-appointed successor Malcolm Fraser sped to the US, where he met with President Gerald Ford after conferring with David Rockefeller. [24]

*

Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network and The Grateful Unrich: Revolution in 50 Countries. His Left Hook blog is at www.deanhenderson.wordpress.com

Notes

[1] 10K Filings of Fortune 500 Corporations to SEC. 3-91

[2] 10K Filing of US Trust Corporation to SEC. 6-28-95

[3] “The Federal Reserve ‘Fed Up’. Thomas Schauf. www.davidicke.com 1-02

[4] The Secrets of the Federal Reserve. Eustace Mullins. Bankers Research Institute. Staunton, VA. 1983. p.179

[5] Ibid. p.53

[6] The Triumph of Conservatism. Gabriel Kolko. MacMillan and Company New York. 1963. p.142

[7] Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins Publishers. New York. 2000. p.57

[8] The House of Morgan. Ron Chernow. Atlantic Monthly Press NewYork 1990

[9] Marrs. p.57

[10] Democracy for the Few. Michael Parenti. St. Martin’s Press. New York. 1977. p.178

[11] Chernow

[12] The Great Crash of 1929. John Kenneth Galbraith. Houghton, Mifflin Company. Boston. 1979. p.148

[13] Chernow

[14] Children of the Matrix. David Icke. Bridge of Love. Scottsdale, AZ. 2000

[15] The Confidence Game: How Un-Elected Central Bankers are Governing the Changed World Economy. Steven Solomon. Simon & Schuster. New York. 1995. p.112

[16] Marrs. p.180

[17] Ibid. p.45

[18] The Money Lenders: The People and Politics of the World Banking Crisis. Anthony Sampson. Penguin Books. New York. 1981

[19] The Rockefeller File. Gary Allen. ’76 Press. Seal Beach, CA. 1977

[20] Ibid

[21] Dope Inc.: The Book That Drove Kissinger Crazy. Editors of Executive Intelligence Review. Washington, DC. 1992

[22] Marrs.

[23] The Rockefeller Syndrome. Ferdinand Lundberg. Lyle Stuart Inc. Secaucus, NJ. 1975. p.296

[24] Marrs. p.53


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Copyright © Dean Henderson, Global Research, 2020


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Global Research Publishers
 

Of relevance to the current crisis, this carefully researched article was first published by Global Research on June 1, 2011.

(Part one of a four-part series)

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]

So who then are the stockholders in these money center banks?

This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.

One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America. A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. [2]

J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US. They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.

CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches. He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York. Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed. [3] The Schiffs are insiders at Kuhn Loeb. The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century.

Eustace Mullins came to the same conclusions in his book The Secrets of the Federal Reserve, in which he displays charts connecting the Fed and its member banks to the families of Rothschild, Warburg, Rockefeller and the others. [4]

The control that these banking families exert over the global economy cannot be overstated and is quite intentionally shrouded in secrecy. Their corporate media arm is quick to discredit any information exposing this private central banking cartel as “conspiracy theory”. Yet the facts remain.



The House of Morgan

The Federal Reserve Bank was born in 1913, the same year US banking scion J. Pierpont Morgan died and the Rockefeller Foundation was formed. The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London.

Peabody was a business associate of the Rothschilds. In 1952 Fed researcher Eustace Mullins put forth the supposition that the Morgans were nothing more than Rothschild agents. Mullins wrote that the Rothschilds, “…preferred to operate anonymously in the US behind the facade of J.P. Morgan & Company”. [5]

Author Gabriel Kolko stated, “Morgan’s activities in 1895-1896 in selling US gold bonds in Europe were based on an alliance with the House of Rothschild.” [6]

The Morgan financial octopus wrapped its tentacles quickly around the globe. Morgan Grenfell operated in London. Morgan et Ce ruled Paris. The Rothschild’s Lambert cousins set up Drexel & Company in Philadelphia.

The House of Morgan catered to the Astors, DuPonts, Guggenheims, Vanderbilts and Rockefellers. It financed the launch of AT&T, General Motors, General Electric and DuPont. Like the London-based Rothschild and Barings banks, Morgan became part of the power structure in many countries.

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]

Morgan was the driving force behind Western expansion in the US, financing and controlling West-bound railroads through voting trusts. In 1879 Cornelius Vanderbilt’s Morgan-financed New York Central Railroad gave preferential shipping rates to John D. Rockefeller’s budding Standard Oil monopoly, cementing the Rockefeller/Morgan relationship.

The House of Morgan now fell under Rothschild and Rockefeller family control. A New York Herald headline read, “Railroad Kings Form Gigantic Trust”. J. Pierpont Morgan, who once stated, “Competition is a sin”, now opined gleefully, “Think of it. All competing railroad traffic west of St. Louis placed in the control of about thirty men.”[8]

Morgan and Edward Harriman’s banker Kuhn Loeb held a monopoly over the railroads, while banking dynasties Lehman, Goldman Sachs and Lazard joined the Rockefellers in controlling the US industrial base. [9]

In 1903 Banker’s Trust was set up by the Eight Families. Benjamin Strong of Banker’s Trust was the first Governor of the New York Federal Reserve Bank. The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate.

The House of Morgan was cozy with the British House of Windsor and the Italian House of Savoy. The Kuhn Loebs, Warburgs, Lehmans, Lazards, Israel Moses Seifs and Goldman Sachs also had close ties to European royalty. By 1895 Morgan controlled the flow of gold in and out of the US. The first American wave of mergers was in its infancy and was being promoted by the bankers. In 1897 there were sixty-nine industrial mergers. By 1899 there were twelve-hundred. In 1904 John Moody – founder of Moody’s Investor Services – said it was impossible to talk of Rockefeller and Morgan interests as separate. [10]

Public distrust of the combine spread. Many considered them traitors working for European old money. Rockefeller’s Standard Oil, Andrew Carnegie’s US Steel and Edward Harriman’s railroads were all financed by banker Jacob Schiff at Kuhn Loeb, who worked closely with the European Rothschilds.

Several Western states banned the bankers. Populist preacher William Jennings Bryan was thrice the Democratic nominee for President from 1896 -1908. The central theme of his anti-imperialist campaign was that America was falling into a trap of “financial servitude to British capital”. Teddy Roosevelt defeated Bryan in 1908, but was forced by this spreading populist wildfire to enact the Sherman Anti-Trust Act. He then went after the Standard Oil Trust.






READ MORE:Most Americans Don’t Know that the Federal Reserve Banks Are Private Corporations

In 1912 the Pujo hearings were held, addressing concentration of power on Wall Street. That same year Mrs. Edward Harriman sold her substantial shares in New York’s Guaranty Trust Bank to J.P. Morgan, creating Morgan Guaranty Trust. Judge Louis Brandeis convinced President Woodrow Wilson to call for an end to interlocking board directorates. In 1914 the Clayton Anti-Trust Act was passed.

Jack Morgan – J. Pierpont’s son and successor – responded by calling on Morgan clients Remington and Winchester to increase arms production. He argued that the US needed to enter WWI. Goaded by the Carnegie Foundation and other oligarchy fronts, Wilson accommodated. As Charles Tansill wrote in America Goes to War, “Even before the clash of arms, the French firm of Rothschild Freres cabled to Morgan & Company in New York suggesting the flotation of a loan of $100 million, a substantial part of which was to be left in the US to pay for French purchases of American goods.”

The House of Morgan financed half the US war effort, while receiving commissions for lining up contractors like GE, Du Pont, US Steel, Kennecott and ASARCO. All were Morgan clients. Morgan also financed the British Boer War in South Africa and the Franco-Prussian War. The 1919 Paris Peace Conference was presided over by Morgan, which led both German and Allied reconstruction efforts. [11]

In the 1930’s populism resurfaced in America after Goldman Sachs, Lehman Bank and others profited from the Crash of 1929. [12] House Banking Committee Chairman Louis McFadden (D-NY) said of the Great Depression, “It was no accident. It was a carefully contrived occurrence…The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all”.

Sen. Gerald Nye (D-ND) chaired a munitions investigation in 1936. Nye concluded that the House of Morgan had plunged the US into WWI to protect loans and create a booming arms industry. Nye later produced a document titled The Next War, which cynically referred to “the old goddess of democracy trick”, through which Japan could be used to lure the US into WWII.

In 1937 Interior Secretary Harold Ickes warned of the influence of “America’s 60 Families”. Historian Ferdinand Lundberg later penned a book of the exact same title. Supreme Court Justice William O. Douglas decried, “Morgan influence…the most pernicious one in industry and finance today.”

Jack Morgan responded by nudging the US towards WWII. Morgan had close relations with the Iwasaki and Dan families – Japan’s two wealthiest clans – who have owned Mitsubishi and Mitsui, respectively, since the companies emerged from 17th Century shogunates. When Japan invaded Manchuria, slaughtering Chinese peasants at Nanking, Morgan downplayed the incident. Morgan also had close relations with Italian fascist Benito Mussolini, while German Nazi Dr. Hjalmer Schacht was a Morgan Bank liaison during WWII. After the war Morgan representatives met with Schacht at the Bank of International Settlements (BIS) in Basel, Switzerland. [13]

The House of Rockefeller

BIS is the most powerful bank in the world, a global central bank for the Eight Families who control the private central banks of almost all Western and developing nations. The first President of BIS was Rockefeller banker Gates McGarrah- an official at Chase Manhattan and the Federal Reserve. McGarrah was the grandfather of former CIA director Richard Helms. The Rockefellers- like the Morgans- had close ties to London. David Icke writes in Children of the Matrix, that the Rockefellers and Morgans were just “gofers” for the European Rothschilds. [14]

BIS is owned by the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank, Bundesbank and Bank of France.

Historian Carroll Quigley wrote in his epic book Tragedy and Hope that BIS was part of a plan, “to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements.”

The US government had a historical distrust of BIS, lobbying unsuccessfully for its demise at the 1944 post-WWII Bretton Woods Conference. Instead the Eight Families’ power was exacerbated, with the Bretton Woods creation of the IMF and the World Bank. The US Federal Reserve only took shares in BIS in September 1994. [15]

BIS holds at least 10% of monetary reserves for at least 80 of the world’s central banks, the IMF and other multilateral institutions. It serves as financial agent for international agreements, collects information on the global economy and serves as lender of last resort to prevent global financial collapse.

BIS promotes an agenda of monopoly capitalist fascism. It gave a bridge loan to Hungary in the 1990’s to ensure privatization of that country’s economy. It served as conduit for Eight Families funding of Adolf Hitler- led by the Warburg’s J. Henry Schroeder and Mendelsohn Bank of Amsterdam. Many researchers assert that BIS is at the nadir of global drug money laundering. [16]

It is no coincidence that BIS is headquartered in Switzerland, favorite hiding place for the wealth of the global aristocracy and headquarters for the P-2 Italian Freemason’s Alpina Lodge and Nazi International. Other institutions which the Eight Families control include the World Economic Forum, the International Monetary Conference and the World Trade Organization.

Bretton Woods was a boon to the Eight Families. The IMF and World Bank were central to this “new world order”. In 1944 the first World Bank bonds were floated by Morgan Stanley and First Boston. The French Lazard family became more involved in House of Morgan interests. Lazard Freres- France’s biggest investment bank- is owned by the Lazard and David-Weill families- old Genoese banking scions represented by Michelle Davive. A recent Chairman and CEO of Citigroup was Sanford Weill.

In 1968 Morgan Guaranty launched Euro-Clear, a Brussels-based bank clearing system for Eurodollar securities. It was the first such automated endeavor. Some took to calling Euro-Clear “The Beast”. Brussels serves as headquarters for the new European Central Bank and for NATO. In 1973 Morgan officials met secretly in Bermuda to illegally resurrect the old House of Morgan, twenty years before Glass Steagal Act was repealed. Morgan and the Rockefellers provided the financial backing for Merrill Lynch, boosting it into the Big 5 of US investment banking. Merrill is now part of Bank of America.

John D. Rockefeller used his oil wealth to acquire Equitable Trust, which had gobbled up several large banks and corporations by the 1920’s. The Great Depression helped consolidate Rockefeller’s power. His Chase Bank merged with Kuhn Loeb’s Manhattan Bank to form Chase Manhattan, cementing a long-time family relationship. The Kuhn-Loeb’s had financed – along with Rothschilds – Rockefeller’s quest to become king of the oil patch. National City Bank of Cleveland provided John D. with the money needed to embark upon his monopolization of the US oil industry. The bank was identified in Congressional hearings as being one of three Rothschild-owned banks in the US during the 1870’s, when Rockefeller first incorporated as Standard Oil of Ohio. [17]

One Rockefeller Standard Oil partner was Edward Harkness, whose family came to control Chemical Bank. Another was James Stillman, whose family controlled Manufacturers Hanover Trust. Both banks have merged under the JP Morgan Chase umbrella. Two of James Stillman’s daughters married two of William Rockefeller’s sons. The two families control a big chunk of Citigroup as well. [18]

In the insurance business, the Rockefellers control Metropolitan Life, Equitable Life, Prudential and New York Life. Rockefeller banks control 25% of all assets of the 50 largest US commercial banks and 30% of all assets of the 50 largest insurance companies. [19] Insurance companies- the first in the US was launched by Freemasons through their Woodman’s of America- play a key role in the Bermuda drug money shuffle.

Companies under Rockefeller control include Exxon Mobil, Chevron Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO, United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing, Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer, Motorola, Monsanto, Union Carbide and General Foods.

The Rockefeller Foundation has close financial ties to both Ford and Carnegie Foundations. Other family philanthropic endeavors include Rockefeller Brothers Fund, Rockefeller Institute for Medical Research, General Education Board, Rockefeller University and the University of Chicago- which churns out a steady stream of far right economists as apologists for international capital, including Milton Friedman.

The family owns 30 Rockefeller Plaza, where the national Christmas tree is lighted every year, and Rockefeller Center. David Rockefeller was instrumental in the construction of the World Trade Center towers. The main Rockefeller family home is a hulking complex in upstate New York known as Pocantico Hills. They also own a 32-room 5th Avenue duplex in Manhattan, a mansion in Washington, DC, Monte Sacro Ranch in Venezuela, coffee plantations in Ecuador, several farms in Brazil, an estate at Seal Harbor, Maine and resorts in the Caribbean, Hawaii and Puerto Rico. [20]

The Dulles and Rockefeller families are cousins. Allen Dulles created the CIA, assisted the Nazis, covered up the Kennedy hit from his Warren Commission perch and struck a deal with the Muslim Brotherhood to create mind-controlled assassins. [21]

Brother John Foster Dulles presided over the phony Goldman Sachs trusts before the 1929 stock market crash and helped his brother overthrow governments in Iran and Guatemala. Both were Skull & Bones, Council on Foreign Relations (CFR) insiders and 33rd Degree Masons. [22]

The Rockefellers were instrumental in forming the depopulation-oriented Club of Rome at their family estate in Bellagio, Italy. Their Pocantico Hills estate gave birth to the Trilateral Commission. The family is a major funder of the eugenics movement which spawned Hitler, human cloning and the current DNA obsession in US scientific circles.

John Rockefeller Jr. headed the Population Council until his death. [23] His namesake son is a Senator from West Virginia. Brother Winthrop Rockefeller was Lieutenant Governor of Arkansas and remains the most powerful man in that state. In an October 1975 interview with Playboy magazine, Vice-President Nelson Rockefeller- who was also Governor of New York- articulated his family’s patronizing worldview, “I am a great believer in planning- economic, social, political, military, total world planning.”

But of all the Rockefeller brothers, it is Trilateral Commission (TC) founder and Chase Manhattan Chairman David who has spearheaded the family’s fascist agenda on a global scale. He defended the Shah of Iran, the South African apartheid regime and the Chilean Pinochet junta. He was the biggest financier of the CFR, the TC and (during the Vietnam War) the Committee for an Effective and Durable Peace in Asia- a contract bonanza for those who made their living off the conflict.

Nixon asked him to be Secretary of Treasury, but Rockefeller declined the job, knowing his power was much greater at the helm of the Chase. Author Gary Allen writes in The Rockefeller File that in 1973, “David Rockefeller met with twenty-seven heads of state, including the rulers of Russia and Red China.”

Following the 1975 Nugan Hand Bank/CIA coup against Australian Prime Minister Gough Whitlam, his British Crown-appointed successor Malcolm Fraser sped to the US, where he met with President Gerald Ford after conferring with David Rockefeller. [24]

*

Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network and The Grateful Unrich: Revolution in 50 Countries. His Left Hook blog is at www.deanhenderson.wordpress.com

Notes

[1] 10K Filings of Fortune 500 Corporations to SEC. 3-91

[2] 10K Filing of US Trust Corporation to SEC. 6-28-95

[3] “The Federal Reserve ‘Fed Up’. Thomas Schauf. www.davidicke.com 1-02

[4] The Secrets of the Federal Reserve. Eustace Mullins. Bankers Research Institute. Staunton, VA. 1983. p.179

[5] Ibid. p.53

[6] The Triumph of Conservatism. Gabriel Kolko. MacMillan and Company New York. 1963. p.142

[7] Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins Publishers. New York. 2000. p.57

[8] The House of Morgan. Ron Chernow. Atlantic Monthly Press NewYork 1990

[9] Marrs. p.57

[10] Democracy for the Few. Michael Parenti. St. Martin’s Press. New York. 1977. p.178

[11] Chernow

[12] The Great Crash of 1929. John Kenneth Galbraith. Houghton, Mifflin Company. Boston. 1979. p.148

[13] Chernow

[14] Children of the Matrix. David Icke. Bridge of Love. Scottsdale, AZ. 2000

[15] The Confidence Game: How Un-Elected Central Bankers are Governing the Changed World Economy. Steven Solomon. Simon & Schuster. New York. 1995. p.112

[16] Marrs. p.180

[17] Ibid. p.45

[18] The Money Lenders: The People and Politics of the World Banking Crisis. Anthony Sampson. Penguin Books. New York. 1981

[19] The Rockefeller File. Gary Allen. ’76 Press. Seal Beach, CA. 1977

[20] Ibid

[21] Dope Inc.: The Book That Drove Kissinger Crazy. Editors of Executive Intelligence Review. Washington, DC. 1992

[22] Marrs.

[23] The Rockefeller Syndrome. Ferdinand Lundberg. Lyle Stuart Inc. Secaucus, NJ. 1975. p.296

[24] Marrs. p.53


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The Federal Reserve Cartel: The Eight Families By Dean Henderson Global Research, June 19, 2020 Region: USA Theme: Global Economy, History, Oil and Energy 23.7K 3318 1282 166K Of relevance to the current crisis, this carefully researched article was first published by Global Research on June 1, 2011. (Part one of a four-part series) The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths.

But their monopoly over the global economy does not end at the edge of the oil patch. According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1] So who then are the stockholders in these money center banks? This information is guarded much more closely.

My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds.

This is rather ironic, since many of the bank’s stockholders reside in Europe.

One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America.

A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. [2]

J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US.

They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome. CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches.

He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York.

Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed. [3]

The Schiffs are insiders at Kuhn Loeb.

The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century.

Eustace Mullins came to the same conclusions in his book The Secrets of the Federal Reserve, in which he displays charts connecting the Fed and its member banks to the families of Rothschild, Warburg, Rockefeller and the others. [4]

The control that these banking families exert over the global economy cannot be overstated and is quite intentionally shrouded in secrecy.

Their corporate media arm is quick to discredit any information exposing this private central banking cartel as “conspiracy theory”. Yet the facts remain.

 The House of Morgan The Federal Reserve Bank was born in 1913, the same year US banking scion J. Pierpont Morgan died and the Rockefeller Foundation was formed.

The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London.

Peabody was a business associate of the Rothschilds.

In 1952 Fed researcher Eustace Mullins put forth the supposition that the Morgans were nothing more than Rothschild agents. Mullins wrote that the Rothschilds, “…preferred to operate anonymously in the US behind the facade of J.P. Morgan & Company”.

[5] Author Gabriel Kolko stated, “Morgan’s activities in 1895-1896 in selling US gold bonds in Europe were based on an alliance with the House of Rothschild.”

 [6] The Morgan financial octopus wrapped its tentacles quickly around the globe. Morgan Grenfell operated in London. Morgan et Ce ruled Paris. The Rothschild’s Lambert cousins set up Drexel & Company in Philadelphia. The House of Morgan catered to the Astors, DuPonts, Guggenheims, Vanderbilts and Rockefellers. It financed the launch of AT&T, General Motors, General Electric and DuPont. Like the London-based Rothschild and Barings banks, Morgan became part of the power structure in many countries. 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] Morgan was the driving force behind Western expansion in the US, financing and controlling West-bound railroads through voting trusts. In 1879 Cornelius Vanderbilt’s Morgan-financed New York Central Railroad gave preferential shipping rates to John D. Rockefeller’s budding Standard Oil monopoly, cementing the Rockefeller/Morgan relationship. The House of Morgan now fell under Rothschild and Rockefeller family control. A New York Herald headline read, “Railroad Kings Form Gigantic Trust”. J. Pierpont Morgan, who once stated, “Competition is a sin”, now opined gleefully, “Think of it. All competing railroad traffic west of St. Louis placed in the control of about thirty men.”

[8] Morgan and Edward Harriman’s banker Kuhn Loeb held a monopoly over the railroads, while banking dynasties Lehman, Goldman Sachs and Lazard joined the Rockefellers in controlling the US industrial base.

[9] In 1903 Banker’s Trust was set up by the Eight Families. Benjamin Strong of Banker’s Trust was the first Governor of the New York Federal Reserve Bank. The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate.

The House of Morgan was cozy with the British House of Windsor and the Italian House of Savoy. The Kuhn Loebs, Warburgs, Lehmans, Lazards, Israel Moses Seifs and Goldman Sachs also had close ties to European royalty. By 1895 Morgan controlled the flow of gold in and out of the US.

The first American wave of mergers was in its infancy and was being promoted by the bankers.

 In 1897 there were sixty-nine industrial mergers.

By 1899 there were twelve-hundred.

In 1904 John Moody – founder of Moody’s Investor Services – said it was impossible to talk of Rockefeller and Morgan interests as separate.

[10] Public distrust of the combine spread. Many considered them traitors working for European old money. Rockefeller’s Standard Oil, Andrew Carnegie’s US Steel and Edward Harriman’s railroads were all financed by banker Jacob Schiff at Kuhn Loeb, who worked closely with the European Rothschilds. Several Western states banned the bankers. Populist preacher William Jennings Bryan was thrice the Democratic nominee for President from 1896 -1908.

The central theme of his anti-imperialist campaign was that America was falling into a trap of “financial servitude to British capital”. Teddy Roosevelt defeated Bryan in 1908, but was forced by this spreading populist wildfire to enact the Sherman Anti-Trust Act. He then went after the Standard Oil Trust.Most Americans Don’t Know that the Federal Reserve Banks Are Private Corporations In 1912 the Pujo hearings were held, addressing concentration of power on Wall Street. That same year Mrs. Edward Harriman sold her substantial shares in New York’s Guaranty Trust Bank to J.P. Morgan, creating Morgan Guaranty Trust. Judge Louis Brandeis convinced President Woodrow Wilson to call for an end to interlocking board directorates. In 1914 the Clayton Anti-Trust Act was passed. Jack Morgan – J. Pierpont’s son and successor – responded by calling on Morgan clients Remington and Winchester to increase arms production. He argued that the US needed to enter WWI. Goaded by the Carnegie Foundation and other oligarchy fronts, Wilson accommodated. As Charles Tansill wrote in America Goes to War, “Even before the clash of arms, the French firm of Rothschild Freres cabled to Morgan & Company in New York suggesting the flotation of a loan of $100 million, a substantial part of which was to be left in the US to pay for French purchases of American goods.” The House of Morgan financed half the US war effort, while receiving commissions for lining up contractors like GE, Du Pont, US Steel, Kennecott and ASARCO. All were Morgan clients. Morgan also financed the British Boer War in South Africa and the Franco-Prussian War. The 1919 Paris Peace Conference was presided over by Morgan, which led both German and Allied reconstruction efforts.

[11] In the 1930’s populism resurfaced in America after Goldman Sachs, Lehman Bank and others profited from the Crash of 1929. [12] House Banking Committee Chairman Louis McFadden (D-NY) said of the Great Depression, “It was no accident. It was a carefully contrived occurrence…The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all”. Sen. Gerald Nye (D-ND) chaired a munitions investigation in 1936. Nye concluded that the House of Morgan had plunged the US into WWI to protect loans and create a booming arms industry.

Nye later produced a document titled The Next War, which cynically referred to “the old goddess of democracy trick”, through which Japan could be used to lure the US into WWII.

In 1937 Interior Secretary Harold Ickes warned of the influence of “America’s 60 Families”. Historian Ferdinand Lundberg later penned a book of the exact same title. Supreme Court Justice William O. Douglas decried, “Morgan influence…the most pernicious one in industry and finance today.”

Jack Morgan responded by nudging the US towards WWII. Morgan had close relations with the Iwasaki and Dan families – Japan’s two wealthiest clans – who have owned Mitsubishi and Mitsui, respectively, since the companies emerged from 17th Century shogunates. When Japan invaded Manchuria, slaughtering Chinese peasants at Nanking, Morgan downplayed the incident.

 Morgan also had close relations with Italian fascist Benito Mussolini, while German Nazi Dr. Hjalmer Schacht was a Morgan Bank liaison during WWII. After the war Morgan representatives met with Schacht at the Bank of International Settlements (BIS) in Basel, Switzerland.

[13] The House of Rockefeller BIS is the most powerful bank in the world, a global central bank for the Eight Families who control the private central banks of almost all Western and developing nations. The first President of BIS was Rockefeller banker Gates McGarrah- an official at Chase Manhattan and the Federal Reserve. McGarrah was the grandfather of former CIA director Richard Helms. The Rockefellers- like the Morgans- had close ties to London. David Icke writes in Children of the Matrix, that the Rockefellers and Morgans were just “gofers” for the European Rothschilds.

 [14] BIS is owned by the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank, Bundesbank and Bank of France. Historian Carroll Quigley wrote in his epic book Tragedy and Hope that BIS was part of a plan, “to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements.” The US government had a historical distrust of BIS, lobbying unsuccessfully for its demise at the 1944 post-WWII Bretton Woods Conference. Instead the Eight Families’ power was exacerbated, with the Bretton Woods creation of the IMF and the World Bank. The US Federal Reserve only took shares in BIS in September 1994.

[15] BIS holds at least 10% of monetary reserves for at least 80 of the world’s central banks, the IMF and other multilateral institutions. It serves as financial agent for international agreements, collects information on the global economy and serves as lender of last resort to prevent global financial collapse. BIS promotes an agenda of monopoly capitalist fascism. It gave a bridge loan to Hungary in the 1990’s to ensure privatization of that country’s economy. It served as conduit for Eight Families funding of Adolf Hitler- led by the Warburg’s J. Henry Schroeder and Mendelsohn Bank of Amsterdam.

Many researchers assert that BIS is at the nadir of global drug money laundering. [16] It is no coincidence that BIS is headquartered in Switzerland, favorite hiding place for the wealth of the global aristocracy and headquarters for the P-2 Italian Freemason’s Alpina Lodge and Nazi International. Other institutions which the Eight Families control include the World Economic Forum, the International Monetary Conference and the World Trade Organization. Bretton Woods was a boon to the Eight Families. The IMF and World Bank were central to this “new world order”.

In 1944 the first World Bank bonds were floated by Morgan Stanley and First Boston. The French Lazard family became more involved in House of Morgan interests. Lazard Freres- France’s biggest investment bank- is owned by the Lazard and David-Weill families- old Genoese banking scions represented by Michelle Davive. A recent Chairman and CEO of Citigroup was Sanford Weill.

In 1968 Morgan Guaranty launched Euro-Clear, a Brussels-based bank clearing system for Eurodollar securities. It was the first such automated endeavor. Some took to calling Euro-Clear “The Beast”. Brussels serves as headquarters for the new European Central Bank and for NATO. In 1973 Morgan officials met secretly in Bermuda to illegally resurrect the old House of Morgan, twenty years before Glass Steagal Act was repealed. Morgan and the Rockefellers provided the financial backing for Merrill Lynch, boosting it into the Big 5 of US investment banking. Merrill is now part of Bank of America. John D. Rockefeller used his oil wealth to acquire Equitable Trust, which had gobbled up several large banks and corporations by the 1920’s.

The Great Depression helped consolidate Rockefeller’s power.

His Chase Bank merged with Kuhn Loeb’s Manhattan Bank to form Chase Manhattan, cementing a long-time family relationship. The Kuhn-Loeb’s had financed – along with Rothschilds – Rockefeller’s quest to become king of the oil patch.

National City Bank of Cleveland provided John D. with the money needed to embark upon his monopolization of the US oil industry. The bank was identified in Congressional hearings as being one of three Rothschild-owned banks in the US during the 1870’s, when Rockefeller first incorporated as Standard Oil of Ohio.

[17] One Rockefeller Standard Oil partner was Edward Harkness, whose family came to control Chemical Bank. Another was James Stillman, whose family controlled Manufacturers Hanover Trust. Both banks have merged under the JP Morgan Chase umbrella. Two of James Stillman’s daughters married two of William Rockefeller’s sons. The two families control a big chunk of Citigroup as well.

 [18] In the insurance business, the Rockefellers control Metropolitan Life, Equitable Life, Prudential and New York Life. Rockefeller banks control 25% of all assets of the 50 largest US commercial banks and 30% of all assets of the 50 largest insurance companies.

[19] Insurance companies- the first in the US was launched by Freemasons through their Woodman’s of America- play a key role in the Bermuda drug money shuffle. Companies under Rockefeller control include Exxon Mobil, Chevron Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO, United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing, Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer, Motorola, Monsanto, Union Carbide and General Foods. The Rockefeller Foundation has close financial ties to both Ford and Carnegie Foundations. Other family philanthropic endeavors include Rockefeller Brothers Fund, Rockefeller Institute for Medical Research, General Education Board, Rockefeller University and the University of Chicago- which churns out a steady stream of far right economists as apologists for international capital, including Milton Friedman. The family owns 30 Rockefeller Plaza, where the national Christmas tree is lighted every year, and Rockefeller Center. David Rockefeller was instrumental in the construction of the World Trade Center towers. The main Rockefeller family home is a hulking complex in upstate New York known as Pocantico Hills. They also own a 32-room 5th Avenue duplex in Manhattan, a mansion in Washington, DC, Monte Sacro Ranch in Venezuela, coffee plantations in Ecuador, several farms in Brazil, an estate at Seal Harbor, Maine and resorts in the Caribbean, Hawaii and Puerto Rico.

 [20] The Dulles and Rockefeller families are cousins. Allen Dulles created the CIA, assisted the Nazis, covered up the Kennedy hit from his Warren Commission perch and struck a deal with the Muslim Brotherhood to create mind-controlled assassins.

[21] Brother John Foster Dulles presided over the phony Goldman Sachs trusts before the 1929 stock market crash and helped his brother overthrow governments in Iran and Guatemala. Both were Skull & Bones, Council on Foreign Relations (CFR) insiders and 33rd Degree Masons.

[22] The Rockefellers were instrumental in forming the depopulation-oriented Club of Rome at their family estate in Bellagio, Italy.

Their Pocantico Hills estate gave birth to the Trilateral Commission.

The family is a major funder of the eugenics movement which spawned Hitler, human cloning and the current DNA obsession in US scientific circles. John Rockefeller Jr. headed the Population Council until his death.

[23] His namesake son is a Senator from West Virginia. Brother Winthrop Rockefeller was Lieutenant Governor of Arkansas and remains the most powerful man in that state.

In an October 1975 interview with Playboy magazine, Vice-President Nelson Rockefeller- who was also Governor of New York- articulated his family’s patronizing worldview, “I am a great believer in planning- economic, social, political, military, total world planning.”

But of all the Rockefeller brothers, it is Trilateral Commission (TC) founder and Chase Manhattan Chairman David who has spearheaded the family’s fascist agenda on a global scale. He defended the Shah of Iran, the South African apartheid regime and the Chilean Pinochet junta. He was the biggest financier of the CFR, the TC and (during the Vietnam War) the Committee for an Effective and Durable Peace in Asia- a contract bonanza for those who made their living off the conflict. Nixon asked him to be Secretary of Treasury, but Rockefeller declined the job, knowing his power was much greater at the helm of the Chase. Author Gary Allen writes in The Rockefeller File that in 1973, “David Rockefeller met with twenty-seven heads of state, including the rulers of Russia and Red China.” Following the 1975 Nugan Hand Bank/CIA coup against Australian Prime Minister Gough Whitlam, his British Crown-appointed successor Malcolm Fraser sped to the US, where he met with President Gerald Ford after conferring with David Rockefeller.

[24] * Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network and The Grateful Unrich: Revolution in 50 Countries. His Left Hook blog is at www.deanhenderson.wordpress.com

Notes [1] 10K Filings of Fortune 500 Corporations to SEC. 3-91

 [2] 10K Filing of US Trust Corporation to SEC. 6-28-95

[3] “The Federal Reserve ‘Fed Up’. Thomas Schauf. www.davidicke.com 1-02

[4] The Secrets of the Federal Reserve. Eustace Mullins. Bankers Research Institute. Staunton, VA. 1983. p.179

[5] Ibid. p.53

[6] The Triumph of Conservatism. Gabriel Kolko. MacMillan and Company New York. 1963. p.142

 [7] Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins Publishers. New York. 2000. p.57

[8] The House of Morgan. Ron Chernow. Atlantic Monthly Press NewYork 1990

[9] Marrs. p.57

[10] Democracy for the Few. Michael Parenti. St. Martin’s Press. New York. 1977. p.178

 [11] Chernow

[12] The Great Crash of 1929. John Kenneth Galbraith. Houghton, Mifflin Company. Boston. 1979. p.148

[13] Chernow

[14] Children of the Matrix. David Icke. Bridge of Love. Scottsdale, AZ. 2000

[15] The Confidence Game: How Un-Elected Central Bankers are Governing the Changed World Economy. Steven Solomon. Simon & Schuster. New York. 1995. p.112

[16] Marrs. p.180

[17] Ibid. p.45

[18] The Money Lenders: The People and Politics of the World Banking Crisis. Anthony Sampson. Penguin Books. New York. 1981 [19] The Rockefeller File. Gary Allen. ’76 Press. Seal Beach, CA. 1977

[20] Ibid

[21] Dope Inc.: The Book That Drove Kissinger Crazy. Editors of Executive Intelligence Review. Washington, DC. 1992

 [22] Marrs.

[23] The Rockefeller Syndrome. Ferdinand Lundberg. Lyle Stuart Inc. Secaucus, NJ. 1975. p.296

[24] Marrs. p.53 The original source of this article is Global Research Copyright © Dean Henderson, Global Research, 2020 Comment on Global Research Articles on our Facebook page Become a Member of Global Research (adsbygoogle = window.adsbygoogle || []).push({}); Related Articles3-Count Felon, JPMorgan Chase, Caught Laundering More Dirty Money Sep 22, 2020Financial Meltdown and the Bailouts: The Role of Speculative Trade. Wall Street Criminality on Display Aug 25, 2020Deutsche Bank Close to Bankruptcy Jun 8, 2020The Bank of Canada: In Crisis and Beyond Jun 1, 2020Canadian Cities Hit by Pandemic Lockdown.

Vulnerable to BlackRock’s Privatization Agenda May 24, 2020Beware of The Globalists’ “New World Order” May 17, 2020 23.7K 3318 1282 166K Articles by: Dean Henderson Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article.

For publication of Global Research articles in print or other forms including commercial internet sites, contact: publications@globalresearch.ca  www.globalresearch.ca  contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

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The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: publications@globalresearch.ca var display_ads = true; Latest News & Top Stories Doctored Indignation: Australia-China Relations Disputed Election 2020 Results in Key Swing State Pennsylvania Tony Blinken Replaces Mike Pompeo Millions of Americans Vulnerable to Eviction Amazon Deforestation Tops 11,000 sq km in Brazil, Reaching 12-year High US Hospitals Getting Paid More to Label Cause of Death as ‘Coronavirus’ Selected Articles: The Christmas Big Pharma Race Is On The Christmas Big Pharma Race Is On: “Back to Normal” When We Get the Covid Vaccine? Palestine Solidarity Committee (PSC) Calls Upon Government of Pakistan to Refrain from Recognizing Israel Scientists and Historians

 

  Federal Reserve Cartel:

The Eight Families By Dean Henderson Global Research, June 19, 2020 Region: USA Theme: Global Economy, History, Oil and Energy 23.7K 3318 1282 166K

Of relevance to the current crisis, this carefully researched article was first published by Global Research on June 1, 2011.

(Part one of a four-part series) The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1] So who then are the stockholders in these money center banks? This information is guarded much more closely.

 My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds.

This is rather ironic, since many of the bank’s stockholders reside in Europe.

One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America.

A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild.

Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. [2]

J. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US.

 They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.

CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches.

He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York.

Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed. [3]

The Schiffs are insiders at Kuhn Loeb.

The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century.

Eustace Mullins came to the same conclusions in his book The Secrets of the Federal Reserve, in which he displays charts connecting the Fed and its member banks to the families of Rothschild, Warburg, Rockefeller and the others. [4]

The control that these banking families exert over the global economy cannot be overstated and is quite intentionally shrouded in secrecy.

Their corporate media arm is quick to discredit any information exposing this private central banking cartel as “conspiracy theory”.

Yet the facts remain. The House of Morgan The Federal Reserve Bank was born in 1913, the same year US banking scion J. Pierpont Morgan died and the Rockefeller Foundation was formed.

The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London.

Peabody was a business associate of the Rothschilds.

In 1952 Fed researcher Eustace Mullins put forth the supposition that the Morgans were nothing more than Rothschild agents.

Mullins wrote that the Rothschilds, “…preferred to operate anonymously in the US behind the facade of J.P. Morgan & Company”. [5]

 Author Gabriel Kolko stated, “Morgan’s activities in 1895-1896 in selling US gold bonds in Europe were based on an alliance with the House of Rothschild.” [6]

The Morgan financial octopus wrapped its tentacles quickly around the globe. Morgan Grenfell operated in London.

Morgan et Ce ruled Paris.

The Rothschild’s Lambert cousins set up Drexel & Company in Philadelphia.

The House of Morgan catered to the Astors, DuPonts, Guggenheims, Vanderbilts and Rockefellers.

It financed the launch of AT&T, General Motors, General Electric and DuPont.

Like the London-based Rothschild and Barings banks, Morgan became part of the power structure in many countries.

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]

Morgan was the driving force behind Western expansion in the US, financing and controlling West-bound railroads through voting trusts.

In 1879 Cornelius Vanderbilt’s Morgan-financed New York Central Railroad gave preferential shipping rates to John D. Rockefeller’s budding Standard Oil monopoly, cementing the Rockefeller/Morgan relationship.

The House of Morgan now fell under Rothschild and Rockefeller family control.

A New York Herald headline read, “Railroad Kings Form Gigantic Trust”.

J. Pierpont Morgan, who once stated, “Competition is a sin”, now opined gleefully, “Think of it. All competing railroad traffic west of St. Louis placed in the control of about thirty men.”[8]

Morgan and Edward Harriman’s banker Kuhn Loeb held a monopoly over the railroads, while banking dynasties Lehman, Goldman Sachs and Lazard joined the Rockefellers in controlling the US industrial base. [9]

In 1903 Banker’s Trust was set up by the Eight Families. Benjamin Strong of Banker’s Trust was the first Governor of the New York Federal Reserve Bank.

The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government.

If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts.

Morgan, Chase and Citibank formed an international lending syndicate.

The House of Morgan was cozy with the British House of Windsor and the Italian House of Savoy.

The Kuhn Loebs, Warburgs, Lehmans, Lazards, Israel Moses Seifs and Goldman Sachs also had close ties to European royalty.

By 1895 Morgan controlled the flow of gold in and out of the US. The first American wave of mergers was in its infancy and was being promoted by the bankers. In 1897 there were sixty-nine industrial mergers.

By 1899 there were twelve-hundred. In 1904 John Moody – founder of Moody’s Investor Services – said it was impossible to talk of Rockefeller and Morgan interests as separate. [10]

Public distrust of the combine spread. Many considered them traitors working for European old money.

Rockefeller’s Standard Oil, Andrew Carnegie’s US Steel and Edward Harriman’s railroads were all financed by banker Jacob Schiff at Kuhn Loeb, who worked closely with the European Rothschilds.

Several Western states banned the bankers.

Populist preacher William Jennings Bryan was thrice the Democratic nominee for President from 1896 -1908.

 

The central theme of his anti-imperialist campaign was that America was falling into a trap of “financial servitude to British capital”.

Teddy Roosevelt defeated Bryan in 1908, but was forced by this spreading populist wildfire to enact the Sherman Anti-Trust Act.

He then went after the Standard Oil Trust.

Most Americans Don’t Know that the Federal Reserve Banks Are Private Corporations

In 1912 the Pujo hearings were held, addressing concentration of power on Wall Street.

That same year Mrs. Edward Harriman sold her substantial shares in New York’s Guaranty Trust Bank to J.P. Morgan, creating Morgan Guaranty Trust. Judge Louis Brandeis convinced President Woodrow Wilson to call for an end to interlocking board directorates.

In 1914 the Clayton Anti-Trust Act was passed. \

Jack Morgan – J. Pierpont’s son and successor – responded by calling on Morgan clients Remington and Winchester to increase arms production.

He argued that the US needed to enter WWI.

Goaded by the Carnegie Foundation and other oligarchy fronts, Wilson accommodated.

As Charles Tansill wrote in America Goes to War, “Even before the clash of arms, the French firm of Rothschild Freres cabled to Morgan & Company in New York suggesting the flotation of a loan of $100 million, a substantial part of which was to be left in the US to pay for French purchases of American goods.”

The House of Morgan financed half the US war effort, while receiving commissions for lining up contractors like GE, Du Pont, US Steel, Kennecott and ASARCO. All were Morgan clients. Morgan also financed the British Boer War in South Africa and the Franco-Prussian War.

The 1919 Paris Peace Conference was presided over by Morgan, which led both German and Allied reconstruction efforts. [11] In the 1930’s populism resurfaced in America after Goldman Sachs, Lehman Bank and others profited from the Crash of 1929. [12]

House Banking Committee Chairman Louis McFadden (D-NY) said of the Great Depression, “It was no accident. It was a carefully contrived occurrence…The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all”. Sen. Gerald Nye (D-ND) chaired a munitions investigation in 1936.

Nye concluded that the House of Morgan had plunged the US into WWI to protect loans and create a booming arms industry. Nye later produced a document titled The Next War, which cynically referred to “the old goddess of democracy trick”, through which Japan could be used to lure the US into WWII.

In 1937 Interior Secretary Harold Ickes warned of the influence of “America’s 60 Families”. Historian Ferdinand Lundberg later penned a book of the exact same title. Supreme Court Justice William O. Douglas decried, “Morgan influence…the most pernicious one in industry and finance today.”

 Jack Morgan responded by nudging the US towards WWII. Morgan had close relations with the Iwasaki and Dan families – Japan’s two wealthiest clans – who have owned Mitsubishi and Mitsui, respectively, since the companies emerged from 17th Century shogunates.

 

When Japan invaded Manchuria, slaughtering Chinese peasants at Nanking, Morgan downplayed the incident. Morgan also had close relations with Italian fascist Benito Mussolini, while German Nazi Dr. Hjalmer Schacht was a Morgan Bank liaison during WWII. After the war Morgan representatives met with Schacht at the Bank of International Settlements (BIS) in Basel, Switzerland. [13] \

The House of Rockefeller BIS is the most powerful bank in the world, a global central bank for the Eight Families who control the private central banks of almost all Western and developing nations. \

The first President of BIS was Rockefeller banker Gates McGarrah- an official at Chase Manhattan and the Federal Reserve.

McGarrah was the grandfather of former CIA director Richard Helms.

The Rockefellers- like the Morgans- had close ties to London.

David Icke writes in Children of the Matrix, that the Rockefellers and Morgans were just “gofers” for the European Rothschilds. [14]

BIS is owned by the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank, Bundesbank and Bank of France.

Historian Carroll Quigley wrote in his epic book Tragedy and Hope that BIS was part of a plan, “to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements.”

The US government had a historical distrust of BIS, lobbying unsuccessfully for its demise at the 1944 post-WWII Bretton Woods Conference.

Instead the Eight Families’ power was exacerbated, with the Bretton Woods creation of the IMF and the World Bank. The US Federal Reserve only took shares in BIS in September 1994. [15]

BIS holds at least 10% of monetary reserves for at least 80 of the world’s central banks, the IMF and other multilateral institutions. It serves as financial agent for international agreements, collects information on the global economy and serves as lender of last resort to prevent global financial collapse.

 BIS promotes an agenda of monopoly capitalist fascism.

 

 It gave a bridge loan to Hungary in the 1990’s to ensure privatization of that country’s economy.

It served as conduit for Eight Families funding of Adolf Hitler- led by the Warburg’s J. Henry Schroeder and Mendelsohn Bank of Amsterdam. Many researchers assert that BIS is at the nadir of global drug money laundering. [16]

It is no coincidence that BIS is headquartered in Switzerland, favorite hiding place for the wealth of the global aristocracy and headquarters for the P-2 Italian Freemason’s Alpina Lodge and Nazi International.

Other institutions which the Eight Families control include the World Economic Forum, the International Monetary Conference and the World Trade Organization.

Bretton Woods was a boon to the Eight Families.

 

The IMF and World Bank were central to this “new world order”.

In 1944 the first World Bank bonds were floated by Morgan Stanley and First Boston.

The French Lazard family became more involved in House of Morgan interests.

Lazard Freres- France’s biggest investment bank- is owned by the Lazard and David-Weill families- old Genoese banking scions represented by Michelle Davive.

A recent Chairman and CEO of Citigroup was Sanford Weill. In 1968 Morgan Guaranty launched Euro-Clear, a Brussels-based bank clearing system for Eurodollar securities. It was the first such automated endeavor.

Some took to calling Euro-Clear “The Beast”. Brussels serves as headquarters for the new European Central Bank and for NATO.

In 1973 Morgan officials met secretly in Bermuda to illegally resurrect the old House of Morgan, twenty years before Glass Steagal Act was repealed. Morgan and the Rockefellers provided the financial backing for Merrill Lynch, boosting it into the Big 5 of US investment banking.

 Merrill is now part of Bank of America. John D. Rockefeller used his oil wealth to acquire Equitable Trust, which had gobbled up several large banks and corporations by the 1920’s. The Great Depression helped consolidate Rockefeller’s power. His Chase Bank merged with Kuhn Loeb’s Manhattan Bank to form Chase Manhattan, cementing a long-time family relationship.

The Kuhn-Loeb’s had financed – along with Rothschilds – Rockefeller’s quest to become king of the oil patch.

National City Bank of Cleveland provided John D. with the money needed to embark upon his monopolization of the US oil industry. The bank was identified in Congressional hearings as being one of three Rothschild-owned banks in the US during the 1870’s, when Rockefeller first incorporated as Standard Oil of Ohio. [17] One Rockefeller Standard Oil partner was Edward Harkness, whose family came to control Chemical Bank.

Another was James Stillman, whose family controlled Manufacturers Hanover Trust.

Both banks have merged under the JP Morgan Chase umbrella.

Two of James Stillman’s daughters married two of William Rockefeller’s sons.

The two families control a big chunk of Citigroup as well. [18]

In the insurance business, the Rockefellers control Metropolitan Life, Equitable Life, Prudential and New York Life.

 Rockefeller banks control 25% of all assets of the 50 largest US commercial banks and 30% of all assets of the 50 largest insurance companies. [19] Insurance companies- the first in the US was launched by Freemasons through their Woodman’s of America- play a key role in the Bermuda drug money shuffle. Companies under Rockefeller control include Exxon Mobil, Chevron Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO, United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing, Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer, Motorola, Monsanto, Union Carbide and General Foods.

The Rockefeller Foundation has close financial ties to both Ford and Carnegie Foundations. Other family philanthropic endeavors include Rockefeller Brothers Fund, Rockefeller Institute for Medical Research, General Education Board, Rockefeller University and the University of Chicago- which churns out a steady stream of far right economists as apologists for international capital, including Milton Friedman.

The family owns 30 Rockefeller Plaza, where the national Christmas tree is lighted every year, and Rockefeller Center. David Rockefeller was instrumental in the construction of the World Trade Center towers. The main Rockefeller family home is a hulking complex in upstate New York known as Pocantico Hills.

They also own a 32-room 5th Avenue duplex in Manhattan, a mansion in Washington, DC, Monte Sacro Ranch in Venezuela, coffee plantations in Ecuador, several farms in Brazil, an estate at Seal Harbor, Maine and resorts in the Caribbean, Hawaii and Puerto Rico. [20] The Dulles and Rockefeller families are cousins.

Allen Dulles created the CIA, assisted the Nazis, covered up the Kennedy hit from his Warren Commission perch and struck a deal with the Muslim Brotherhood to create mind-controlled assassins. [21] Brother John Foster Dulles presided over the phony Goldman Sachs trusts before the 1929 stock market crash and helped his brother overthrow governments in Iran and Guatemala. Both were Skull & Bones, Council on Foreign Relations (CFR) insiders and 33rd Degree Masons. [22] The Rockefellers were instrumental in forming the depopulation-oriented Club of Rome at their family estate in Bellagio, Italy. Their Pocantico Hills estate gave birth to the Trilateral Commission.

The family is a major funder of the eugenics movement which spawned Hitler, human cloning and the current DNA obsession in US scientific circles. John Rockefeller Jr. headed the Population Council until his death. [23] His namesake son is a Senator from West Virginia. Brother Winthrop Rockefeller was Lieutenant Governor of Arkansas and remains the most powerful man in that state. In an October 1975 interview with Playboy magazine, Vice-President Nelson Rockefeller- who was also Governor of New York- articulated his family’s patronizing worldview, “I am a great believer in planning- economic, social, political, military, total world planning.” But of all the Rockefeller brothers, it is Trilateral Commission (TC) founder and Chase Manhattan Chairman David who has spearheaded the family’s fascist agenda on a global scale.

He defended the Shah of Iran, the South African apartheid regime and the Chilean Pinochet junta. He was the biggest financier of the CFR, the TC and (during the Vietnam War) the Committee for an Effective and Durable Peace in Asia- a contract bonanza for those who made their living off the conflict. Nixon asked him to be Secretary of Treasury, but Rockefeller declined the job, knowing his power was much greater at the helm of the Chase. Author Gary Allen writes in The Rockefeller File that in 1973, “David Rockefeller met with twenty-seven heads of state, including the rulers of Russia and Red China.” Following the 1975 Nugan Hand Bank/CIA coup against Australian Prime Minister Gough Whitlam, his British Crown-appointed successor Malcolm Fraser sped to the US, where he met with President Gerald Ford after conferring with David Rockefeller. [24] * Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network and The Grateful Unrich: Revolution in 50 Countries.

His Left Hook blog is at www.deanhenderson.wordpress.com Notes [1] 10K Filings of Fortune 500 Corporations to SEC. 3-91 [2] 10K Filing of US Trust Corporation to SEC. 6-28-95 [3] “The Federal Reserve ‘Fed Up’. Thomas Schauf. www.davidicke.com 1-02 [4] The Secrets of the Federal Reserve. Eustace Mullins. Bankers Research Institute. Staunton, VA. 1983. p.179 [5] Ibid. p.53 [6] The Triumph of Conservatism. Gabriel Kolko. MacMillan and Company New York. 1963. p.142 [7] Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins Publishers. New York. 2000. p.57 [8] The House of Morgan. Ron Chernow. Atlantic Monthly Press NewYork 1990 [9] Marrs. p.57 [10] Democracy for the Few. Michael Parenti. St. Martin’s Press. New York. 1977. p.178 [11] Chernow [12] The Great Crash of 1929. John Kenneth Galbraith. Houghton, Mifflin Company. Boston. 1979. p.148 [13] Chernow [14] Children of the Matrix. David Icke. Bridge of Love. Scottsdale, AZ. 2000 [15] The Confidence Game: How Un-Elected Central Bankers are Governing the Changed World Economy. Steven Solomon. Simon & Schuster. New York. 1995. p.112 [16] Marrs. p.180 [17] Ibid. p.45 [18] The Money Lenders: The People and Politics of the World Banking Crisis. Anthony Sampson. Penguin Books. New York. 1981 [19] The Rockefeller File. Gary Allen. ’76 Press. Seal Beach, CA. 1977 [20] Ibid [21] Dope Inc.:

The Book That Drove Kissinger Crazy. Editors of Executive Intelligence Review. Washington, DC. 1992 [22] Marrs. [23] The Rockefeller Syndrome. Ferdinand Lundberg. Lyle Stuart Inc. Secaucus, NJ. 1975. p.296 [24] Marrs. p.53

The original source of this article is Global Research Copyright © Dean Henderson, Global Research, 2020 Comment on Global Research Articles on our Facebook page Become a Member of Global Research (adsbygoogle = window.adsbygoogle || []).push({}); Related Articles3-Count Felon, JPMorgan Chase, Caught Laundering More Dirty Money Sep 22, 2020Financial Meltdown and the Bailouts: The Role of Speculative Trade. Wall Street Criminality on Display Aug 25, 2020Deutsche Bank Close to Bankruptcy Jun 8, 2020The Bank of Canada: In Crisis and Beyond Jun 1, 2020

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The charter of the First Bank of the United States was allowed to lapse in 1811 thanks to opposition from Jefferson about centralization.

In its stead, northern merchants, led by Alexander Hamilton, applied to charter their own banks, which they hoped would be large enough to replicate the FBUS' economy of scale. The City Bank of New York was created in June 1812.

Samuel Osgood, a Revolutionary War hero who'd served alongside Hamilton in Washington's cabinet, was its first president.
Source: New York Times

Moses Taylor was the bank's most important president of the 19th century.
Wikimedia

He first became involved with the bank after the Panic of 1837, and slowly acquired a controlling interest. In 1856, he was named president, and served until 1882.
Source: Encyclopedia of American business history, Vol. 1

He was a major financier of the Union war effort. But he was also associated with the corrupt Tammany Hall group.
Source: The Business Career of Moses Taylor


In 1865, the bank changed its name to The National City Bank of New York.
This was a product of joining the country's new national banking system.
Source: Citi


In 1891, James Stillman is elected president of the bank and helps lead America onto the world stage.

Stillman practically owned the state of Texas when he took over as head of the bank (though he'd acquired most of his fortune through his father, a cotton baron).

Under Stillman, the bank pioneered foreign-exchange trading, providing major financing to Spain and Japan. It also began to build important connections in Latin America, opening the first-ever foreign branch of an American bank in Buenos Aires.
Source: Texas State Historical Association, Cit

In 1905, the bank caused a scandal when it allegedly gained a sweetheart deal with the Secretary of the Treasury thanks to its connections with John D. Rockefeller. A Congressman at the time remarked, “This is the old, bewhiskered, longstanding steal of the National City Bank.
Source: Columbia Journalism Review


In 1921, Charles E. Mitchell, the most controversial figure in the bank's history, is elected to head the bank.
The bank coasted throughout the 20s, in October 1929, and mere days before the great crash, Mitchell was said to have stated, “I know of nothing fundamentally wrong with the stock market or with the underlying business and credit structure.”
Source: Columbia Journalism Review


By November, a U.S. senator exclaimed "Mitchell more than any 50 men is responsible for this stock crash."
AFP/Getty images

Mitchell was later accused, though acquitted, of tax evasion.
Source: Time

In 1955, the bank changed its name to The First National City Bank of New York.
Wikimedia

Six years later, it completed its 41-story world headquarters on Park Avenue, where it still stands.
Source: Citi



In 1961, the bank began selling CDs. Paul Krugman has called this "the first step on on the road to the crisis of 2008.

He views it as a technique the bank used to avoid interest rate limits, weakening the bank regulatory structure put in place by Roosevelt.

Source: Columbia Journalism Review



The bank's holding company changed its name to Citicorp in 1974 "to better suit its global businesses."

Brandlogos


Two years later the bank became Citibank, N.A. (for national association).

Source: Citi


Around this time, Sandy Weill begins his collision course with Citi.

Wikimedia

He'd become president of American Express in the early 80s. Jamie Dimon is said to have been his protege.

Source: Achievement.org

American Express" were founded in 1850 as a joint stock association and were incorporated in 1965 as a New York corporation. American Express Company and its principal operating subsidiary, American Express Travel Related Services Company, Inc. (TRS), are bank holding companies under the Bank Holding Company Act of 1956, as amended (the BHC Act), subject to supervision and examination by the Board of Governors of the Federal Reserve System (the Federal Reserve)."

Our Global Network Services (GNS) business, which is under our ICNS segment, establishes and maintains relationships with banks and other institutions around the world that issue cards and, in certain countries, acquire local merchants onto the American Express network. In assessing whether we should pursue a proprietary or GNS strategy in a given country, or some combination thereof, we consider a wide range of country-specific factors, including the stability and attractiveness of financial returns, the size of the potential Card Member base, the strength of available marketing and credit data, the size of cobrand opportunities and how we can best create strong merchant value. Our GNS arrangements are categorized as follows:

 

    Independent Operator Arrangements, in which partners can be licensed to issue local currency cards in their countries and serve as the merchant acquirer and processor for local merchants

 

    Network Card License Arrangements, in which partners can be licensed to issue American Express-branded cards primarily in countries where we have a proprietary card-issuing and/or merchant acquiring business

 

    Joint Venture Arrangements, in which we join with a third party to establish a separate business to sign new merchants and issue American Express-branded cards

The GNS business has established 150 card-issuing and/or merchant-acquiring arrangements with banks and other institutions in more than 130 countries and territories. GNS strengthens our brand visibility around the world, drives more transaction volume on the American Express network and increases the number of merchants choosing to accept the American Express card, generally without assuming additional Card Member credit risk or having to invest a large amount of resources, as our GNS partners already have established attractive customer bases and are responsible for most of the operating costs as well as for managing the credit risk associated with the cards they issue.

We are also subject to certain privacy, data protection and information security laws in other countries in which we operate (including countries in the EU, Australia, Canada, Japan, Hong Kong, Mexico and Singapore), some of which are more stringent than those in the United States. We have also seen some countries institute laws requiring in-country data processing and/or in-country storage of the personal data of its citizens. Compliance with such laws could result in higher technology, administrative and other costs for us and could limit our ability to optimize the use of our closed-loop data.

In Europe, the European Directive 95/46/EC (the Data Protection Directive), providing for the protection of individuals with regard to the processing of personal data and on the free movement of such data, will be replaced by the EU General Data Protection Regulation (EU GDPR) as of May 2018. The EU GDPR includes, among other things, a requirement for prompt notice of data breaches, in certain circumstances, to data subjects and supervisory authorities, applying uniformly across sectors and the EU, with significant fines for non-compliance. The EU GDPR also requires companies processing personal data of individuals residing in the EU, regardless of the location of the company, to comply with EU privacy and data protection rules. We generally rely on our binding corporate rules as the primary method for lawfully transferring data from our European affiliates to our affiliates in the United States and elsewhere globally.

In addition, the European Directive 2002/58/EC (the e-Privacy Directive) will continue to set out requirements for the processing of personal data and the protection of privacy in the electronic communications sector. The ePrivacy Directive places restrictions on, among other things, the sending of unsolicited marketing communications, as well as on the collection and use of data about internet users.

In 2015, the European Central Bank and the European Banking Authority enacted secondary legislation focused on security breaches, strong customer authentication and information security-related policies. Likewise, the Commission adopted a network information security directive, to be implemented into national laws by the Member States. PSD2 also contains regulatory requirements on strong customer authentication and measures to prevent security incidents.

Anti-Money Laundering, Sanctions and Anti-Corruption Compliance

We are subject to significant supervision and regulation, and an increasingly stringent enforcement environment, with respect to compliance with anti-money laundering (AML), sanctions and anti-corruption laws and regulations in the United States and in other jurisdictions in which we operate. Failure to maintain and implement adequate programs and policies and procedures for AML, sanctions and anti-corruption compliance could have serious financial, legal and reputational consequences.

Anti-Money Laundering

American Express is subject to a significant number of AML laws and regulations as a result of being a financial company headquartered in the United States, as well as having a global presence. In the United States, the majority of AML requirements are derived from the Currency and Foreign Transactions Reporting Act and the accompanying regulations issued by the U.S. Department of the Treasury (collectively referred to as the Bank Secrecy Act), as amended by the USA PATRIOT Act of 2001 (the Patriot Act). In Europe, AML requirements are largely the result of countries transposing the 3rd EU Anti-Money Laundering Directive (and preceding EU Anti-Money Laundering Directives) into local laws and regulations. The 4th EU Anti-Money Laundering Directive was published in June 2015 and required each Member State to transpose the new Directive into national law within two years. Numerous other countries, such as Argentina, Australia, Canada and Mexico, have also enacted or proposed new or enhanced AML legislation and regulations applicable to American Express.

Among other things, these laws and regulations require us to establish AML programs that meet certain standards, including, in some instances, expanded reporting, particularly in the area of suspicious transactions, and enhanced information gathering and recordkeeping requirements. Any errors, failures or delays in complying with federal, state or foreign AML and counter-terrorist financing laws could result in significant criminal and civil lawsuits, penalties and forfeiture of significant assets or other enforcement actions.

Office of Foreign Assets Control Regulation

The United States has imposed economic sanctions that affect transactions with designated foreign countries, nationals and others. The United States prohibits U.S. persons from engaging with individuals and entities identified as “Specially Designated Nationals,” such as terrorists and narcotics traffickers. These prohibitions are administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and are typically known as the OFAC rules. The OFAC rules prohibit U.S. persons from engaging in financial transactions with or relating to the prohibited individual, entity or country, require the blocking of assets in which the individual, entity or country has an interest, and prohibit transfers of property subject to U.S. jurisdiction (including property in the possession or control of U.S. persons) to such individual, entity or country. Blocked assets (e.g., property or bank deposits) cannot be paid out, withdrawn, set off or transferred in any manner without a license from OFAC. We maintain a global sanctions program designed to ensure compliance with OFAC requirements. Failure to comply with such requirements could subject us to serious legal and reputational consequences, including criminal penalties.

Set forth below, in alphabetical order, is a list of all our executive officers as of February 17, 2017, including each executive officer’s principal occupation and employment during the past five years. None of our executive officers has any family relationship with any other executive officer, and none of our executive officers became an officer pursuant to any arrangement or understanding with any other person. Each executive officer has been elected to serve until the next annual election of officers or until his or her successor is elected and qualified. Each officer’s age is indicated by the number in parentheses next to his or her name.

 

     
DOUGLAS E. BUCKMINSTER —    President, Global Consumer Services
Mr. Buckminster (56) has been President, Global Consumer Services since October 2015. Prior thereto, he had been President, Global Network and International Card Services since February 2012 and President, International Consumer and Small Business Services since November 2009.

 

     
JAMES P. BUSH —    President, Global Network and International Consumer Services
Mr. Bush (58) has been President, Global Network and International Consumer Services since October 2015. Prior thereto, he had been Executive Vice President, World Service since October 2009.

 

     
JEFFREY C. CAMPBELL —    Executive Vice President and Chief Financial Officer
Mr. Campbell (56) has been Executive Vice President, Finance since July 2013 and Chief Financial Officer since August 2013. Mr. Campbell joined American Express from McKesson Corporation, a health care services company, where he served as Executive Vice President and Chief Financial Officer from April 2004 until June 2013.

 

     
KENNETH I. CHENAULT —    Chairman and Chief Executive Officer
Mr. Chenault (65) has been Chairman since April 2001 and Chief Executive Officer since January 2001.

 

     
L. KEVIN COX —    Chief Human Resources Officer
Mr. Cox (53) has been Chief Human Resources Officer since April 2005.

 

     
PAUL D. FABARA —    President, Global Risk & Compliance and Chief Risk Officer
Mr. Fabara (51) has been President, Global Risk & Compliance and Chief Risk Officer since February 2016 and President, Global Banking Group since February 2013. He also served as President, Global Network Business from September 2014 to October 2015. Prior thereto, he had been Executive Vice President, Global Credit Administration since January 2011.

 

     
MARC D. GORDON —    Executive Vice President and Chief Information Officer
Mr. Gordon (56) has been Executive Vice President and Chief Information Officer since September 2012. Mr. Gordon joined American Express from Bank of America, where he served as Enterprise Chief Information Officer from December 2011 until April 2012. Prior thereto, he had been Chief Technology Officer and head of Global Delivery Operations at Bank of America from May 2008 until November 2011.

 

     
ASH GUPTA —    President, Global Credit Risk and Information Management
Mr. Gupta (63) has been President, Global Credit Risk and Information Management since February 2016. Prior thereto, he had been Chief Risk Officer and President, Risk and Information Management since July 2007.

 

     
MICHAEL J. O’NEILL —    Executive Vice President, Corporate Affairs and Communications

Mr. O’Neill (63) has been Executive Vice President, Corporate Affairs and Communications since September 2014. Prior thereto, he had been Senior Vice President, Corporate Affairs and Communications since March 1991.

 

     
LAUREEN E. SEEGER —    Executive Vice President and General Counsel
Ms. Seeger (55) has been Executive Vice President and General Counsel since July 2014. Ms. Seeger joined American Express from McKesson Corporation, where she served as Executive Vice President, General Counsel and Chief Compliance Officer from March 2006 until June 2014.

 

     
SUSAN SOBBOTT —    President, Global Commercial Payments
Ms. Sobbott (52) has been President, Global Commercial Payments since October 2015 and President, Global Corporate Payments since January 2014. Prior thereto, she had been President, American Express OPEN since 2004.

 

     
STEPHEN J. SQUERI —    Vice Chairman
Mr. Squeri (57) has been Vice Chairman since July 2015. Prior thereto, he had been Group President, Global Corporate Services since November 2011. Prior thereto, he had been Group President, Global Services since October 2009.

 

     
ANRÉ WILLIAMS —    President, Global Merchant Services and Loyalty
Mr. Williams (51) has been President of Global Merchant Services and Loyalty since October 2015 and President, Global Merchant Services since November 2011. Prior thereto, he had been President, Global Corporate Payments since June 2007.

 

16

 


Table of Contents

EMPLOYEES

We had approximately 56,400 employees on December 31, 2016.

ADDITIONAL INFORMATION

We maintain an Investor Relations website on the internet at http://ir.americanexpress.com. We make available free of charge, on or through this website, our annual, quarterly and current reports and any amendments to those reports as soon as reasonably practicable following the time they are electronically filed with or furnished to the Securities and Exchange Commission (SEC). To access these materials, click on the “SEC Filings” link under the caption “Financial Information” on our Investor Relations homepage.

You can also access our Investor Relations website through our main website at www.americanexpress.com by clicking on the “Investor Relations” link, which is located at the bottom of our homepage. Information contained on our Investor Relations website, our main website and other websites referred to in this report is not incorporated by reference into this report or any other report filed with or furnished to the SEC. We have included such website addresses only as inactive textual references and do not intend them to be active links.

You can find certain statistical disclosures required of bank holding companies starting on page A-1, which are incorporated herein by reference.

 

ITEM 1A. RISK FACTORS

This section highlights specific risks that could affect us and our businesses. You should carefully consider each of the following risks and all of the other information set forth in this Annual Report on Form 10-K. Based on the information currently known to us, we believe the following information identifies the most significant risk factors affecting us. However, the risks and uncertainties we face are not limited to those described below. Additional risks and uncertainties not presently known to us or that we currently believe to be immaterial may also adversely affect our business.

If any of the following risks and uncertainties develop into actual events or if the circumstances described in the risks and uncertainties occur or continue to occur, these events or circumstances could have a material adverse effect on our business, financial condition or results of operations. These events could also have a negative effect on the trading price of our securities.

Strategic, Business and Competitive Risks

Difficult conditions in the business and economic environment, as well as political conditions in the United States and elsewhere, may materially adversely affect our business and results of operations.

Our results of operations are materially affected by economic, market, political and social conditions in the United States and abroad. Uneven global economic growth has had, and may continue to have, an adverse effect on us, in part because we are very dependent upon the level of consumer and business activity and the demand for payment and financing products. A prolonged period of slow economic growth or deterioration in economic conditions could change customer behaviors, including spending on our cards and the ability and willingness of Card Members to pay amounts owed to us. Travel and entertainment expenditures, which comprised approximately 25 percent of our U.S. billed business during 2016, for example, are sensitive to business and personal discretionary spending levels and also tend to decline during general economic downturns.

Geopolitical trends toward nationalism and protectionism and the weakening or dissolution of international trade pacts may increase the cost of, or otherwise interfere with, conducting business. Further, economic or political instability in certain regions or countries could negatively affect consumer and business spending, including in other parts of the world.

Factors such as consumer spending, business investment, government spending, interest rates, tax rates, fuel and other energy costs, the volatility and strength of the capital markets, inflation and deflation all affect the economic environment and, ultimately, our profitability. An economic downturn characterized by higher unemployment, lower family income, lower consumer spending, lower demand for credit, lower corporate earnings or lower business investment is likely to materially and adversely affect our business, results of operations and financial condition. Furthermore, such factors may cause our earnings, credit metrics and margins to fluctuate and diverge from expectations of analysts and investors, who may have differing assumptions regarding their impact on our business, adversely affecting, and/or increasing the volatility of, the trading price of our common shares.

American Express Company
(Exact name of registrant as specified in its charter)

New York
(State or other jurisdiction of incorporation or organization)
13-4922250
(I.R.S. Employer Identification No.)

200 Vesey Street
New York, New York
10285
(Address of principal executive offices)

(Zip Code)
Registrant’s telephone number, including area code: (212) 640-2000
Securities registered pursuant to Section 12(b) of the Act:  10-K 1 d321397d10k.htm FORM 10-K

In 1988, Weill embarked on a merger spree.

Glassdoor

While serving as CEO of a mid-size credit and insurance firm, Weill bought Primerica, which had itself just purchased Smith Barney. Travelers, Aetna and Shearson followed.
Source: Achievement.org


Meanwhile, Citicorp had once again become the largest bank holding company in the world by 1993.

MistyVids via YouTube
Source: Citi

Finally in 1998, Citigroup Inc. is born.

Technically, Weill's Travelers Group purchased the entirety of Citicorp shares for $70 billion. Salomon Smith Barney remained a wholly owned subsidiary.

Source: BillMoyers.org

The merger blew out Glass-Steagall.

The law was officially repealed a year after the merger. Not coincidentally, former U.S. Treasury Secretary Robert E. Rubin had joined Citi as an adviser in 1999.
Source: Columbia Journalism Review

Jack Grubman, Salmon Smith Barney's top analyst, helps inflate the tech bubble.

"Don't Panic: Emerging Telecom Model Is Still Valid," was the title of one research note just months before Global Crossing collapsed.

Grubman ended up paying a $15 million fine for misleading investors and was banned from the securities industry.

Source: Columbia Journalism Review


Citi also had to reboot its entire brokerage division for its role in the tech bubble.

WorldCom CEO Bernie Ebbers

In 2002, it paid the second-largest settlement in securities history, $2.7 billion, to WorldCom investors and bondholders over fraud charges.

In 2003, it renamed Salomon Smith Barney "Citigroup Global Markets Inc." "Smith Barney" became a private wealth management division.

Source: Columbia Journalism Review

But its misdeeds hadn't entirely abated.

AP

It also ended up paying $3.7 billion in a settlement with Enron investors.

Source: Columbia Journalism Review


But the firm's image wasn't so tarnished that Maria Bartiromo couldn't date senior executive Todd Thomson.


But the firm's image wasn't so tarnished that Maria Bartiromo couldn't date senior executive Todd Thomson.

Thomson was eventually fired, though — he'd used his corporate account to woo her.

Source: USA Today


October 2008: Citi is now a zombie...



October 2008: Citi is now a zombie...

en.wikipedia.org

...And receives the first of three government bailouts. Chuck Prince, Sandy Weill's successor had been forced out a year earlier after the bank had to write down $11 billion in toxic mortgages.

Source: Columbia Journalism Review


February 2009: The government takes a controlling interest in Citi...


February 2009: The government takes a controlling interest in Citi...

...After giving it a third bailout.

Source: Columbia Journalism Review


2012: Happy 200th Anniversary!



2012: Happy 200th Anniversary!

CITI via YouTube



http://www.businessinsider.com/presenting-a-history-of-citi-2012-4?op=1


APR 2002
VOL 23 No. 4


Citi: Suing for Silence

An Interview with Al Giordano

Al Giordano is the editor and publisher of Narco News, an Internet news magazine (www.narconews.com) that reports on corruption and the drug war in Latin America.


Multinational Monitor: What were the events that led to Banco Nacional de Mexico (Banamex) attempting to sue you in a U.S. court?

Al Giordano: In February of 1999, President Bill Clinton traveled to Merida, Yucatan for a so-called anti-drug summit with then-President Ernesto Zedillo of Mexico. This summit was held at the hacienda owned by Roberto Hernandez Ramirez, the then-owner of Banamex. I went to cover that summit and picked up a copy of the local daily newspaper, Por Esto!, which reported that the host of the Clinton-Zedillo anti-drug summit, Mr. Hernandez, was a narco-trafficker. Por Esto! published photographs of cocaine trafficking evidence and activities on coastal properties belonging to Mr. Hernandez. I published a story in the Boston Phoenix in May of 1999 about that situation. The story was also picked up in various aspects by AP and through them the Wall Street Journal and others.

This was important information that strikes to the heart of the credibility of the U.S. war on drugs in Latin America.

In March of 2000, I was invited to Columbia University Law School in New York to speak on various drug policy issues on a panel of people that included a former New York Supreme Court Justice, a representative from the Washington Office on Latin America and Mario Menendez Rodriguez, the editor and publisher of Por Esto! I spoke of Menendez’ story and his history as one of the most courageous journalists in Latin America. Menendez himself showed graphic evidence, including photos and maps, of cocaine trafficking activities on Hernandez’ land.

Subsequently, I founded the online news journal Narco News Bulletin (www.NarcoNews.com). One of our goals is to translate what the Latin American press is reporting about the war on drugs, because frankly they’re doing a better job than the U.S. press. We translated some of Menendez’ articles, articles by other Latin American journalists, and did original stories of our own about the efforts to persecute the press in Mexico for reporting this story about Hernandez and cocaine trafficking.

In August of 2000, unbeknownst to myself or Menendez, Banamex brought suit in New York State Supreme Court against the two of us and the Narco News Bulletin for libel (through the written reports), for slander (for the statements at Columbia University) and for “the interference with economic advantage.” I first heard about the lawsuit in late October of 2000. Banamex never succeeded in serving me the papers, so in February of 2001, I waived service of process in order to go to New York State Supreme Court and face these charges.

MM: When does Citigroup enter the story?

Giordano: During the time that the case was proceeding, Citigroup bought Banamex for $12.5 billion.

Keep in mind that Narco News was not the first source in the United States to accuse Banamex of money laundering. That was done by the U.S. Department of Treasury and other U.S. agencies in what was called Operation Casablanca, in which a sting operation was held against various bankers from various Mexican banks. Two executives from Banamex were charged in criminal court and the Federal Reserve Board seized $3.8 million from Banamex as a corporation. The leader of that operation was then-Treasury Secretary Robert Rubin with the Clinton Administration. He was considered to be the hard-liner on this investigation. Secretary of State Madeleine Albright wrote a letter of protest to Rubin about not informing Mexican authorities of this operation. So this was all a big public issue before Narco News even touched it.

Later, of course, Robert Rubin left Treasury to work for Citigroup. Aside from Sandy Weill, who is the CEO, Rubin is the most important person at the world’s largest financial institution.

So Rubin was prosecuting Banamex for drug money laundering in 1998, but by 2001 according to Citigroup’s own SEC filings, he was negotiating the deal to buy the same bank.

Why is that interesting? Banamex alleged in its lawsuit against us that its business was weakened by journalistic reports. If anything harmed Banamex’s business, it was the prosecutorial actions of the U.S. government and the investigation led by Robert Rubin. In 1998, he was prosecuting them, but by 2001 he bought them for $12.5 billion.

There has been a lot of pressure on Citigroup ever since information about money laundering by the Salinas family came out. Lowell Bergman produced a comprehensive documentary about this for Frontline — “Money, Murder and Mexico.” He showed how Citigroup, through its private banking office and specifically through Amy Elliott, knowingly allowed Raul Salinas, the brother of the president, as well as the Hank family, one of the most powerful in Mexico, and others to use false names in banking and laundering millions of dollars through Citigroup.

Senator Carl Levin, D-Michigan, held hearings. John Reed, who was then the CEO, embarrassed himself in his testimony before Congress. Many people feel that’s what led to his downfall and replacement by Sandy Weill.

After Rubin came in, Citigroup was under enormous pressure from Congress, with new laws and regulations and more scrutiny from the Federal Reserve Bank. So what did they do? Buy Banamex.

All this is happening in the middle of our lawsuit, which showed that we never caused any financial damage to Banamex by telling the truth about its owner’s activities and how that intersected with the activities of the U.S. government and Mexican government. They were trying to destroy us — two journalists with no comparative resources.

MM: How was the case resolved?

Giordano: The very same week that the Citigroup purchase of Banamex was approved and finalized, we had a hearing in the New York State Supreme Court. Akin, Gump — one of the largest law firms in the U.S. — represented Banamex. It did not go well for them that day. The judge asked very pointed questions as to why they were bringing the case to the United States when they had lost it twice already in Mexico.

The judge delivered a decision on our motion to dismiss on December 5, 2001. In it, she dismissed the charges against Menendez based on a lack of jurisdiction.

On the Narco News issues, the judge said the jurisdictional issues would require discovery. But she said she had read all the 500 pages of articles we published at the time of the lawsuit, and concluded that “Narco News’s web site and the writers who post information are entitled to all the First Amendment protections accorded a newspaper, magazine or journalist. Furthermore, the nature of the articles printed on the web site and Mr. Giordano’s statements at Columbia University constitute matters of public concern, because the information disseminated relates to the drug trade and its effect on people living in the hemisphere.”

Thus, for the first time in the history of U.S. courts, the New York Supreme Court extended the protections of Sullivan v. New York Times of 1964 to all internet journalists, and threw the case out of court. So this offers a clear road map for other Internet journalists –– if you follow basic, fair journalistic standards, citing the evidence and sources of information, you can quote what the Latin American press says, just like the New York Times can, without fear of harassing lawsuits by wealthy interests that seek to silence you. It’s not a blanket protection for anyone to just say anything on the Internet. But it is a strong protection for anyone who exercises an authentic journalistic practice. This will have far-reaching effects on how journalism is conducted. It puts a lot more pressure on the commercial press to pay attention to what’s reported on the Internet and extends the First Amendment to Internet reporting.

I spent a year working as a defendant and am now $200,000 in debt for having mounted that defense, and we’re moving towards a countersuit to recover those costs.

MM: Are there other examples where Citigroup has been implicated in activities like money laundering?

Giordano: Citigroup has been implicated in money laundering in other parts of Latin America. We’re published reports on their involvement in laundering money for Montesinos in Peru, for ex-President Carlos Menem and his involvement with arms trafficking in Argentina, and for the campaign of Mexican President Vicente Fox.

During the 2000 election campaign, copies of checks were published by El Universal, the largest newspaper in Mexico, that showed a very strange money laundering scheme in the Fox campaign. A large amount of money that originated in the United States, Europe and other places went through U.S. banks, one of which was Citigroup. The money was cut down into checks of less than $10,000 and then transferred over the international borders to Mexico where it was reassembled and given to TV Azteca and other media to cover some of the Fox campaign’s expenses. What’s significant about that $10,000 figure? Under U.S. law, any transfer of $10,000 or more must be reported. So if you have a sum of $100,000 and divide it into 11 checks, you can evade reporting. That behavior in the Fox campaign was reported by El Universal and elsewhere. We translated that work of the Mexican press and that was one of articles Banamex sued us for.

In my view as a reporter who covers the drug war from the front lines in Latin America, the real kingpins of drug trafficking do not wear sombreros or turbans. They wear suits and ties, go to respectable clubs, give money to all the major parties and are allowed to proceed with great impunity and protection. What this says is that the United States government is not really serious about fighting a drug war, and the prohibition on drugs, like the prohibition on alcohol before it, should be repealed.
http://www.multinationalmonitor.org/mm2002/042002/interview-giordano.html


02:42 PM - March 9, 2012 200 Years of Citi An alternate history By Ryan Chittum Facebook Twitter Email More sharing Print One Page Bloomberg’s Christine Harper, on Twitter, notes that Citigroup’s corporate timeline, launched in a must-have new iPad app called Citi News, has an odd sense of news judgment: Citi `timeline’ of its 200-year history has “launches mobile phone banking service” as the key - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf


2008 event I guess they forgot about that $45 billion taxpayer bailout to stave off the catastrophic bankruptcy of a $2 trillion colossus. Citi’s accompanying video on its 200 year history is quite the piece of corporate propaganda, too, as Eric Umansky says. So I thought I’d dust off a few - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf

highlights from over the years that didn’t make it into Citi’s official history (which I should say, includes helping fund The Audit a few years ago). Heck, you can’t blame ‘em. The press neglected some of these too. Email me if I’ve left something out and I’ll update this list.

— 1905: Scandal erupts over Standard Oil-dominated National City Bank’s sweetheart deal with Secretary of the Treasury. Congressman: “This is the old, bewhiskered, longstanding steal of the National City Bank.”

 — October 1929: National City Bank chairman “Sunshine Charlie” Mitchell: “I know of nothing fundamentally wrong with the stock market or with the underlying business and credit structure.” - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf
 

— 1933: Glass-Steagall Act is passed in large part due to National City Bank and Mitchell, who offloaded toxic securities onto unsuspecting investors. Senator Carter Glass said “Mitchell more than any 50 men is responsible for this stock crash.” Mitchell later forks over more than a million dollars to the government for tax evasion. Citi in 2012: “Charlie Mitchell is remembered by some as a controversial figure for his involvement in the securities market. However, his role in the creation of the consumer banking business cannot be overlooked. ‘In terms of what Mitchell did for the bank… it was really a tremendous contribution.’”

— 1961: To evade limits on interest rates, First National City CEO Walter Wriston begins selling CDs that can be cashed in early, which Paul Krugman and Robin Wells say “marked the first major crack in the system of bank regulation created in the 1930s, and hence arguably the first step on the road to the crisis of 2008.”

— 1970s: Wriston leads the banking industry’s charge into lending Latin American governments more than they could repay

— 1982: Wriston writes in The New York Times that a “country does not go bankrupt.”

— 1982: Citi and other banks get a backdoor bailout via aid to defaulting Latin American countries - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf
 

—1986: Sandy Weill (and Jamie Dimon, Robin to Weill’s Batman) buys predatory lender Commercial Credit Corporation, beginning an empire that will later become Citigroup

—1988: Weill buys Primerica, a sketchy multilevel-marketing (pyramid style) firm that sells term life insurance

— 1991: Salomon Brothers, which Weill bought in 1998, pays a $290 million settlement in a Treasury bond scandal *

— 1998: In what was then the biggest merger in history, Citicorp combines with Weill’s Traveler’s Group to create Citigroup, despite it violating the Glass-Steagall Act

—1998-2001: Citi and its analyst Jack Grubman help inflate the tech bubble

 — 1998-99: Treasury Secretary Robert Rubin pushes for the repeal of Glass-Steagall

— October 1999: Rubin leaves the Clinton Administration for a Citigroup job that will pay him $15 million a year to have no responsibilities

— November 1999: Congress repeals Glass-Steagall

— November 1999: CEO Sandy Weill urges telecom analyst Jack Grubman to take a “fresh look” at the stock of AT&T, whose CEO is on Citi’s board and controls a vote Weill needs in a power struggle with his co-CEO. Grubman sends the CEO a memo about wanting to get his twins into the prestigious 92nd Street Y. Citigroup donates - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf
$1 million to the Y, Grubman’s twins get two coveted spots, and Grubman upgrades AT&T to a “buy.”

— 2000 Citigroup buys predatory lender Associates First Capital for $31 billion

— 2000: Studies find that three-quarters of Citi’s mortgages are now made by a subprime unit

— 2001: Enron goes bankrupt after journalists help expose its fraudulent accounting. Citigroup will later pay investors and bondholders $3.7 billion for its role in the fraud. The SEC slaps Citi on the wrist and makes it promise not to break the law again - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf
 

— July 2002: WorldCom goes bankrupt. Citigroup will later pay the second-largest securities settlement in history: $2.7 billion to WorldCom investors and bondholders for its role in one of the biggest frauds in history

— September 2002: Citigroup pays a record $215 million fine to settle a Federal Trade Commission complaint on predatory lending at Associates

— 2003: Grubman is barred from the industry for life for fraudulent research

—April 2004: Citigroup pays a record $400 million—twice as much as any other firm—to settle Eliot Spitzer’s charges over flawed, conflicted stock research that inflated the tech bubble and for giving CEOs it did business with preferential access to hot IPOs

— May 2004: Alan Greenspan’s (!) Federal Reserve gets a $70 million settlement out of Citigroup for predatory subprime lending

— September 2004: Japan kicks Citigroup private bank out of the country for overcharging customers and helping others make improper deals

— May 2005: Citi agrees to pay $208 million after the SEC says it defrauded mutual fund customers. The SEC makes Citi promise not to break the law it made Citi promise not to break again back in 2001

 — May 2006: Citi agrees to pay $1.5 million after the SEC says it and other banks - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf
manipulated bond markets. The SEC makes Citi promise not to break the law it made Citi promise not to break again back in 2001 and 2005

— 2000-2007: Citigroup helps inflate the housing bubble with some $140 billion in collateralized debt obligations. It hands out $26 billion in subprime loans to consumers in 2005-2007

— July 2007: CEO Charles Prince tells the Financial Times that “As long as the music is playing, you’ve got to get up and dance.” Citigroup underwrites $50 billion worth of CDOs that year—more than any other bank

— November 2007: Prince is forced out after Citi announces it will write down up to $11 billion in toxic mortgage assets. Citi will ultimately take more than $30 billion in losses

— August 2008: Citi agrees to pay $18 million in a California settlement after it “knowingly stole from its customers, mostly poor people and the recently deceased,” in the words of California Attorney General Jerry Brown, by sweeping overpayments from their accounts into Citi’s fund and firing a whistleblower who complained

— October 2008: Citigroup gets bailed out for the first time (in this crisis, anyway), with $25 billion in TARP funds

—November 2008: Taxpayer rescue Citi from certain bankruptcy - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf
a second time with another $20 billion in taxpayer money and asset guarantees of some $300 billion

— December 2008: Citi agrees to repurchase $7 billion in auction-rate securities it sold with the SEC for telling investors they were safe when it knew they were deteriorating. The SEC makes Citi promise not to break the law it made Citi promise not to break again back in 2001, 2005, and 2006

 — February 2009: The U.S. government announces its third Citi bailout in four months, and is now the largest shareholder in Citigroup, controlling more than a third of its shares

— April 2009: Citigroup shares fall to 97 cents a share, down 98 percent from the all-time high

— August 2009: Citi argues that its star energy trader should be exempted from bailout compensation restrictions and given a $100 million bonus

— 2010: Citi agrees to pay $75 million to settle SEC charges over misleading its investors at the start of the financial crisis about its subprime exposure, which it understated by $43 billion

— 2011: Citigroup pays $285 million for misleading investors on a toxic CDO deal one of its traders called “dogshit” and “possibly the best SHORT ever” - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf
 

— 2012: Citigroup agrees to pay $2.2 billion to pay its portion of a settlement with the banking industry for the massive foreclosure scandal

— July 2012: Sandy Weill takes it all back, calling for investment banking to be separated from deposit taking—effectively reinstating Glass-Steagall he helped dismantle. His bad! Phew! As Citi’s narrator says in the video, “Our reputation rests on the integrity and dedication of those that came before us.” * List of updates: I originally said Weill bought Salomon Smith Barney in 1993. Smith Barney combined with Salomon in 1998. I added Mitchell’s tax evasion settlement in the 1933 item (h/t Mark Gimein). I added Sandy Weill’s astonishing support for breaking up the too big to fail banks. - See more at: http://www.cjr.org/the_audit/an_alternate_history_of_citigr.php?page=all#sthash.sxVyOf6U.dpuf

 

 

Entity Details

THIS IS NOT A STATEMENT OF GOOD STANDING

File Number: 2154254 Incorporation Date / Formation Date: 03/08/1988
(mm/dd/yyyy)
Entity Name: CITIGROUP INC.
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE

REGISTERED AGENT INFORMATION

Name: THE CORPORATION TRUST COMPANY
Address: CORPORATION TRUST CENTER 1209 ORANGE ST
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19801
Phone: (302)658-7581

https://delecorp.delaware.gov/tin/controller


Detail by Entity Name


Foreign Profit Corporation
CITIGROUP INC.

Filing Information

Document Number
F92000000596
FEI/EIN Number
521568099
Date Filed
12/10/1992
State
DE
Status
ACTIVE
Last Event
NAME CHANGE AMENDMENT
Event Date Filed
05/11/1999
Event Effective Date
NONE


Principal Address

399 PARK AVE
NEW YORK, NY 10043


Changed: 05/13/2002

Mailing Address

CITIGROUP INC
750 WASHINGTON BLVD. 9TH FLOOR
STAMFORD, CT 06901


Changed: 03/09/2012


Registered Agent Name & Address
C T CORPORATION SYSTEM
1200 SOUTH PINE ISLAND ROAD
PLANTATION, FL 33324



Officer/Director Detail
Name & Address

Title CEO

Corbat, Michael L
399 PARK AVE
NEW YORK, NY 10043


Title VC

Volk, Stephen R
399 PARK AVE
NEW YORK, NY 10043


Title DTO

CONLEY, JOHN A
750 WASHINGTON BLVD. 9TH FLOOR
STAMFORD, CT 06901


Title COB

O'Neill, Michael E
399 PARK AVE
NEW YORK, NY 10043


Title CFO

GERSPACH, JOHN C
399 PARK AVE
NEW YORK, NY 10022


Title VC

HELFER, MICHAEL S
399 PARK AVE
NEW YORK, NY 10043




Annual Reports

Report Year Filed Date
2011 01/19/2011
2012 03/09/2012
2013 03/13/2013



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10/22/1996 -- ANNUAL REPORT View image in PDF format
07/20/1995 -- ANNUAL REPORT View image in PDF format

http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail/EntityName/forp-f92000000596-07597571-f096-414e-b6a1-af1b125422b8/citigroup%20inc/Page1


Events

CITIGROUP INC.

Document Number F92000000596
Date Filed 12/10/1992
Effective Date None
Status Active



Event Type

Filed Date

Effective Date

Description

NAME CHANGE AMENDMENT 05/11/1999 OLD NAME WAS : TRAVELERS GROUP INC.
NAME CHANGE AMENDMENT 11/26/1996 OLD NAME WAS : THE TRAVELERS INC.
NAME CHANGE AMENDMENT 06/30/1994 OLD NAME WAS : PRIMERICA CORPORATION
http://search.sunbiz.org/Inquiry/CorporationSearch/EventHistory?aggregateId=forp-f92000000596-07597571-f096-414e-b6a1-af1b125422b8&entityId=F92000000596&CurrentPage=1&SearchTerm=citigroup%20inc&InquiryType=EntityName

399 PARK AVE
NEW YORK, NY 10043
Current Principal Place of Business:
Current Mailing Address:
CITIGROUP INC
750 WASHINGTON BLVD. 9TH FLOOR
STAMFORD, CT 06901 US
Entity Name: CITIGROUP INC.
DOCUMENT# F92000000596
FEI Number: 52-1568099 Certificate of Status Desired:
Name and Address of Current Registered Agent:
C T CORPORATION SYSTEM
1200 SOUTH PINE ISLAND ROAD
PLANTATION, FL 33324 US
The above named entity submits this statement for the purpose of changing its registered office or registered agent, or both, in the State of Florida.
SIGNATURE:
Electronic Signature of Registered Agent Date
Officer/Director Detail :
I hereby certify that the information indicated on this report or supplemental report is true and accurate and that my electronic signature shall have the same legal effect as if made under
oath; that I am an officer or director of the corporation or the receiver or trustee empowered to execute this report as required by Chapter 607, Florida Statutes; and that my name appears
above, or on an attachment with all other like empowered.
SIGNATURE:
Electronic Signature of Signing Officer/Director Detail Date
FILED
Mar 13, 2013
Secretary of State
CC1085563869
JOHN A. CONLEY DTO 03/13/2013

Title CEO
Name CORBAT, MICHAEL L
Address 399 PARK AVE
City-State-Zip: NEW YORK NY 10043
Title DTO
Name CONLEY, JOHN A
Address 750 WASHINGTON BLVD. 9TH FLOOR
City-State-Zip: STAMFORD CT 06901
Title CFO
Name GERSPACH, JOHN C
Address 399 PARK AVE
City-State-Zip: NEW YORK NY 10022
Title VC
Name VOLK, STEPHEN R
Address 399 PARK AVE
City-State-Zip: NEW YORK NY 10043
Title COB
Name O'NEILL, MICHAEL E
Address 399 PARK AVE
City-State-Zip: NEW YORK NY 10043
Title VC
Name HELFER, MICHAEL S
Address 399 PARK AVE
City-State-Zip: NEW YORK NY 10043

 




NY S Department of State
Division of Corporations
Entity Information
The information contained in this database is current through February 6, 2014.

Selected Entity Name: PRIMERICA CORPORATION

Selected Entity Status Information


Current Entity Name:
PRIMERICA CORPORATION

DOS ID #:
1349447

Initial DOS Filing Date:
MAY 03, 1989

County:
ALBANY

Jurisdiction:
WYOMING

Entity Type:
FOREIGN BUSINESS CORPORATION

Current Entity Status:
INACTIVE


Selected Entity Address Information


DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)

CT CORPORATION SYSTEM
1633 BROADWAY
NEW YORK, NEW YORK, 10022

Chief Executive Officer

S. I. WEILL
65 E. 55TH STREET
NEW YORK, NEW YORK, 10022

Principal Executive Office

PRIMERICA CORPORATION
65 E. 55TH STREET
NEW YORK, NEW YORK, 10022

Registered Agent

REGISTERED AGENT REVOKED

, ,


This office does not record information regarding the names and addresses of officers, shareholders or directors of nonprofessional corporations except the chief executive officer, if provided, which would be listed above. Professional corporations must include the name(s) and address(es) of the initial officers, directors, and shareholders in the initial certificate of incorporation, however this information is not recorded and only available by viewing the certificate.


*Stock Information



# of Shares

Type of Stock

$ Value per Share

No Information Available

*Stock information is applicable to domestic business corporations.


Name History



Filing Date

Name Type

Entity Name

MAY 03, 1989 Actual PRIMERICA CORPORATION

A Fictitious name must be used when the Actual name of a foreign entity is unavailable for use in New York State. The entity must use the fictitious name when conducting its activities or business in New York State.
NOTE: New York State does not issue organizational identification numbers.
 


 


NYS Department of State
Division of Corporations
Entity Information
The information contained in this database is current through February 6, 2014.



Selected Entity Name: PRIMERICA CORPORATION

Selected Entity Status Information


Current Entity Name:
CITIGROUP INC.

DOS ID #:
1688862

Initial DOS Filing Date:
DECEMBER 22, 1992

County:
NEW YORK

Jurisdiction:
DELAWARE

Entity Type:
FOREIGN BUSINESS CORPORATION

Current Entity Status:
ACTIVE


Selected Entity Address Information


DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)

C/O C T CORPORATION SYSTEM
111 EIGHTH AVENUE
NEW YORK, NEW YORK, 10011

Chief Executive Officer

MICHAEL CORBAT
399 PARK AVE
NEW YORK, NEW YORK, 10043

Principal Executive Office

CITIGROUP INC.
399 PARK AVE
NEW YORK, NEW YORK, 10022

Registered Agent

C T CORPORATION SYSTEM
111 EIGHTH AVENUE
NEW YORK, NEW YORK, 10011


This office does not record information regarding the names and addresses of officers, shareholders or directors of nonprofessional corporations except the chief executive officer, if provided, which would be listed above. Professional corporations must include the name(s) and address(es) of the initial officers, directors, and shareholders in the initial certificate of incorporation, however this information is not recorded and only available by viewing the certificate.


*Stock Information



# of Shares

Type of Stock

$ Value per Share

No Information Available

*Stock information is applicable to domestic business corporations.


Name History



Filing Date

Name Type

Entity Name

APR 23, 1999 Actual CITIGROUP INC.
AUG 13, 1996 Actual TRAVELERS GROUP INC.
JUN 30, 1994 Actual THE TRAVELERS INC.
DEC 22, 1992 Actual PRIMERICA CORPORATION

A Fictitious name must be used when the Actual name of a foreign entity is unavailable for use in New York State. The entity must use the fictitious name when conducting its activities or business in New York State.
NOTE: New York State does not issue organizational identification numbers.

 


NYS Department of State
Division of Corporations
Entity Information
The information contained in this database is current through February 6, 2014.



Selected Entity Name: PRIMERICA CORPORATION

Selected Entity Status Information


Current Entity Name:
PRIMERICA CORPORATION

DOS ID #:
8774

Initial DOS Filing Date:
OCTOBER 14, 1901

County:
ONTARIO

Jurisdiction:
NEW JERSEY

Entity Type:
FOREIGN BUSINESS CORPORATION

Current Entity Status:
INACTIVE - Termination (Apr 03, 1989)


Selected Entity Address Information


DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)

%THE PRENTICE-HALL
CORPORATION SYSTEM, INC.
1 GULF+WESTERN PLAZA
NEW YORK, NEW YORK, 10023-7773

Registered Agent

THE PRENTICE-HALL
CORPORATION SYSTEM, INC.
1 GULF+WESTERN PLAZA
NEW YORK, NEW YORK, 10023-7773


This office does not record information regarding the names and addresses of officers, shareholders or directors of nonprofessional corporations except the chief executive officer, if provided, which would be listed above. Professional corporations must include the name(s) and address(es) of the initial officers, directors, and shareholders in the initial certificate of incorporation, however this information is not recorded and only available by viewing the certificate.


*Stock Information



# of Shares

Type of Stock

$ Value per Share

No Information Available

*Stock information is applicable to domestic business corporations.


Name History



Filing Date

Name Type

Entity Name

AUG 24, 1987 Actual PRIMERICA CORPORATION
OCT 14, 1901 Actual AMERICAN CAN COMPANY

A Fictitious name must be used when the Actual name of a foreign entity is unavailable for use in New York State. The entity must use the fictitious name when conducting its activities or business in New York State.
NOTE: New York State does not issue organizational identification numbers.

 


NYS Department of State
Division of Corporations
Entity Information
The information contained in this database is current through February 6, 2014.



Selected Entity Name: AMERICAN CAN COMPANY

Selected Entity Status Information


Current Entity Name:
AMERICAN CAN COMPANY

DOS ID #:
1280401

Initial DOS Filing Date:
JULY 27, 1988

County:
NEW YORK

Jurisdiction:
DELAWARE

Entity Type:
FOREIGN BUSINESS CORPORATION

Current Entity Status:
INACTIVE - Surrender of Authority (Aug 22, 1994)


Selected Entity Address Information


DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)

LEGAL DEPT., AMERICAN NATINAL CAN COMPANY
8770 W. BRYN MAWR AVE.,
STE. 14 1
CHICAGO, ILLINOIS, 60631

Chief Executive Officer

M. A. FERRUCCI
1209 ORANGE ST
WILMINGTON, DELAWARE, 19801

Principal Executive Office

AMERICAN CAN COMPANY
1209 ORANGE ST
WILMINGTON, DELAWARE, 19801

Registered Agent

REGISTERED AGENT REVOKED

, ,


This office does not record information regarding the names and addresses of officers, shareholders or directors of nonprofessional corporations except the chief executive officer, if provided, which would be listed above. Professional corporations must include the name(s) and address(es) of the initial officers, directors, and shareholders in the initial certificate of incorporation, however this information is not recorded and only available by viewing the certificate.


*Stock Information



# of Shares

Type of Stock

$ Value per Share

No Information Available

*Stock information is applicable to domestic business corporations.


Name History



Filing Date

Name Type

Entity Name

JUL 27, 1988 Actual AMERICAN CAN COMPANY

A Fictitious name must be used when the Actual name of a foreign entity is unavailable for use in New York State. The entity must use the fictitious name when conducting its activities or business in New York State.
NOTE: New York State does not issue organizational identification numbers.
 


NYS Department of State
Division of Corporations
Entity Information
The information contained in this database is current through February 6, 2014.



Selected Entity Name: AMERICAN CAN COMPANY

Selected Entity Status Information


Current Entity Name:
PRIMERICA CORPORATION

DOS ID #:
8774

Initial DOS Filing Date:
OCTOBER 14, 1901

County:
ONTARIO

Jurisdiction:
NEW JERSEY

Entity Type:
FOREIGN BUSINESS CORPORATION

Current Entity Status:
INACTIVE - Termination (Apr 03, 1989)


Selected Entity Address Information


DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)

%THE PRENTICE-HALL
CORPORATION SYSTEM, INC.
1 GULF+WESTERN PLAZA
NEW YORK, NEW YORK, 10023-7773

Registered Agent

THE PRENTICE-HALL
CORPORATION SYSTEM, INC.
1 GULF+WESTERN PLAZA
NEW YORK, NEW YORK, 10023-7773


This office does not record information regarding the names and addresses of officers, shareholders or directors of nonprofessional corporations except the chief executive officer, if provided, which would be listed above. Professional corporations must include the name(s) and address(es) of the initial officers, directors, and shareholders in the initial certificate of incorporation, however this information is not recorded and only available by viewing the certificate.


*Stock Information



# of Shares

Type of Stock

$ Value per Share

No Information Available

*Stock information is applicable to domestic business corporations.


Name History



Filing Date

Name Type

Entity Name

AUG 24, 1987 Actual PRIMERICA CORPORATION
OCT 14, 1901 Actual AMERICAN CAN COMPANY

A Fictitious name must be used when the Actual name of a foreign entity is unavailable for use in New York State. The entity must use the fictitious name when conducting its activities or business in New York State.
NOTE: New York State does not issue organizational identification numbers.

 


NYS Department of State
Division of Corporations
Entity Information
The information contained in this database is current through February 6, 2014.



Selected Entity Name: AMERICAN CAN COMPANY FOUNDATION

Selected Entity Status Information


Current Entity Name:
THE TRAVELERS FOUNDATION

DOS ID #:
132119

Initial DOS Filing Date:
OCTOBER 03, 1960

County:
NEW YORK

Jurisdiction:
NEW YORK

Entity Type:
DOMESTIC NOT-FOR-PROFIT CORPORATION

Current Entity Status:
INACTIVE - Merged Out (Jan 01, 1999)


Selected Entity Address Information


DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)

%CT CORPORATION SYSTEM
1633 BROADWAY
NEW YORK, NEW YORK, 10019

Registered Agent

CT CORPORATION SYSTEM
1633 BROADWAY
NEW YORK, NEW YORK, 10019


This office does not record information regarding the names and addresses of officers, shareholders or directors of nonprofessional corporations except the chief executive officer, if provided, which would be listed above. Professional corporations must include the name(s) and address(es) of the initial officers, directors, and shareholders in the initial certificate of incorporation, however this information is not recorded and only available by viewing the certificate.


*Stock Information



# of Shares

Type of Stock

$ Value per Share

No Information Available

*Stock information is applicable to domestic business corporations.


Name History



Filing Date

Name Type

Entity Name

MAR 24, 1994 Actual THE TRAVELERS FOUNDATION
MAY 15, 1987 Actual PRIMERICA FOUNDATION
OCT 03, 1960 Actual AMERICAN CAN COMPANY FOUNDATION

A Fictitious name must be used when the Actual name of a foreign entity is unavailable for use in New York State. The entity must use the fictitious name when conducting its activities or business in New York State.
NOTE: New York State does not issue organizational identification numbers.
 


NYS Department of State
Division of Corporations
Entity Information
The information contained in this database is current through February 6, 2014.



Selected Entity Name: THE TRAVELERS FOUNDATION

Selected Entity Status Information


Current Entity Name:
THE TRAVELERS FOUNDATION

DOS ID #:
132119

Initial DOS Filing Date:
OCTOBER 03, 1960

County:
NEW YORK

Jurisdiction:
NEW YORK

Entity Type:
DOMESTIC NOT-FOR-PROFIT CORPORATION

Current Entity Status:
INACTIVE - Merged Out (Jan 01, 1999)


Selected Entity Address Information


DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)

%CT CORPORATION SYSTEM
1633 BROADWAY
NEW YORK, NEW YORK, 10019

Registered Agent

CT CORPORATION SYSTEM
1633 BROADWAY
NEW YORK, NEW YORK, 10019


This office does not record information regarding the names and addresses of officers, shareholders or directors of nonprofessional corporations except the chief executive officer, if provided, which would be listed above. Professional corporations must include the name(s) and address(es) of the initial officers, directors, and shareholders in the initial certificate of incorporation, however this information is not recorded and only available by viewing the certificate.


*Stock Information



# of Shares

Type of Stock

$ Value per Share

No Information Available

*Stock information is applicable to domestic business corporations.


Name History



Filing Date

Name Type

Entity Name

MAR 24, 1994 Actual THE TRAVELERS FOUNDATION
MAY 15, 1987 Actual PRIMERICA FOUNDATION
OCT 03, 1960 Actual AMERICAN CAN COMPANY FOUNDATION

A Fictitious name must be used when the Actual name of a foreign entity is unavailable for use in New York State. The entity must use the fictitious name when conducting its activities or business in New York State.
NOTE: New York State does not issue organizational identification numbers.
 


NYS Department of State
Division of Corporations
Search Results
The information contained in this database is current through February 6, 2014.



A total of 10 entities were found.

Entities 1 to 10


Entity Name

CITIBANK CAPITAL MANAGEMENT, INC.
CITIBANK EJV PARTICIPATION CORPORATION
CITIBANK EMPLOYEES FOUNDATION
CITIBANK INSURANCE AGENCY, INC.
CITIBANK NMTC CORPORATION
CITIBANK NMTC SUBSIDIARY CDE I, LLC
CITIBANK NMTC SUBSIDIARY CDE II, LLC
CITIBANK NMTC SUBSIDIARY CDE III, LLC
CITIBANK NMTC SUBSIDIARY CDE IV, LLC
CITIBANK NMTC SUBSIDIARY CDE V, LLC
http://appext20.dos.ny.gov/corp_public/CORPSEARCH.SELECT_ENTITY



NYS Department of State
Division of Corporations
Entity Information
The information contained in this database is current through February 6, 2014.



Selected Entity Name: CITIFINANCIAL, INC.

Selected Entity Status Information


Current Entity Name:
CITIFINANCIAL, INC.

DOS ID #:
118965

Initial DOS Filing Date:
APRIL 20, 1959

County:
WESTCHESTER

Jurisdiction:
NEW YORK

Entity Type:
DOMESTIC BUSINESS CORPORATION

Current Entity Status:
ACTIVE


Selected Entity Address Information


DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)

CITIFINANCIAL, INC.
ATTN: TAX AND REPORTING
PO BOX 30509
TAMPA, FLORIDA, 33631

Chief Executive Officer

JAMES W SCHNEIDER
300 ST PAUL PLACE
BALTIMORE, MARYLAND, 21202

Principal Executive Office

CITIFINANCIAL, INC.
300 ST PAUL PLACE
BALTIMORE, MARYLAND, 21202

Registered Agent

C T CORPORATION SYSTEM
111 EIGHTH AVENUE
NEW YORK, NEW YORK, 10011


This office does not record information regarding the names and addresses of officers, shareholders or directors of nonprofessional corporations except the chief executive officer, if provided, which would be listed above. Professional corporations must include the name(s) and address(es) of the initial officers, directors, and shareholders in the initial certificate of incorporation, however this information is not recorded and only available by viewing the certificate.


*Stock Information



# of Shares

Type of Stock

$ Value per Share

0 Capital Stock 100000

*Stock information is applicable to domestic business corporations.


Name History



Filing Date

Name Type

Entity Name

JUN 03, 1999 Actual CITIFINANCIAL, INC.
DEC 20, 1963 Actual COMMERCIAL CREDIT LOAN, INC.
APR 04, 1960 Actual C C LOAN PLAN, INC.
APR 20, 1959 Actual COMMERCIAL CREDIT PLAN, INCORPORATED

A Fictitious name must be used when the Actual name of a foreign entity is unavailable for use in New York State. The entity must use the fictitious name when conducting its activities or business in New York State.
NOTE: New York State does not issue organizational identification numbers.
 


Entity Name List


Corporate Name

Document Number

Status


COMMERCIAL CREDIT PLAN, INCORPORATED 853960 NAME HS
COMMERCIAL CREDIT PLAN, INCORPORATED P32134 CROSS RF
COMMERCIAL CREDIT PLANS INCORPORATED 140009 NAME HS
COMMERCIAL CREDIT SERVICE, INC. S72557 INACT
COMMERCIAL CREDIT SERVICES CORPORATION 836741 NAME HS
COMMERCIAL CREDIT SERVICES CORPORATION 836741 INACT
COMMERCIAL CREDIT SYSTEMS CORP. L94349 INACT

 



Entity Name List      Corporate Name  Document Number   Status


CITIFINANCIAL, INC. 807189 INACT
CITIFINANCIAL COMPANY F04000000930 CROSS RF
CITIFINANCIAL, INC. F04000000932 CROSS RF
CITIFINANCIAL, INC. F04000000933 CROSS RF
CITIFINANCIAL, INC. F04000000934 CROSS RF
CITIFINANCIAL CORPORATION F04000003876 CROSS RF
CITIFINANCIAL CORPORATION F96000002139 CROSS RF
CITIFINANCIAL CORPORATION, LLC M02000000658 Active
 

Detail by Entity Name

Foreign Profit Corporation
CITIFINANCIAL, INC.

Filing Information

Document Number
807189
FEI/EIN Number
520278518
Date Filed
11/13/1946
State
MD
Status
INACTIVE
Last Event
WITHDRAWAL
Event Date Filed
09/30/2013
Event Effective Date
NONE


Principal Address

300 ST PAUL PLACE
BALTIMORE, MD 21202


Changed: 04/09/2009

Mailing Address

P.O. BOX 30509
TAX & REPORTING
TAMPA, FL 33631


Changed: 04/09/2009


Registered Agent Name & Address
NONE
Registered Agent Revoked: 09/30/2013

Officer/Director Detail
Name & Address

Title P/D

SCHNEIDER, JAMES W
300 ST. PAUL PLACE
BALTIMORE, MD 21202


Title VP/S

DAVIS, LINDA S
300 ST. PAUL PLACE
BALTIMORE, MD 21202


Title T/D

LECHNER, GREGORY
300 ST. PAUL PLACE
BALTIMORE, MD 21202


Title AS

HOFFMAN, LISA A
3800 CITIGROUP CENTER DRIVE
TAMPA, FL 33610

Annual Reports

Report Year Filed Date
2011 04/04/2011
2012 03/23/2012
2013 04/05/2013

Document Images

09/30/2013 -- Withdrawal View image in PDF format
04/05/2013 -- ANNUAL REPORT View image in PDF format
03/23/2012 -- ANNUAL REPORT View image in PDF format
04/04/2011 -- ANNUAL REPORT View image in PDF format
04/07/2010 -- ANNUAL REPORT View image in PDF format
04/09/2009 -- ANNUAL REPORT View image in PDF format
04/04/2008 -- ANNUAL REPORT View image in PDF format
04/16/2007 -- ANNUAL REPORT View image in PDF format
03/22/2006 -- ANNUAL REPORT View image in PDF format
03/28/2005 -- ANNUAL REPORT View image in PDF format
03/15/2004 -- ANNUAL REPORT View image in PDF format
02/17/2003 -- ANNUAL REPORT View image in PDF format
05/13/2002 -- ANNUAL REPORT View image in PDF format
04/10/2001 -- ANNUAL REPORT View image in PDF format
04/25/2000 -- ANNUAL REPORT View image in PDF format
06/03/1999 -- Name Change View image in PDF format
04/16/1999 -- ANNUAL REPORT View image in PDF format
04/15/1998 -- ANNUAL REPORT View image in PDF format
05/15/1997 -- ANNUAL REPORT View image in PDF format
04/10/1996 -- ANNUAL REPORT View image in PDF format

Events Name History

Return to Search Results

 

Charter Search Results for: CITIFINANCIAL INC

Page 1 of 1

(Dept. ID) Entity Name Entity Detail Status
(T00122207) CITI FINANCIAL General Info. Amendments FORFEITED
(D00039032) CITIFINANCIAL, INC. General Info. Amendments Personal Property OLD NAME
(F03602323) CITIFINANCIAL AUTO CORPORATION General Info. Amendments Personal Property INCORPORATED
(F03473881) CITIFINANCIAL AUTO CREDIT, INC. General Info. Amendments Personal Property INCORPORATED
(F04041711) CITIFINANCIAL AUTO LTD. (MN) A/K/A CITIFINANCIAL AUTO LTD. General Info. Amendments Personal Property INCORPORATED
(F13227889) CITIFINANCIAL AUTO RECEIVABLES CORPORATION General Info. Amendments Personal Property INCORPORATED
(F07888050) CITIFINANCIAL CORPORATION OF COLORADO A/K/A CITIFINANCIAL C General Info. Amendments Personal Property MERGED
(F00404061) CITIFINANCIAL CREDIT COMPANY General Info. Amendments Personal Property OLD NAME
(F00404061) CITIFINANCIAL CREDIT COMPANY General Info. Amendments Personal Property INCORPORATED
(W13524897) CITIFINANCIAL GROUP, LLC General Info. Amendments Personal Property ACTIVE
(F07852981) CITIFINANCIAL, INC. (OH) AKA CITIFINANCIAL, INC. General Info. Amendments Personal Property MERGED
(F05102330) CITIFINANCIAL, INC. (WV) General Info. Amendments Personal Property INCORPORATED
(D02827368) CITI FINANCIAL & INVESTMENT CORPORATION General Info. Amendments Personal Property FORFEITED
(D00336164) CITIFINANCIAL MANAGEMENT CORPORATION General Info. Amendments Personal Property INCORPORATED
(F05405816) CITIFINANCIAL MORTGAGE COMPANY General Info. Amendments Personal Property OLD NAME
(T00246284) CITIFINANCIAL MORTGAGE COMPANY, INC. General Info. Amendments FORFEITED
(F02036242) CITIFINANCIAL MORTGAGE COMPANY, INC. General Info. Amendments Personal Property MERGED
(F02626067) CITIFINANCIAL SERVICES, INC. General Info. Amendments Personal Property DISSOLVED
(F07843915) CITIFINANCIAL SERVICES, INC. (OH) A/K/A CITIFINANCIAL SERVI General Info. Amendments Personal Property MERGED
(F14823074) CITIFINANCIAL SERVICING CORPORATION General Info. Amendments Personal Property DISSOLVED
(Z15066798) CITIFINANCIAL SERVICING LLC General Info. Amendments Personal Property ACTIVE
http://sdatcert3.resiusa.org/UCC-Charter/searchByName_a.aspx?mode=name


Entity Name: CITI FINANCIAL
Dept ID #: T00122207

General Information
Amendments

NOTICE ABOUT IMAGE AVAILABILITY AND ACCURACY

Page 1 of 1

Description Date Filed Time Film Folio Pages View Document Order Copies
LAPSED AT END OF TERM 03/16/2004 08:30 AM B00F91 0369 1 View Image


TRADE NAME REGISTRATION 02/05/1999 03:13 PM F4094 808 1

 


ActiveThis unincorporated entity is legally active and present in Maryland.

Annual ReportThe annual report is part of the personal property return that must be filed by most entities. It indicates the type of entity, name, mailing address, whether the mailing address is a new address, the Department ID number, the federal Employer ID Number, date and state of incorporation or formation, federal principal business code, whether business is conducted in Maryland, the nature of the business, and whether or not the entity owns, leases, or uses personal property in Maryland. In the case of corporations it lists officers and directors and whether the corporation can issue stock. The annual report is not the same as an annual report to shareholders that contains financial information required by the federal Securities and Exchange Commission.

Assessment YearThe calendar year in which a personal property return is required to be filed reporting property owned as of January 1 of the same year.

Business CodeA business description.

CancelledFor certain entities, the date their authority to do business in Maryland or their existence terminated.

Close / Not CloseMaryland law allows the creation of a category of stock corporations called a close corporation. A close corporation is an option for a corporation which has very few stockholders. This field is relevant only for Maryland corporations.

ConsolidatedThe legal existence of this entity ended with its voluntary consolidation with one or more other entities to form a new and separate entity.

ConvertedThis entity was converted to another entity type (LLC to a Corporation, For example) and was assigned a new Department ID Number, even though legally it is the same entity.

Date FiledThe date the document was filed with the Department.

Date of FormationThe date that the document which began this entity record was formally received for record by this Department. If this field indicates 1/1/1601, the entity existed prior to the creation of this Department's records, and the Department does not have the actual date of incorporation.

Department ID NumberThe unique identification number assigned by this Department. It is used when dealing with this Department, paying personal property taxes or getting a business license. Note that this is not the same as a Federal Employer Identification Number (EIN).
Note: Department ID numbers issued before 1999 are one letter followed by seven digits. Numbers issued starting in 1999 are one letter followed by eight digits. When looking up data by Department ID number, you must provide the letter and eight digits. If you have a seven-digit number, add a zero between the letter and the other digits.


DissolvedFor a Maryland entity, it voluntarily ended its existence. For a foreign entity it voluntarily ended its registration.

Effective DateThe date the document took effect if different from Date of Formation.

Employer Identification Number (EIN)The unique identification number assigned by the Internal Revenue Service (IRS). It is used when dealing with Federal authorities and the Comptroller of the Treasury. Note that this is not the same as a Department ID Number. An EIN is assigned by the IRS when an SS-4 form is submitted.

Entity NameThe full legal name of the entity as it appears in our file. For Maryland entities the record shows the legal name. For foreign entities it is possible that the legal name in the home jurisdiction will differ either because that name was not available at the time of registration in Maryland or the name was changed in the home state after registration here and we were not notified as required by law.

Entity Type The Department's files contain all the different types of business entities available under State law that can be created by a filing with the Department. These entities are limited liability partnerships, corporations, limited partnerships, limited liability companies, limited liability limited partnerships, business trusts, real estate investment trust and trade name filings.

ExtensionThe annual report is due on April 15 however the entity may request a 60-day extension. This is the date such a request was received, or in some cases the word "Filed" indicates an extension request was received. A blank field means no such request was received.

Filing DateMost entities are required to file an annual report. This date shows when the return was received. Returns received before early 1999 are not always shown, although the assessments certified for prior years are included in this database.
Filing Date and Time This is the instant this document in question was recorded with this Department. It is the instant the document is deemed effective unless the document itself contains a later effective date.

FilmWhere the image of a document resides for retrival purposes.

FolioStarting page reference to locate documents on the film.

ForfeitedFor a Maryland entity, its existence has been ended by the State for some delinquency. For a non-Maryland entity it means its authority to do business and legal presence here has been terminated. For a trade name it means the filing has lapsed after 5 years and not been renewed.
Good Standing An entity is deemed to be in good standing if all reports, filings and penalties due THIS DEPARTMENT are up to date and paid and the entity has a valid, active resident agent. An entity may be bankrupt, under indictment, and owe taxes to state, local and federal government and yet be in good standing with this Department.

IncorporatedThis corporation is legally active and present in Maryland.

MergedThe legal existence of this entity ceased with its merger into another entity.

Old Name
During the term of its existence an entity may change its name one or more times. In order to trace an entity which has changed its name to something else, the old name will continue to appear when a name search is done. If you select an item with Old Name in the Status column the current name, not the name you selected, will appear, on subsequent pages.

OwnerThe legal entity or person that is operating under a trade name and which may own and/or control the business.

PagesThe length of the document in microfilmed pages. This is helpful if you need a copy of the document, as the number of pages determines the charge for the document. The charge is $1 per page.

Penalty AmountAmount of penalty for the late filing of the year's Personal Property Report.

Penalty Paid Date The date a penalty for the late filing of the year's Personal Property Report was paid.

Principal OfficeAll Maryland entities require some Maryland address where certain records are to be kept or certain requests can be made on management. This may or may not be where the actual business endeavor is conducted. For foreign entities this is a mailing address that can be anywhere.

Renewal Expiration DateThe date this trade name will lapse unless renewed.

Renewal Notice DateTrade name filings (agency records) are good for five years from the original date of filing. They may be renewed within six months of the expiration date. Six months before the renewal expiration date the Department sends a notice to the owner(s) reminding them the trade name will soon expire. This notice contains a renewal form. This is the date the most recent renewal notice was mailed by the Department.

Reserved NameNames can be reserved for 30 days to allow the preparation of documents creating entities with names that will be available when the documents are submitted. The reserved name file includes foreign name registrations which are valid for the calendar year. It also includes information on documents filed within the last 90 days for entities.

Resident AgentA person that a sheriff can walk up to and hand a summons to in order to get jurisdiction over the entity for court. It may or may not be one of the owners or officers. In some cases this can be a Maryland corporation. In all cases the address must be a physical address (no P.O. boxes).

RevivedThe entity is currently back to active status after having been forfeited in the past. The entity took the legal steps necessary to reinstate its existence.

State of FormationJurisdiction where this entity is domiciled (formed). An entry reading "FC" means foreign country. Otherwise the standard postal abbreviations for the states are used.

StatusThe legal status of this entity or its registration with the Department. Status could be any one of the following: cancelled, forfeited, merged, consolidated, dissolved, old name, revived, incorporated, active, or inactive.

Status DateDate this entity acquired the status currently listed in the Status field.

Stock / NonstockA stock corporation is authorized by its charter to issue capital stock. A nonstock corporation has no authority to issue stock.

Subsequent TransactionsActive entities can file different documents during their existence which accomplish many functions. This is the list of those documents. Included are the entity's original filing, amendments, resolutions, mergers, supplementaries, restatements, revivals, dissolutions and a host of other miscellaneous documents. They appear chronologically with the date of each, the length in pages and a film/folio reference. In some cases there is a brief The time of day the document was filed (Eastern Time).
http://sdatcert3.resiusa.org/UCC-Charter/temp_defs.aspx#forfeited

Maryland Department of Assessments and Taxation
Business Services
(vw3)



Charter Search Results for: CITIGROUP

Page 1 of 1

(Dept. ID) Entity Name Entity Detail Status
CITIGROUP INC. General Info. Amendments UNKNOWN
(F12266805) CITIGROUP BUSINESS PROCESS SOLUTIONS PTE. LTD. General Info. Amendments Personal Property DISSOLVED
(F10582302) CITIGROUP ENERGY INC. General Info. Amendments Personal Property INCORPORATED
(F06518658) CITIGROUP GENEVA CAPITAL STRATEGIES INC. General Info. Amendments Personal Property MERGED
(F06518658) CITIGROUP GENEVA CAPITAL STRATEGIES INC. General Info. Amendments Personal Property OLD NAME
(D05792890) CITIGROUP GLOBAL IMPACT FUNDING TRUST, INC. General Info. Amendments Personal Property OLD NAME
(F05100698) CITIGROUP GLOBAL MARKETS INC. General Info. Amendments Personal Property INCORPORATED
(F01694504) CITIGROUP GLOBAL MARKETS REALTY CORP. General Info. Amendments Personal Property INCORPORATED
(F07519549) CITIGROUP GLOBAL SERVICES LIMITED General Info. Amendments Personal Property OLD NAME
(F04864096) CITIGROUP INVESTMENTS INC. General Info. Amendments Personal Property REVIVED
(D05071782) CITIGROUP INVESTMENTS CORPORATE LOAN FUND INC. General Info. Amendments Personal Property OLD NAME
(Z12942694) CITIGROUP LIFE AGENCY LLC General Info. Amendments Personal Property ACTIVE
(F05594643) CITIGROUP MANAGEMENT CORP. General Info. Amendments Personal Property INCORPORATED
(D11414265) CITIGROUP MORTGAGE, INC. General Info. Amendments Personal Property DISSOLVED
(F07429848) CITIGROUP RISK BROKERS INC. General Info. Amendments Personal Property DISSOLVED
(Z10667491) CITIGROUP SERVICES LLC General Info. Amendments Personal Property FORFEITED
(F03456423) CITIGROUP TECHNOLOGY, INC. General Info. Amendments Personal Property REVIVED
http://sdatcert3.resiusa.org/UCC-Charter/searchByName_a.aspx?mode=name


Maryland Department of Assessments and Taxation
Business Services
(vw3)

Charter Search Results for: CITIBANK

Page 1 of 1

(Dept. ID) Entity Name Entity Detail Status
(F00349399) CITIBANK, FSB (WASHINGTON, D.C.) General Info. Amendments Personal Property X
(F01996446) CITIBANK (MARYLAND), N.A. General Info. Amendments Personal Property FORFEITED
(F12223830) CITIBANK, N.A. General Info. Amendments Personal Property INCORPORATED
(F03896826) CITIBANK SERVICE CORPORATION General Info. Amendments Personal Property DISSOLVED

http://sdatcert3.resiusa.org/UCC-Charter/searchByName_a.aspx?mode=name

Entity Name: CITIBANK, N.A.
Dept ID #: F12223830


General Information
Amendments

Personal Property

Certificate of Status

Principal Office (Current):
399 PARK AVENUE
NEW YORK, NY 10043

Resident Agent (Current):
THE CORPORATION TRUST INCORPORATED
351 WEST CAMDEN STREET
BALTIMORE, MD 21201

Status: INCORPORATED
Good Standing: Yes What does it mean when a business is not in good standing or forfeited?
Business Code: Bank
Date of Formation or Registration: 11/07/2007
State of Formation: US
Stock/Nonstock: Stock
Close/Not Close: Unknown
 

Entity Name: CITICORP INSURANCE AGENCY, INC.
Dept ID #: F03489309

General Information
Amendments

Personal Property

Certificate of Status

Principal Office (Current):
46TH FL
1 COURT SQ
LONG ISLAND CITY, NY 11120

Resident Agent (Current):
THE CORPORATION TRUST INCORPORATED
300 E LOMBARD ST
BALTIMORE, MD 21202

Status: MERGED
Good Standing: No What does it mean when a business is not in good standing or forfeited?
Business Code: Ordinary Business - Stock
Date of Formation or Registration: 08/24/1992
State of Formation: DE
Stock/Nonstock: Stock
Close/Not Close: Unknown


Charter Search Results for: CITI

Page 1 2 3 4 5 6 7 8 9 10 of 10

(Dept. ID) Entity Name Entity Detail Status
(D11506672) CITI ALLIANCE INC. General Info. Amendments Personal Property FORFEITED
(T00248570) CITI ALLIANCE HEALTHCARE General Info. Amendments FORFEITED
(D10525137) CITI ASSOCIATES INCORPORATED General Info. Amendments Personal Property FORFEITED
(W13367768) CITI ASSOCIATES LLC General Info. Amendments Personal Property FORFEITED
(F13389721) CITI ASSURANCE SERVICES, INC. General Info. Amendments Personal Property INCORPORATED
(D00067363) CITI ASSURANCE SERVICES, INC. General Info. Amendments Personal Property MERGED
(F00349399) CITIBANK, FSB (WASHINGTON, D.C.) General Info. Amendments Personal Property X
(F01996446) CITIBANK (MARYLAND), N.A. General Info. Amendments Personal Property FORFEITED
(F12223830) CITIBANK, N.A. General Info. Amendments Personal Property INCORPORATED
(F03896826) CITIBANK SERVICE CORPORATION General Info. Amendments Personal Property DISSOLVED
(D03366549) CITI BUILDING & DEVELOPEMENT, INC. General Info. Amendments Personal Property FORFEITED
(W12990651) CITICABLE, LLC General Info. Amendments Personal Property FORFEITED
(W07645716) CITI CAPITAL LLC General Info. Amendments Personal Property FORFEITED
(F00306258) CITICAPITAL COMMERCIAL CORPORATION General Info. Amendments Personal Property MERGED
(F00268516) CITICAPITAL COMMERCIAL LEASING CORPORATION General Info. Amendments Personal Property MERGED
(F01591296) CITICAPITAL RELOCATION, INC. General Info. Amendments Personal Property OLD NAME
(F01168574) CITICAPITAL SMALL BUSINESS FINANCE, INC. General Info. Amendments Personal Property FORFEITED
(F10391548) CITICAPITAL SMALL BUSINESS FINANCE, INC. General Info. Amendments Personal Property DISSOLVED
(F00366831) CITICAPITAL TECHNOLOGY FINANCE, INC. General Info. Amendments Personal Property FORFEITED
(F04181368) CITICAPITAL TRAILER RENTAL, INC. General Info. Amendments Personal Property OLD NAME
(W05590096) CITICARE HEALTH CENTER, LLC General Info. Amendments Personal Property FORFEITED
(D03265394) CITICARS, INC. General Info. Amendments Personal Property INCORPORATED
(T00104441) CITICARS TRANSPORTATION General Info. Amendments FORFEITED
(F04998084) CITICASTERS CO. General Info. Amendments Personal Property REVIVED
(F02913101) CITI-CHEM, INC. General Info. Amendments Personal Property FORFEITED
(T00048969) CITICOM General Info. Amendments FORFEITED
(D03414711) CITICOM INVESTMENTS SYSTEMS INC. General Info. Amendments Personal Property FORFEITED
(F14485684) CITI CONCEPTS, INC. General Info. Amendments Personal Property INCORPORATED
(D05238290) CITI CONSTRUCTION, INC. General Info. Amendments Personal Property FORFEITED
(W06514426) CITI CONSULTING GROUP, LLC General Info. Amendments Personal Property FORFEITED
(T00181922) CITICONTRACTING SERVICES General Info. Amendments FORFEITED
(D07766348) CITI CONTRACTORS INC. General Info. Amendments Personal Property FORFEITED
(F01307362) CITICORP ACCEPTANCE COMPANY, INC. General Info. Amendments Personal Property OLD NAME
(F02460616) CITICORP COMMERCE SOLUTIONS, INC. General Info. Amendments Personal Property OLD NAME
(F01924893) CITICORP CREDIT SERVICES, INC. General Info. Amendments Personal Property FORFEITED
(F04313573) CITICORP CREDIT SERVICES, INC. (MARYLAND) General Info. Amendments Personal Property FORFEITED
(F07708282) CITICORP CREDIT SERVICES, INC.(USA) General Info. Amendments Personal Property REVIVED
(F00524546) CITICORP CUSTOM CREDIT, INC. General Info. Amendments Personal Property OLD NAME
(T00104547) CITICORP DEALER FINANCE General Info. Amendments FORFEITED
(F04164992) CITICORP DEL-LEASE, INC. General Info. Amendments Personal Property REVIVED
(F02150860) CITICORP DEL-LEASING, INC. General Info. Amendments Personal Property FORFEITED
(F06291959) CITICORP DINERS CLUB INC. General Info. Amendments Personal Property FORFEITED
(F00352203) CITICORP DINERS CLUB, INC. General Info. Amendments Personal Property DISSOLVED
(F00848846) CITICORP ELECTRONIC FINANCIAL SERVICES, INC. General Info. Amendments Personal Property OLD NAME
(F00623389) CITICORP FINANCIAL, INC. General Info. Amendments Personal Property FORFEITED
(F01739002) CITICORP FINANCIAL SERVICES, INC. General Info. Amendments Personal Property MERGED
(F00352294) CITICORP FINANCIAL SERVICES CORPORATION (D.C.) General Info. Amendments Personal Property FORFEITED
(F03456423) CITICORP GLOBAL TECHNOLOGY, INC. General Info. Amendments Personal Property OLD NAME
(F01347574) CITICORP HOME EQUITY, INC. General Info. Amendments Personal Property INCORPORATED
(F03972353) CITICORP HOME MORTGAGE SERVICES, INC. General Info. Amendments Personal Property INCORPORATED
(F01078419) CITICORP HOMEOWNERS, INC. General Info. Amendments Personal Property OLD NAME
(F00863985) CITICORP INDUSTRIAL CREDIT, INC. General Info. Amendments Personal Property FORFEITED
(F02448710) CITICORP INFORMATION MANAGEMENT SERVICES, INC. General Info. Amendments Personal Property FORFEITED
(F01359884) CITICORP INFORMATION RESOURCES, INC. General Info. Amendments Personal Property FORFEITED
(F06751804) CITICORP INFORMATION TECHNOLOGY, INC. General Info. Amendments Personal Property FORFEITED
(F03489309) CITICORP INSURANCE AGENCY, INC. General Info. Amendments Personal Property MERGED
(F02184554) CITICORP INSURANCE AGENCY, INC. General Info. Amendments Personal Property DISSOLVED
(F03489309) CITICORP INSURANCE AGENCY OF DELAWARE, INC. A/K/A CITICORP General Info. Amendments Personal Property OLD NAME
(D02971331) CITICORP INSURANCE AGENCY OF MARYLAND, INC. General Info. Amendments Personal Property DISSOLVED
(F03722162) CITICORP INSURANCE SERVICES, INC. General Info. Amendments Personal Property REVIVED
(F03456423) CITICORP INTERNATIONAL COMMUNICATIONS, INC. General Info. Amendments Personal Property OLD NAME
(F02207710) CITICORP INTERNATIONAL TECHNOLOGY, INC. General Info. Amendments Personal Property DISSOLVED
(F03150208) CITICORP INVESTMENT SERVICES, INC. A/K/A CITICORP INVESTMEN General Info. Amendments Personal Property FORFEITED
(F00357434) CITICORP LEASING, INC. General Info. Amendments Personal Property OLD NAME
Charter Search Results for: CITI

Page 1 2 3 4 5 6 7 8 9 10 of 10

(Dept. ID) Entity Name Entity Detail Status
(F00357434) CITICORP LEASING, INC. General Info. Amendments Personal Property OLD NAME
(F10443752) CITICORP LIFE INSURANCE COMPANY General Info. Amendments Personal Property ACTIVE
(F00553891) CITICORP MANAGEMENT SERVICES, INC. General Info. Amendments Personal Property FORFEITED
(F01078419) CITICORP MORTGAGE, INC. General Info. Amendments Personal Property OLD NAME
(F00352997) CITICORP MORTGAGE SERVICES CORPORATION General Info. Amendments Personal Property FORFEITED
(F01307362) CITICORP NATIONAL SERVICES, INC. General Info. Amendments Personal Property INCORPORATED
(F01724673) CITICORP NEVADA CREDIT, INC. General Info. Amendments Personal Property FORFEITED
(F01723964) CITICORP NEVADA LEASING, INC. General Info. Amendments Personal Property FORFEITED
(F10644045) CITICORP NORTH AMERICA, INC. General Info. Amendments Personal Property REVIVED
(F04816757) CITICORP PAYMENT SERVICES, INC. General Info. Amendments Personal Property DISSOLVED
(F03235959) CITICORP PAYROLL SERVICES, INC. General Info. Amendments Personal Property OLD NAME
(F00723395) CITICORP PERSON-TO-PERSON FINANCIAL CENTER, INC. General Info. Amendments Personal Property MERGED
(F00711945) CITICORP REAL ESTATE, INC. General Info. Amendments Personal Property FORFEITED
(F00524546) CITICORP RETAIL SERVICES, INC. General Info. Amendments Personal Property OLD NAME
(F00524546) CITICORP RETAIL SERVICES, INC. General Info. Amendments Personal Property FORFEITED
(F01591700) CITICORP RETAIL SERVICES, INC. General Info. Amendments Personal Property MERGED
(F02207710) CITICORP SATELLITE COMMUNICATIONS SERVICES, I General Info. Amendments Personal Property OLD NAME
(F03623618) CITICORP SECURITIES, INC. General Info. Amendments Personal Property FORFEITED
(F03623618) CITICORP SECURITIES MARKETS, INC. General Info. Amendments Personal Property OLD NAME
(F07894843) CITICORP SECURITIES SERVICES, INC. General Info. Amendments Personal Property INCORPORATED
(D00067363) CITICORP SELECT, INC. General Info. Amendments Personal Property OLD NAME
(F03150208) CITICORP SELECT INVESTMENTS, INC. General Info. Amendments Personal Property OLD NAME
(F01359884) CITICORP SERVICE BUREAUS, INC. General Info. Amendments Personal Property OLD NAME
(F01699297) CITICORP SERVICE BUREAUS, INC. (NOT QUALIFIED) General Info. Amendments Personal Property FORFEITED
(F00848846) CITICORP SERVICES, INC. General Info. Amendments Personal Property OLD NAME
(D03801016) CITICORP TRUST COMPANY (MARYLAND) General Info. Amendments Personal Property DISSOLVED
(F03201613) CITICORP USA, INC. General Info. Amendments Personal Property REVIVED
(F02709491) CITICORP VENDOR FINANCE, INC. General Info. Amendments Personal Property MERGED
(D10815314) CITI COURIER, INC. General Info. Amendments Personal Property FORFEITED
(T00119059) CITI DOLLOR General Info. Amendments FORFEITED
(W14194419) CITIENGINEERS LLC General Info. Amendments Personal Property FORFEITED
(W15396914) CITIES INTERNATIONAL, LLC General Info. Amendments Personal Property ACTIVE
(D04461174) CITIES OF REFUGE, INC. General Info. Amendments Personal Property FORFEITED
(T00291378) CITIES REMODEL General Info. Amendments ACTIVE
(F00294819) CITIES SERVICE COMPANY General Info. Amendments Personal Property DISSOLVED
(F00019646) CITIES SERVICE BITUMINOUS CO. General Info. Amendments Personal Property FORFEITED
(F00240341) CITIES SERVICE OIL COMPANY General Info. Amendments Personal Property MERGED
(F01504638) CITIES SERVICE OIL AND GAS CORPORATION General Info. Amendments Personal Property OLD NAME
(F01510478) CITIES SERVICE RMT CORPORATION General Info. Amendments Personal Property OLD NAME
(Z12804662) CITIES2NIGHT, LLC General Info. Amendments Personal Property FORFEITED
(D04816906) CITIFED DIVERSIFIED, INC. General Info. Amendments Personal Property FORFEITED
(D05317771) CITIFIED INVESTMENTS, INC. General Info. Amendments Personal Property FORFEITED
(T00122207) CITI FINANCIAL General Info. Amendments FORFEITED
(D00039032) CITIFINANCIAL, INC. General Info. Amendments Personal Property OLD NAME
(F03602323) CITIFINANCIAL AUTO CORPORATION General Info. Amendments Personal Property INCORPORATED
(F03473881) CITIFINANCIAL AUTO CREDIT, INC. General Info. Amendments Personal Property INCORPORATED
(F04041711) CITIFINANCIAL AUTO LTD. (MN) A/K/A CITIFINANCIAL AUTO LTD. General Info. Amendments Personal Property INCORPORATED
(F13227889) CITIFINANCIAL AUTO RECEIVABLES CORPORATION General Info. Amendments Personal Property INCORPORATED
(F07888050) CITIFINANCIAL CORPORATION OF COLORADO A/K/A CITIFINANCIAL C General Info. Amendments Personal Property MERGED
(F00404061) CITIFINANCIAL CREDIT COMPANY General Info. Amendments Personal Property INCORPORATED
(F00404061) CITIFINANCIAL CREDIT COMPANY General Info. Amendments Personal Property OLD NAME
(W13524897) CITIFINANCIAL GROUP, LLC General Info. Amendments Personal Property ACTIVE
(F07852981) CITIFINANCIAL, INC. (OH) AKA CITIFINANCIAL, INC. General Info. Amendments Personal Property MERGED
(F05102330) CITIFINANCIAL, INC. (WV) General Info. Amendments Personal Property INCORPORATED
(D02827368) CITI FINANCIAL & INVESTMENT CORPORATION General Info. Amendments Personal Property FORFEITED
(D00336164) CITIFINANCIAL MANAGEMENT CORPORATION General Info. Amendments Personal Property INCORPORATED
(F05405816) CITIFINANCIAL MORTGAGE COMPANY General Info. Amendments Personal Property OLD NAME
(F02036242) CITIFINANCIAL MORTGAGE COMPANY, INC. General Info. Amendments Personal Property MERGED
(T00246284) CITIFINANCIAL MORTGAGE COMPANY, INC. General Info. Amendments FORFEITED
(F02626067) CITIFINANCIAL SERVICES, INC. General Info. Amendments Personal Property DISSOLVED
(F07843915) CITIFINANCIAL SERVICES, INC. (OH) A/K/A CITIFINANCIAL SERVI General Info. Amendments Personal Property MERGED
(F14823074) CITIFINANCIAL SERVICING CORPORATION General Info. Amendments Personal Property DISSOLVED
(Z15066798) CITIFINANCIAL SERVICING LLC General Info. Amendments Personal Property ACTIVE
(T00208436) CITIFIRST MORTGAGE SERVICES General Info. Amendments CANCELLED
(F01713460) CITIFONE, INC. General Info. Amendments Personal Property FORFEITED
Charter Search Results for: CITI

Page 1 2 3 4 5 6 7 8 9 10 of 10

(Dept. ID) Entity Name Entity Detail Status
(F01713460) CITIFONE, INC. General Info. Amendments Personal Property FORFEITED
(W12608832) CITIGAMBLER LLC. General Info. Amendments Personal Property ACTIVE
(T00210842) CITIGATE GLOBAL INTELLIGENCE General Info. Amendments FORFEITED
(Z07407398) CITIGATE GLOBAL INTELLIGENCE AND SECURITY LLC General Info. Amendments Personal Property DISSOLVED
(T00191241) CITIGATE INVESTIGATIVE & FORENSIC ACCOUNTING General Info. Amendments FORFEITED
(T00192375) CITIGATES General Info. Amendments FORFEITED
(T00173318) CITIGIRLTWO DESIGN General Info. Amendments FORFEITED
(D05792890) CITI GLOBAL IMPACT FUNDING TRUST, INC. General Info. Amendments Personal Property OLD NAME
CITIGROUP INC. General Info. Amendments UNKNOWN
(F12266805) CITIGROUP BUSINESS PROCESS SOLUTIONS PTE. LTD. General Info. Amendments Personal Property DISSOLVED
(F10582302) CITIGROUP ENERGY INC. General Info. Amendments Personal Property INCORPORATED
(F06518658) CITIGROUP GENEVA CAPITAL STRATEGIES INC. General Info. Amendments Personal Property MERGED
(F06518658) CITIGROUP GENEVA CAPITAL STRATEGIES INC. General Info. Amendments Personal Property OLD NAME
(D05792890) CITIGROUP GLOBAL IMPACT FUNDING TRUST, INC. General Info. Amendments Personal Property OLD NAME
(F05100698) CITIGROUP GLOBAL MARKETS INC. General Info. Amendments Personal Property INCORPORATED
(F01694504) CITIGROUP GLOBAL MARKETS REALTY CORP. General Info. Amendments Personal Property INCORPORATED
(F07519549) CITIGROUP GLOBAL SERVICES LIMITED General Info. Amendments Personal Property OLD NAME
(F04864096) CITIGROUP INVESTMENTS INC. General Info. Amendments Personal Property REVIVED
(D05071782) CITIGROUP INVESTMENTS CORPORATE LOAN FUND INC. General Info. Amendments Personal Property OLD NAME
(Z12942694) CITIGROUP LIFE AGENCY LLC General Info. Amendments Personal Property ACTIVE
(F05594643) CITIGROUP MANAGEMENT CORP. General Info. Amendments Personal Property INCORPORATED
(D11414265) CITIGROUP MORTGAGE, INC. General Info. Amendments Personal Property DISSOLVED
(F07429848) CITIGROUP RISK BROKERS INC. General Info. Amendments Personal Property DISSOLVED
(Z10667491) CITIGROUP SERVICES LLC General Info. Amendments Personal Property FORFEITED
(F03456423) CITIGROUP TECHNOLOGY, INC. General Info. Amendments Personal Property REVIVED
(Z14500136) CITI GSM PORTFOLIO LLC General Info. Amendments Personal Property ACTIVE
(F01558568) CITI-GUIDE SYSTEMS, INC. General Info. Amendments Personal Property FORFEITED
(D03127206) CITI HOME INSPECTIONS, INC. General Info. Amendments Personal Property FORFEITED
(T00202769) CITIHOME RENOVATION & REMODELING LLC General Info. Amendments FORFEITED
(D06883045) CITI HOUSEHOLD FINANCIAL SERVICES INC. General Info. Amendments Personal Property FORFEITED
(D11127552) CITI INVESTMENT CORP. General Info. Amendments Personal Property FORFEITED
(D01749886) CITIKON CORPORATION General Info. Amendments Personal Property FORFEITED
(D06520084) CITILITES PRESS, INC. General Info. Amendments Personal Property FORFEITED
(F12632014) CITILOG, INC. General Info. Amendments Personal Property REVIVED
(D02453439) CITI MAINTENANCE CORPORATION General Info. Amendments Personal Property FORFEITED
(D07020951) CITI MANAGEMENT SERVICES, INC. General Info. Amendments Personal Property FORFEITED
(T00300697) CITI MART General Info. Amendments ACTIVE
(T00102133) CITIMART General Info. Amendments FORFEITED
(L09316647) CITIMART Personal Property INACTIVE
(T00193305) CITIMAX MORTGAGE General Info. Amendments FORFEITED
(D15511116) CITIMEDIA INC. General Info. Amendments Personal Property INCORPORATED
(F03413085) CITIMEDIA, INC. General Info. Amendments Personal Property DISSOLVED
(W10798072) CITI MEDICAL AND TRANSPORTATION SERVICES, LLC General Info. Amendments Personal Property FORFEITED
(F14402242) CITI MINISTRIES, INC. General Info. Amendments Personal Property INCORPORATED
(F10539567) CITIMORTGAGE, INC. General Info. Amendments Personal Property INCORPORATED
(F01078419) CITIMORTGAGE, INC. General Info. Amendments Personal Property MERGED
(D14796718) CITI MOTORS INC. General Info. Amendments Personal Property INCORPORATED
(T00351475) CITI MOTORS SELECT PRE-OWNED General Info. Amendments ACTIVE
(D06789770) CITI NAILS, INC. General Info. Amendments Personal Property FORFEITED
(D10795730) CITI NAILS, INC. General Info. Amendments Personal Property INCORPORATED
(W14490510) CITINAV LLC General Info. Amendments Personal Property ACTIVE
(F10807543) CITINET MORTGAGE, INC. General Info. Amendments Personal Property FORFEITED
(D01328673) CIT INFORMATION SERVICES, INC. General Info. Amendments Personal Property OLD NAME
(F06970495) CIT INSURANCE AGENCY, INC. General Info. Amendments Personal Property INCORPORATED
(F06970495) CIT INSURANCE SERVICES, INC. General Info. Amendments Personal Property OLD NAME
(D12613972) CITIONE MORTGAGE CORPORATION General Info. Amendments Personal Property FORFEITED
(D05611827) CITIPACIFIC INTERNATIONAL RESOURCES, INC. General Info. Amendments Personal Property FORFEITED
(W13885363) CITIPARK MD, LLC General Info. Amendments Personal Property FORFEITED
(W11047537) CITIPLEX LLC General Info. Amendments Personal Property FORFEITED
(F14205546) CITI PORTFOLIO CORP. General Info. Amendments Personal Property MERGED
(F07044787) CITI PROPERTY HOLDINGS INC. General Info. Amendments Personal Property INCORPORATED
(W05214622) CITI REALTY SERVICES, LLC General Info. Amendments Personal Property FORFEITED
(F12095972) CITI RESIDENTIAL LENDING INC. General Info. Amendments Personal Property INCORPORATED
(D02960672) CITIROOF CORP. General Info. Amendments Personal Property INCORPORATED
(T00308823) CITISPIRITZ General Info. Amendments ACTIVE

http://sdatcert3.resiusa.org/UCC-Charter/searchByName_a.aspx?mode=name


Entity Name: CITIGROUP INC.


General Information
Amendments


Filing Date: 01/08/2014
Filing Time: 03:54 PM
St of Formation:
Expiration Date: 02/07/2014

Filer Information


THE CORPORATION TRUST INCORPORATED
351 WEST CAMDEN STREET
BALTIMORE, MD 212017912

 

Selling restrictions
General
Other than in the United States, no action has been taken by us, the selling stockholders or the underwriters that would permit a public offering of the securities offered by this prospectus in any jurisdiction where action for that purpose is required. The shares of our common stock offered by this prospectus may not be offered or sold, directly or indirectly, nor may this prospectus or any other offering material or advertisements in connection with the offer and sale of any such securities be distributed or published in any jurisdiction, except under circumstances that will result in compliance with the applicable rules and regulations of that jurisdiction. Persons into whose possession this prospectus comes are advised to inform themselves about and to observe any restrictions relating to the offering and the distribution of this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities offered by this prospectus in any jurisdiction in which such an offer or a solicitation is unlawful.

European economic area
In relation to each member state of the EEA, or a Relevant Member State which has implemented the EU Prospectus Directive, as defined below, from and including the date on which the EU Prospectus Directive was implemented in that Relevant Member State, or the Relevant Implementation Date, an offer of securities described in this prospectus may not be made to the public in that Relevant Member State prior to the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Relevant Member State or, where appropriate, approved in another Relevant Member State and notified to the competent authority in that Relevant Member State, all in accordance with the EU Prospectus Directive, except that, with effect from and including the Relevant Implementation Date, an offer of securities described in this prospectus may be made to the public in that Relevant Member State at any time:

•to any legal entity which is a qualified investor as defined under the EU Prospectus Directive;

•to fewer than 100 or, if the Relevant Member State has implemented the relevant provision of the 2010 PD Amending Directive, 150 natural or legal persons (other than qualified investors as defined in the EU Prospectus Directive); or

•in any other circumstances falling within Article 3(2) of the EU Prospectus Directive,

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provided that no such offer of securities described in this prospectus shall result in a requirement for the publication by us of a prospectus pursuant to Article 3 of the EU Prospectus Directive.

For the purposes of this provision, the expression an “offer of securities to the public” in relation to any securities in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to purchase or subscribe for the securities, as the same may be varied in that member state by any measure implementing the EU Prospectus Directive in that member state.

 The expression “EU Prospectus Directive” means Directive 2003/71/EC (and any amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State) and includes any relevant implementing measure in each Relevant Member State, and the expression “2010 PD Amending Directive” means Directive 2010/73/EU.

United Kingdom
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, or the Order, or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling with Article 49(2)(a) to (e) of the Order (all such persons together being referred to as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Switzerland
The securities may not be publicly offered in Switzerland and will not be listed on the SIX Swiss Exchange, or SIX, or on any other stock exchange or regulated trading facility in Switzerland. This document has been prepared without regard to the disclosure standards for issuance prospectuses under art. 652a or art. 1156 of the Swiss Code of Obligations or the disclosure standards for listing prospectuses under art. 27 ff. of the SIX Listing Rules or the listing rules of any other stock exchange or regulated trading facility in Switzerland. Neither this document, nor any other offering or marketing material relating to the securities or the offering, may be publicly distributed or otherwise made publicly available in Switzerland.

Neither this document nor any other offering or marketing material relating to the offering, the Company or the securities has been or will be filed with or approved by any Swiss regulatory authority. In particular, this document will not be filed with, and the offer of securities will not be supervised by, the Swiss Financial Market Supervisory Authority FINMA, or FINMA, and the offer of securities has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes, or CISA. The investor protection afforded to acquirers of interests in collective investment schemes under the CISA does not extend to acquirers of securities.

United Arab Emirates
This prospectus relates to an Exempt Offer in accordance with the Offered Securities Rules of the Dubai Financial Services Authority (“DFSA”). This prospectus is intended for distribution only to persons of a type specified in the Offered Securities Rules of the DFSA. It must not be delivered to, or relied on by, any other person. The DFSA has no responsibility for reviewing or verifying any documents in connection with Exempt Offers.

 The DFSA has not approved this prospectus nor taken steps to verify the information set forth herein and has no responsibility for the prospectus. The securities to which this prospectus relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers of the securities offered should conduct their own due diligence on the securities. If you do not understand the contents of this prospectus you should consult an authorized financial advisor.

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Australia
No placement document, prospectus, product disclosure statement or other disclosure document has been lodged with the Australian Securities and Investments Commission (“ASIC”), in relation to the offering. This prospectus does not constitute a prospectus, product disclosure statement or other disclosure document under the Corporations Act 2001 (the “Corporations Act”), and does not purport to include the information required for a prospectus, product disclosure statement or other disclosure document under the Corporations Act.

Any offer in Australia of the securities may only be made to persons (the “Exempt Investors”) who are “sophisticated investors” (within the meaning of section 708(8) of the Corporations Act), “professional investors” (within the meaning of section 708(11) of the Corporations Act) or otherwise pursuant to one or more exemptions contained in section 708 of the Corporations Act so that it is lawful to offer the securities without disclosure to investors under Chapter 6D of the Corporations Act.

The securities applied for by Exempt Investors in Australia must not be offered for sale in Australia in the period of 12 months after the date of allotment under the offering, except in circumstances where disclosure to investors under Chapter 6D of the Corporations Act would not be required pursuant to an exemption under section 708 of the Corporations Act or otherwise or where the offer is pursuant to a disclosure document which complies with Chapter 6D of the Corporations Act. Any person acquiring securities must observe such Australian on-sale restrictions.

This prospectus contains general information only and does not take account of the investment objectives, financial situation or particular needs of any particular person. It does not contain any securities recommendations or financial product advice. Before making an investment decision, investors need to consider whether the information in this prospectus is appropriate to their needs, objectives and circumstances, and, if necessary, seek expert advice on those matters.

Hong Kong
The securities have not been offered or sold and will not be offered or sold in Hong Kong, by means of any document, other than (a) to “professional investors” as defined in the Securities and Futures Ordinance (Cap. 571) of Hong Kong and any rules made under that Ordinance; or (b) in other circumstances which do not result in the document being a “prospectus” as defined in the Companies Ordinance (Cap. 32) of Hong Kong or which do not constitute an offer to the public within the meaning of that Ordinance. No advertisement, invitation or document relating to the securities has been or may be issued or has been or may be in the possession of any person for the purposes of issue, whether in Hong Kong or elsewhere, which is directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to securities which are or are intended to be disposed of only to persons outside Hong Kong or only to “professional investors” as defined in the Securities and Futures Ordinance and any rules made under that Ordinance.

Japan
The securities have not been and will not be registered under the Financial Instruments and Exchange Law of Japan (Law No. 25 of 1948, as amended) and, accordingly, will not be offered or sold, directly or indirectly, in Japan, or for the benefit of any Japanese Person or to others for re-offering or resale, directly or indirectly, in Japan or to any Japanese Person, except in compliance with all applicable laws, regulations and ministerial guidelines promulgated by relevant Japanese governmental or regulatory authorities in effect at the relevant time. For the purposes of this paragraph, “Japanese Person” shall mean any person resident in Japan, including any corporation or other entity organized under the laws of Japan.

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Singapore
This prospectus has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this prospectus and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of securities may not be circulated or distributed, nor may the securities be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 274 of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”), (ii) to a relevant person pursuant to Section 275(1), or any person pursuant to Section 275(1A), and in accordance with the conditions specified in Section 275, of the SFA, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

Where the securities are subscribed or purchased under Section 275 of the SFA by a relevant person which is:
(a) a corporation (which is not an accredited investor (as defined in Section 4A of the SFA)) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor; or
(b) a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary of the trust is an individual who is an accredited investor,
securities (as defined in Section 239(1) of the SFA) of that corporation or the beneficiaries’ rights and interest (howsoever described) in that trust shall not be transferred within six months after that corporation or that trust has acquired the securities pursuant to an offer made under Section 275 of the SFA except:

(a) to an institutional investor or to a relevant person defined in Section 275(2) of the SFA, or to any person arising from an offer referred to in Section 275(1A) or Section 276(4)(i)(B) of the SFA;
(b) where no consideration is or will be given for the transfer;
(c) where the transfer is by operation of law;
(d) as specified in Section 276(7) of the SFA; or
(e) as specified in Regulation 32 of the Securities and Futures (Offers of Investments) (Shares and Debentures) Regulations 2005 of Singapore.

Other activities
The underwriters and their respective affiliates are full service financial institutions engaged in various activities, which may include securities trading, commercial and investment banking, financial advisory, investment management, investment research, principal investment, hedging, financing and brokerage activities.

Certain of the underwriters and their affiliates have provided in the past to us and our affiliates and may provide from time to time in the future certain commercial banking, financial advisory, investment banking and other services for us and such affiliates in the ordinary course of their business, for which they have received and may continue to receive customary fees and commissions.

In addition, from time to time, certain of the underwriters and their affiliates may effect transactions for their own account or the account of customers, and hold on behalf of themselves or their customers, long or short positions in our debt or equity securities or loans, and may do so in the future.

The underwriters and their respective affiliates may also make investment recommendations and/or publish or express independent research views in respect of such securities or instruments and may at any time hold, or recommend to clients that they acquire, long and/or short positions in such securities and instruments.

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Legal matters
Mayer Brown LLP, New York, New York, has passed upon the validity of the common stock offered hereby on our behalf. The underwriters are being represented by Davis Polk & Wardwell LLP, New York, New York.

Change in independent registered public accounting firm
On July 29, 2014, at the direction of our board of directors, we dismissed Grant Thornton LLP (“Grant Thornton”) as the company’s independent registered public accounting firm, effective immediately. The decision to change accounting firms was approved by our board of directors on July 29, 2014.

During our two most recent fiscal years ended March 31, 2013 and 2014 and through the date of their dismissal, July 29, 2014, there were no disagreements with Grant Thornton on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Grant Thornton, would have caused Grant Thornton to make reference to the subject matter of disagreement in their reports on our consolidated financial statements.

In addition, during such periods, there were no “reportable events” as that term is defined in Item 304(a)(1)(v) of Regulation S-K. Grant Thornton’s reports on our consolidated financial statements as of and for the fiscal years ended March 31, 2013 and 2014 did not contain any adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.


We provided Grant Thornton with a copy of the above disclosure made in response to Item 304(a) of Regulation S-K prior to its filing with the SEC and requested Grant Thornton furnish the company with a letter addressed to the SEC, stating whether it agrees with the above statements and if not, stating the respects in which it does not agree. A letter addressed to the SEC from Grant Thornton stating that it agrees with the statements made herein is filed as Exhibit 16.1 to the Registration Statement of which this prospectus is a part.

On October 24, 2014, at the direction of our board of directors, we engaged KPMG LLP (“KPMG”), effective immediately, to serve as the company’s independent registered public accounting firm to audit the company’s financial statements for the fiscal years ended March 31, 2012, 2013 and 2014. Our board of directors approved the engagement of KPMG on October 23, 2014.

During our fiscal years ended March 31, 2013 and 2014, and the subsequent interim period prior to engaging KPMG, neither the company nor anyone on its behalf has consulted with KPMG regarding either of the following:

(1) the application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on our financial statements, and KPMG did not provide a written report or oral advice on any accounting, auditing or financial reporting issue that KPMG concluded was an important factor considered by the company in reaching a decision as to the accounting, auditing or financial reporting issue, or

(2) any matter that was either the subject of a disagreement, as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions, or a “reportable event,” as defined in Item 304(a)(1)(v) of Regulation S-K.

Experts
The consolidated financial statements of Commercial Credit Group Inc. as of March 31, 2013 and 2014, and for each of the years in the three-year period ended March 31, 2014, have been included herein in reliance upon the report of KPMG LLP, independent registered public accounting firm, appearing elsewhere herein, and upon the authority of said firm as experts in accounting and auditing.

Below is a list of the names, ages as of March 1, 2015, positions, and a brief account of the business experience, of the individuals who serve as the executive officers and directors as of the date of this prospectus.

Name       Age      Position

Daniel McDonough  52
 President, Chief Executive Officer and Chairman

E. Roger Gebhart   58
 Senior Vice President and Chief Financial Officer

Kevin McGinn    46
  
Daniel McDonough has served as our President, Chief Executive Officer and Chairman since the company’s inception in 2004.

Mr. McDonough began his career in equipment finance with First Interstate Credit Alliance Inc. in 1986 as a credit analyst and Regional Credit Manager. Prior to founding the company, Mr. McDonough spent 14 years at Financial Federal Credit Inc. where he had oversight responsibility for their Charlotte and Houston operation centers.

Mr. McDonough earned a B.B. degree from Western Illinois University and an M.B.A. degree from DePaul University.

E. Roger Gebhart has served as our Senior Vice President and Chief Financial Officer since 2005. Prior to joining the company, Mr. Gebhart worked with the Redstone Group in Houston, Texas as a director in their private equity group where he developed and managed investments in the general industry middle-market area and in specialty finance.

From 1997 to 2001, Mr. Gebhart served as Executive Vice President, Treasurer and Chief Operating Officer of First Sierra Financial, Inc.

Mr. Gebhart worked at First Union Capital Markets in their specialized industries finance group from 1986 to 1997.

Mr. Gebhart earned a B.S. degree from Cornell University and an M.B.A. from the Colgate Darden Graduate School of Business at the University of Virginia.


Kevin McGinn has served as our Senior Vice President, National Waste since the company’s inception in 2004.

Mr. McGinn began his career in 1992 as a credit analyst with the Chicago office of Financial Federal Credit Inc. and was relocated to Charlotte, North Carolina in 1994, where he acted as operations manager for the Southeast construction and transportation equipment financing division and the nationwide waste service equipment financing division.

He was later promoted by Financial Federal to manage their entire waste division. Mr. McGinn earned a B.S. degree from the University of Iowa and an M.B.A. from Queens University.


Donald Pokorny has served as our Senior Vice President, Midwest since 2005.

Mr. Pokorny began his career in equipment finance with Orix Credit Alliance Inc. in 1984 and held various positions there. In 1994, Mr. Pokorny joined Financial Federal Credit Inc. as Vice President of Credit and Operations of the Chicago Business Center and was later given the responsibility of starting and managing their large-ticket syndication group, as well as developing their internet business.

 Mr. Pokorny earned a B.S. degree from Northern Illinois University, an 

  
Senior Vice President, National Waste

Donald Pokorny 53
Senior Vice President, Midwest

Angelo Garubo 54
Senior Vice President and Corporate Secretary

Robert Qulia 59    
Vice President and General Counsel

Rebecca Sabo 49
 Vice President and Chief Accounting Officer

Mark Lempko 54
 Senior Vice President, Northeast U.S. and Canada

Paul Bottiglio 42
    
Treasurer W. Bradford Armstrong(1)(2) 34
    
Director John Cochran II(2)(3) 43
    
Director John Fruehwirth(1)(3) 47
    
Director Steven Groth(1)(2)(3)  62
  
  
Director

M.B.A. from the University of Missouri, and a Master’s Degree from Keller Graduate School of Management. Mr. Pokorny is a certified public accountant licensed in Illinois.

Angelo Garubo has served as our Senior Vice President and Corporate Secretary since 2013. Prior to joining the company, Mr. Garubo was a partner with the law firm of Romano, Garubo & Argentieri LLC, and served as General Counsel to Financial Federal Corporation, a publicly-held, nationwide asset based leasing and finance company, from 2000 through 2010. Mr. Garubo earned a B.A. degree from George Washington University and a J.D., magna cum laude, from California Western School of Law.

Rebecca Sabo has served as our Vice President and Chief Accounting Officer since the inception of the company in 2004. Ms. Sabo began her career in equipment finance and leasing in 1990 with Integral Truck Leasing, which at that time was a wholly-owned subsidiary of Volvo Trucks Corporation. In 1995, she joined Volvo Commercial Finance and held various management roles within their finance department; her responsibilities included managing accounting, financial reporting, expense planning, financial systems, accounts payable, cash application, cash management, and payroll for a $2.5 billion portfolio. Ms. Sabo earned a B.S. degree from Western Carolina University and a certificate in accounting from Guilford College. Ms. Sabo is a certified public accountant licensed in North Carolina.

Mark Lempko has served as our Senior Vice President, Northeast U.S. and Canada since 2012. Mr. Lempko started his career in the equipment finance industry in 1987 with Fleet Credit Corporation serving as the Regional Sales Manager for the upstate New York region. In 1995, Mr. Lempko joined HSBC Equipment Finance and advanced to the position of National Sales Manager in 1998. With the sale of the HSBC platform to Alter Moneta in 2003, Mr. Lempko assumed the role of National Sales Manager. In 2005, he was promoted to General Manager of the U.S. and English speaking Canadian divisions. Mr. Lempko earned a B.A. degree from Siena College.

Paul Bottiglio has served as our Treasurer since 2012. Prior to that, he served as our Assistant Treasurer from 2009 to 2012 and our Senior Financial Analyst Assistant from 2008 to 2009. Prior to joining the company, Mr. Bottiglio was the Operations Manager with NIRCM, a boutique CDO investment manager from 2006 to 2008. Prior to that, Mr. Bottiglio was an Accounting Manager with State Street Corporation responsible for the daily pricing of a group of mutual funds. Mr. Bottiglio earned a B.A. degree from Concord University and is presently a candidate for an Executive M.B.A. degree at Queens University of Charlotte.

Robert Qulia has served as our Vice President and General Counsel since 2007. Mr. Qulia previously served as a confidential law clerk to two U.S. bankruptcy judges, and was engaged in private practice of law in New York. Mr. Qulia also served as associate counsel with KeyBank prior to joining CCG. Mr. Qulia earned a B.A. degree from SUNY Fredonia and a J.D. from Quinnipiac University School of Law.

W. Bradford Armstrong has served as our director since 2012. Mr. Armstrong joined the Philadelphia office of Lovell Minnick Partners in 2009. Prior to that, Mr. Armstrong was part of the Financial Institutions Group at Bank of America Merrill Lynch, where he focused on M&A and capital raising transactions for investment banking clients. Previously, Mr. Armstrong was an Assistant Vice President in Bank of America’s Finance Group.

 Mr. Armstrong began his career in a strategic advisory group within Wachovia Corporation. Mr. Armstrong previously served on the board of First Allied Holdings, and has held board observer roles at several Lovell Minnick portfolio companies. Mr. Armstrong received his B.S. degree in Business Administration from the University of North Carolina at Chapel Hill and his M.B.A. from the Kellogg School of Management at Northwestern University.

John Cochran II has served as our director since 2012. Mr. Cochran is a Managing Director and a member of the Investment Committee of Lovell Minnick Partners LLC, a private equity firm focused on the financial services industry. Mr. Cochran joined Lovell Minnick in 2008. Prior to that, he was a private equity professional with SV

75
Investment Partners and J.W. Childs Associates and also worked at Salomon Brothers Inc in the Mergers and Acquisitions group. Mr. Cochran has served on the boards of ALPS Holdings, Inc., Mercer Advisors, Inc. and PlanMember Financial Corporation and currently serves on the board of Seaside National Bank & Trust. Mr. Cochran received a B.A. degree from the University of California, Los Angeles and an M.B.A. and M.M.S.E. from Stanford University.

John Fruehwirth has served as our director since 2012. Mr. Fruehwirth is a founding member and Managing Partner of Rotunda Capital Partners. Prior to that, he was the Deputy Head of Private Finance at Allied Capital Corporation. Mr. Fruehwirth served on the Management, Investment and Portfolio Management committees and was Co-Head of Allied Capital’s Operating Committee. Prior to joining Allied Capital, he worked at Wachovia Capital Partners and at Conoco, Inc. Mr. Fruehwirth has served on the boards of Financial Pacific Holdings, Direct Capital Corporation and Callidus Capital. Mr. Fruehwirth received a B.B.A. degree from the University of Wisconsin–Madison and an M.B.A. degree from the Colgate Darden Graduate School of Business at the University of Virginia.

Steven Groth has served as our director since 2014. Mr. Groth is an investment consultant who advises and executes financial planning and product decisions. Mr. Groth served as Senior Vice President and Chief Financial Officer of Financial Federal Corporation from 2000 to 2010. Prior to that, Mr. Groth was Senior Banker and Managing Director of Specialty Finance and Transportation with Fleet Bank from 1997 to 2000. From 1985 to 1996, Mr. Groth held several positions, including Division Head, with Fleet Bank and its predecessor, NatWest Bank. Mr. Groth is a Chartered Financial Analyst (CFA). Mr. Groth served as Vice-Chairman of the Equipment Leasing Association Foundation Board. Mr. Groth earned a B.A. degree from Quinnipiac University and an M.B.A. from Pace University.


Board composition
Our board of directors currently consists of five directors, all of whom were elected as directors according to our Stockholders Agreement, pursuant to which Lovell Minnick Partners has the right to designate four directors. The Stockholders Agreement, including the provisions regarding the right of our stockholders to nominate and elect members of the board, will terminate upon the completion of this offering. The term of office for each director will be until his or her successor is elected at our annual meeting or his or her death, resignation or removal, whichever is earliest to occur.

Director independence
Our board of directors has determined that all directors except Mr. McDonough are “independent” as such term is defined by the NYSE, corporate governance standards and the federal securities laws.

Committees of the board of directors
We expect that, immediately following this offering, the standing committees of our board of directors will consist of an Audit Committee, a Compensation Committee and a Corporate Governance and Nominating Committee. Each of the committees will report to the board of directors as they deem appropriate and as the board may request. The expected composition, duties and responsibilities of these committees are set forth below.

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...

Signatures
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Charlotte, State of North Carolina, on March 19, 2015.



COMMERCIAL CREDIT, INC.





By:

/s/ Daniel McDonough
Name:

Daniel McDonough
Title:

President and Chief Executive Officer
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Angelo Garubo and Roger Gebhart and each of them, as his true and lawful attorney in fact and agent with full power of substitution, for him in any and all capacities, to sign any and all amendments to this registration statement (including post effective amendments or any abbreviated registration statement and any amendments thereto filed pursuant to Rule 462(b) increasing the number of securities for which registration is sought), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney in fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney in fact and agent, or his substitute, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities held on March 19, 2015.




Name
  
Position


/s/ Daniel McDonough
Daniel McDonough
  
President and Chief Executive Officer (Principal Executive Officer)


/s/ Roger Gebhart
Roger Gebhart
  
Senior Vice President and Chief Financial Officer (Principal Financial Officer)


/s/ Rebecca Sabo
Rebecca Sabo
  
Vice President and Chief Accounting Officer (Principal Accounting Officer)


/s/ W. Bradford Armstrong
W. Bradford Armstrong
  
Director


/s/ John Cochran II
John Cochran II
  
Director


/s/ John Fruehwirth
John Fruehwirth
  
Director


/s/ Steven Groth
Steven Groth
  
Director
 

Table of Contents
Exhibit index




Exhibit
number
  
Description of exhibits


  1.1 Form of Underwriting Agreement*


  3.1 Amended and Restated Certificate of Incorporation of Commercial Credit, Inc.


  3.2 Bylaws of Commercial Credit, Inc.


  4.1 Form of Common Stock Certificate*


  5.1 Opinion of Mayer Brown LLP*


10.1 Indenture, dated as of May 14, 2014, between CCG Receivables Trust 2014-1 and U.S. Bank National Association


10.2 Purchase Agreement, dated as of May 14, 2014, by and between Commercial Credit Group Inc. and CCG Receivables IV, LLC


10.3 Sale and Servicing Agreement, dated as of May 14, 2014, by and among CCG Receivables IV, LLC, CCG Receivables Trust 2014-1, Commercial Credit Group Inc., Portfolio Financial Servicing Company and U.S. Bank National Association


10.4 Credit Agreement, dated as of January 8, 2014, among Commercial Credit Group Inc., the Guarantors from time to time party thereto, the Lenders from time to time party thereto and BMO Harris Bank N.A.


10.5 Security Agreement, dated as of January 8, 2014, by and among Commercial Credit Group Inc. and BMO Harris Bank N.A.


10.6 Loan and Administration Agreement, dated as of January 8, 2014, by and among CCG Receivables VI, LLC, Commercial Credit Group Inc., Portfolio Financial Servicing Company, Jupiter Securitization Company LLC and JPMorgan Chase Bank, N.A.


10.7 First Amendment to Loan and Administration Agreement, dated as of December 12, 2014, by and among CCG Receivables VI, LLC, Commercial Credit Group Inc., Portfolio Financial Servicing Company, Jupiter Securitization Company LLC and JPMorgan Chase, N.A.


10.8 Second Amendment to Loan and Administration Agreement, dated as of December 23, 2014, by and among CCG Receivables VI, LLC, Commercial Credit Group Inc., Portfolio Financial Servicing Company, Jupiter Securitization Company LLC and JPMorgan Chase, N.A.


10.9 Sale Agreement, dated as of January 8, 2014, by and between Commercial Credit Group Inc. and CCG Receivables VI, LLC


10.10 Indenture, dated as of April 24, 2013, between CCG Receivables Trust 2013-1 and U.S. Bank National Association


10.11 Purchase Agreement, dated as of April 24, 2013, by and between Commercial Credit Group Inc. and CCG Receivables IV, LLC


10.12 Sale and Servicing Agreement, dated as of April 24, 2013, by and among CCG Receivables IV, LLC, CCG Receivables Trust 2013-1, Commercial Credit Group Inc., Portfolio Financial Servicing Company and U.S. Bank National Association


10.13 Commercial Credit Group Inc. 2012 Equity Incentive Plan, dated November 7, 2012


10.14 Indenture, dated as of February 15, 2012, between CCG Receivables Trust 2012-1 and U.S. Bank National Association

Table of Contents



Exhibit
number Description of exhibits


10.15 Purchase Agreement, dated as of February 15, 2012, by and between Commercial Credit Group Inc. and CCG Receivables IV, LLC


10.16 Sale and Servicing Agreement, dated as of February 15, 2012, by and among CCG Receivables IV, LLC, CCG Receivables Trust 2012-1, Commercial Credit Group Inc., Portfolio Financial Servicing Company and U.S. Bank National Association

10.17 Loan and Administration Agreement, dated as of June 13, 2011, by and among CCG Receivables V, LLC, Commercial Credit Group Inc., Portfolio Financial Servicing Company, Fairway Finance Company, LLC, BMO Capital Markets Corp. and the other Lenders and Administrators from time to time parties thereto

10.18 Sale Agreement, dated as of June 13, 2011, by and between Commercial Credit Group Inc. and CCG Receivables V, LLC

10.19 Amended and Restated Loan and Administration Agreement, dated as of December 31, 2014, by and among CCG Receivables III, LLC, Commercial Credit Group Inc., Portfolio Servicing Company, SunTrust Bank, SunTrust Robinson Humphrey, Inc. and the other Lenders and Administrators from time to time parties thereto.

10.20 Sale Agreement, dated as of March 31, 2010, by and between Commercial Credit Group Inc. and CCG Receivables III, LLC

10.21 Loan and Administration Agreement, dated as of February 23, 2015, by and among CCG Receivables VII, LLC, CCG Canada Funding 2 LP, Commercial Credit Group Inc., CCG Equipment Finance Limited, Portfolio Financial Servicing Company, Wells Fargo Bank, National Association and the other Lenders and Administrators from time to time parties thereto.

10.22 Sale Agreement, dated as of February 23, 2015, by and between Commercial Credit Group Inc. and CCG Receivables VII, LLC.

10.23 Canadian Sale Agreement, dated as of February 23, 2015, by and between CCG Equipment Finance Limited and CCG Canada Funding 2 LP, by its general partner 1020973 B.C. Ltd.

10.24 Form of Employment Agreement

16.1 Letter from Grant Thornton LLP, dated March 18, 2015

21.1 Subsidiaries of the Registrant

23.1 Consent of KPMG LLP

23.3 Consent of Mayer Brown LLP (included in the opinion to be filed as Exhibit 5.1 hereto)*

24.1 Power of Attorney (see signature pages)

*To be filed by amendment.
https://www.sec.gov/Archives/edgar/data/1628331/000119312515098750/d809455ds1.htm
 

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Barclays Chief Executive Staley Fined Over Whistle-Blower Scandal


James E. Staley, the chief executive of Barclays, at Downing Street in London on January. He was fined on Friday over his attempt to unmask a whistle-blower within the bank.
James E. Staley, the chief executive of Barclays, at Downing Street in London on January. He was fined on Friday over his attempt to unmask a whistle-blower within the bank.Credit...Tolga Akmen/Agence France-Presse — Getty Images
By Kate Kelly
April 20, 2018
British bank regulators on Friday fined James E. Staley, the chief executive of Barclays, over his attempt to unmask a whistle-blower within the bank.

The bank, however, said it would continue to stand by its top executive, who has been tasked with bringing stability to the three-centuries-old institution after years of management turmoil.

Barclays said that two British regulators, the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority, had fined Mr. Staley, though it did not disclose the amount. The regulators also required Barclays to submit reports on parts of its whistle-blowing program, the bank said, though it added that the regulators did not take any action against Barclays itself.

But Barclays said the regulators did not demand that he resign, nor that he acted with a lack of integrity or was not fit to remain the bank’s chief executive.

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“The Barclays board continues to have unanimous confidence in Mr. Staley,” the bank said in a statement.

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The two regulators said in a brief statement that they had concluded their investigations and had issued “draft warning notices in respect to the C.E.O.,” but did not provide further details.

The fine caps an awkward, yearlong chapter for Barclays. Despite its central role in the British economy, it has spent the last decade in almost constant tumult. Regulatory sanctions, a fraud investigation, and lackluster financial results have created a revolving door at the top: When Mr. Staley became chief executive in 2015, he was the bank’s fifth in just seven years. That may in fact have worked in his favor, by making the British authorities wary of causing additional disruption.

Barclays had appeared to cement Mr. Staley’s future at the bank in February, handing him an annual bonus for 2017 of 1.07 million pounds, or about $1.5 million. Though less than the maximum he could have been awarded, the payout raised for Mr. Staley was nevertheless in addition to his annual salary of £2.35 million, and amounted to a vote of confidence in the executive. The annual salary is paid in cash and in shares.

The whistle-blower investigation stemmed from Mr. Staley’s attempts in 2016 to learn the identity of a person who had penned anonymous letters to Barclays officials protesting a senior hire. The letters claimed that the new employee, an investment banker, had behaved erratically in a previous job at JPMorgan, according to people who were briefed on the documents, and suggested that made him unfit to work for Barclays.

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Barclays stood by its hiring. But Mr. Staley, who described the letters as a malicious smear attempt, could not let the matter go.

Hoping to stop what he described in a note to employees as “harassment,” Mr. Staley asked executives whether he could try to identify the letter writer, said a person who was briefed on the matter at the time. He was warned off initially, according to a statement from the bank.

After an internal reassessment of the hiring was completed, however, Mr. Staley directed Barclays’s internal security team to try to find the writer, the bank’s statement said. . Their efforts failed.

Then, early in 2017, an employee complained to the Barclays board about its whistle-blowing procedures, pointing out Mr. Staley’s reaction to the anonymous letter writer the prior summer. Barclays hired an outside law firm to investigate the episode, and the firm concluded that Mr. Staley had “honestly, but mistakenly” believed his unmasking attempt to be appropriate, according to the bank’s statement at the time.

The authorities were notified, and, months later, the Financial Conduct Authority and the Prudential Regulation Authority began their own inquiries.

Follow Kate Kelly on Twitter: @katekelly.

A version of this article appears in print on April 21, 2018, Section B, Page 3 of the New York edition with the headline: British Regulators Fine Barclays Chief Over Whistle-Blower Scandal. Order Reprints | Today’s Paper | Subscribe

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UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 87132 / September 27, 2019
ADMINISTRATIVE PROCEEDING
File No. 3-19537
In the Matter of
BARCLAYS PLC
Respondent.
ORDER INSTITUTING CEASE-AND-DESIST PROCEEDINGS PURSUANT TO SECTION 21C OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING A CEASE-AND-DESIST ORDER
I
The Securities and Exchange Commission (“Commission”) deems it appropriate that cease-and-desist proceedings be, and hereby are, instituted pursuant to Section 21C of the Securities Exchange Act of 1934 (“Exchange Act”), against Barclays PLC (“Barclays” or “Respondent”).
II
In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (“Offer”), which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission’s jurisdiction over it and the subject matter of these proceedings, which are admitted, Barclays consents to the entry of this Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order (“Order”), as set forth below.
III
On the basis of this Order and Respondent’s Offer, the Commission finds1 that:
1 The findings herein are made pursuant to Respondent’s Offer of Settlement and are not binding on any other person or entity in this or any other proceeding.
2
Summary
1. These proceedings arise out of Respondent’s violations of the books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act of 1977 (“FCPA”) [15 U.S.C. § 78m].
2. As described belowbeginning in at least 2009 and continuing until approximately August 2013, businesses within Barclays Asia Pacific Region (“APAC”) provided valuable employment to the relatives and friends of government officials and executives of Barclays’ non-government clients in the form of work experience, internships, and permanent positions. At least some of the offers of employment were extended as a personal benefit to those officials and executives with the expectation that the bank would obtain or retain investment banking business.
3. Between April 2009 and August 2013, Barclays hired approximately 117 job candidates referred by or connected to foreign government officials or non-government clients. Most of these candidates were hired through an unofficial internship program called the “work experience program,” but some were hired into Barclays’ formal internship program, its graduate program or in permanent positions.
4. Barclays failed to devise and maintain a system of internal accounting controls around its hiring practices sufficient to provide reasonable assurances that its employees were not using employment as an improper inducement in violation of company policy and the FCPA. In addition, in connection with certain of these hires, Barclays APAC employees falsified corporate records in order to conceal the true identity of the person or entity requesting that a candidate be hired and the reasons for the hire.
Respondent
5. Barclays PLC (“Barclays”) is a bank holding company, headquartered iin London, United Kingdom. Through its subsidiaries, Barclays provides various financial services, including investment banking, wealth management, and the sale and offer of securities. Barclays has registered its American Depository Receipts with the Commission pursuant to Section 12(b) of the Exchange Act, and its American Depository Receipts trade on the New York Stock Exchange under the ticker symbol “BCS.” Barclays has a reporting obligation to file periodic reports with the Commission pursuant to Section 13(a) or 15(d) of the Exchange Act. Barclays and its subsidiaries are collectively referred to as the Barclays Group.
Other Relevant Entities
6. Barclays Bank PLC (“BBPLC”) is a global bank and one of the principal subsidiaries of Barclays. BBPLC implements Barclays Group policies and procedures through its global directives applicable to the business units operating within BBPLC’s subsidiaries.
7. Barclays Asia Pacific Region includes wholly-owned subsidiaries of BBPLC in the Asia Pacific Region. Most of the employees engaged in the improper hiring practices discussed herein were employees in the Asia Pacific Region.
3
Facts
The Origins of Barclays’ Relationship Hiring Program in the Asia Pacific Region
8. Although Barclays promulgated anti-bribery and corruption policies that included prohibitions on providing employment in exchange for business, between 2009 and 2013, it failed to effectively train APAC employees or monitor their compliance with those policies. APAC bankers and compliance personnel lacked familiarity with and understanding of Barclays’ anti-bribery and corruption policies, particularly as those policies related to hiring.
9. For example, an APAC senior executive claimed he did not know that offers of employment were items of value or that such offers could not be used to obtain business. One banker who worked at Barclays business units in both Korea and Hong Kong from June 2005 to March 2017 said he was not aware of the FCPA until 2013. Other bankers said they were not aware that Barclays included internships and offers of employment within the definition of “anything of value.” When shown Barclays policy on anti-bribery and corruption, one banker said he had never seen it before. Similarly, a senior regional compliance executive said that he never read the 2009 anti-bribery and corruption policy, which required pre-approval by compliance before Barclays could offer internships to public officials or their close family members, and he also stated that it was not until 2012 that he understood that an internship was considered an item of value for compliance purposes.
10. In April 2009, a senior executive in APAC approved an “unofficial intern” program for Barclays Korea that was separate from Barclays’ formal internship program. The stated purpose of the program was to provide work experience opportunities for Korean college students and “on occasion to provide positions for ‘relationship’ requests for qualified students.” Approximately half of the candidates in this program between 2009-2013 had a connection to a Barclays client. A senior banker in Korea responsible for the program stated that, in his view, the key factor behind relationship hiring decisions was what business the client could deliver to the bank. The senior banker also stated that relationship hiring decisions were made based on whether the client was important, whether the hire would enhance the business relationship, and whether hiring the candidate would “open doors” or otherwise help the bank win business. This practice began with Korea and later extended to other countries within APAC.
11. In April 2009, a banker in Seoul proposed to senior bankers that Barclays Korea offer an internship to the son of a key decisionmaker, a foreign official at a Korean state-owned entity, at the same time Barclays Korea was attempting to obtain a mandate as lead manager for the state-owned entity’s bond offering. The banker outlined the arrangement to the senior bankers, stating that “before we give [the son] the final offer, we would need to meet his father to confirm our business.” Even though Barclays’ policy prohibited offering employment to obtain business, a senior executive approved the hire. Shortly after Barclays hired the intern, it obtained a mandate from the state-owned entity to act as the joint lead manager in a $1 billion bond issuance, for which it earned approximately $971,000 in fees.
12. Similarly, in May 2009, Barclays Korea sought approval from a senior executive in APAC to hire a candidate for a permanent position. The request to Barclays came from a foreign official who was an executive director of a Korean state-owned entity, making the request on behalf of a friend. A senior banker at Barclays Korea explained to the senior executive that even though another candidate “did much better” in interviews, it was important to hire the applicant referred by the state-owned entity in order to avoid potentially losing that
4
client’s business. The senior executive approved the hire without the review and preapproval by compliance that was required under Barclays’ policy. During June 2009, Barclays also hired an intern requested by another foreign official at the same Korean state-owned entity. In late June 2009, Barclays obtained a mandate from the entity for a $1.5 billion bond deal, for which it earned approximately $1.15 million in fees.
13. By no later than June 2009, APAC compliance officers were aware of the practice of hiring interns, including the relatives and friends of clients. To the extent compliance officers reviewed relationship hiring requests, their review was generally limited to potential conflicts of interest, despite an April 2009 Barclays policy that expressly addressed anti-corruption risks related to these hiring decisions. APAC compliance officers stated that they were unaware of this aspect of the policy, and a senior APAC compliance executive said that he had never read the 2009 anti-bribery and corruption policy. In fact, a senior compliance officer responsible for reviewing referral hires, acknowledged that, in evaluating hiring requests, he never reviewed information relating to pending business with Barclays’ clients even though he had access to that information. Moreover, even though Barclays’ policy required “compliance monitoring” in the hiring process, the same compliance officer could not explain what that requirement was or how it was conducted.
14. Relationship hires in the region were, at times, made without consulting the compliance department. In some instances, when compliance was consulted, employees withheld information or falsified documents to conceal the identity of the person or entity requesting the hire. At other times, compliance approved hires even in circumstances where employees candidly identified that the justification for the relationship hire was the potential for future business.
15. In September 2010, APAC bankers sought approval to hire through Barclays’ graduate program the daughter of a government official who was the senior executive of a Chinese state-owned enterprise. Although the daughter performed poorly during the interview process, receiving a “do not hire” recommendation, the relationship banker pushed for her hire anyway: “From a business perspective, I am confident that her relationship will bring tangible business to us, particularly in [mergers and acquisitions] and Hong Kong IPOs in the near term.”
16. Compliance knew about the possibility of a future transaction with the state-owned enterprise and that the banker anticipated hiring the daughter would help Barclays win business going forward. When the local compliance officer escalated the issue to a senior compliance officer, highlighting the comment about winning business based on the daughter’s connections, the senior compliance office responded: “I’m sure this is not the first time.” He then approved the offer, as long as the business would confirm that she would be hired for “her qualifications and her skills, not for any other reason.” There is no evidence the business unit provided such a confirmation. Nevertheless, Barclays APAC offered the executive’s daughter a position in its graduate program.
Barclays’ Relationship Hiring Practices in the Asia Pacific Region from 2011 to 2013
17. From 2011 through mid-2013 Barclays APAC continued its practice of relationship hiring based on requests by foreign government officials and non-government clients.
5
18. In May 2011, APAC adopted the “work experience program,” which set forth certain procedures in an attempt to manage relationship hires. The program set limits on the number of candidates for each jurisdiction, and it later evolved to require compliance approval for any candidates referred by a government official or non-government client. The business unit seeking authority to offer employment through the work experience program was required to disclose on a candidate application form whether the candidate had been referred for hiring by a client and to explain the business rationale for the hire.
19. Despite implementation of the work experience program’s additional controls and procedures, APAC personnel continued to make relationship hires in violation of Barclays’ anti-bribery and corruption policies. The work experience program did not address all relationship hires. In one example, in September 2011, the daughter of a senior executive of an important private client of Barclays was hired into the graduate program even though she did not graduate from a college or university and had applied after the program had closed.
20. Even when the work experience program procedures did apply, they were sometimes ignored. For example, in September 2011 an APAC banker based in Hong Kong told senior bankers that a senior executive at a private Korean bank would guarantee business for Barclays if he could find the executive’s daughter a job: “As a quid pro quo, he would guarantee our next business….”
21. A senior banker in Korea then falsified the daughter’s candidate approval application, concealing the connection between the hire and the senior executive by falsely identifying the candidate as an acquaintance of a banker at Barclays rather than as the daughter of a client. In October 2011, APAC offered the senior executive’s daughter a position in the work experience program. In December 2011, Barclays priced US$500 million of senior bonds for the private Korean bank. Barclays received just over $300,000 in fees for the transaction.
22. Even with compliance review, in 2011 and 2012, APAC continued to hire candidates connected to government officials at state-owned entities or to executives of non-government clients where business was either pending or being sought. For example, in early 2012, Barclays was asked by an executive of a state-owned entity to hire the daughter of a close friend who was a government official at a regulatory agency overseeing the state-owned entity making the referral. The hire was made even though compliance knew the bank was competing for a $2 billion bond issuance. Shortly thereafter, the state-owned entity engaged Barclays in the bond deal. Barclays booked just over $300,000 in fees related to the offering.
23. In March 2012, Barclays revised its internal policies regarding referral hires to require an attestation that the hire was not being made for the purpose of obtaining or retaining business, and APAC integrated the attestations into its procedures for work experience hires. However, with the exception of one rejected candidate in May 2012, the new requirement had little impact on the approval of relationship hires in APAC. Bankers sometimes provided inaccurate attestations, and even where a disclosure was accurate, compliance approved the hires despite pending or potential business.
24. For example, in April 2012, a relationship banker justified the proposed work experience program hire of the daughter of a non-government client CEO based at least in part on the company’s plans to do an IPO, noting internally that it was “a very important case to accommodate.” While attesting that he was not making the hiring request to obtain business, the banker failed to disclose to compliance the potential IPO. Similarly, in May 2012, Barclays
6
hired an intern requested by a government official at a state-owned enterprise. The required attestation was made but it also listed “client relationship” as the business rationale for the hire. Compliance approved the hire.
25. Despite the longstanding Barclays policy prohibiting hires made to obtain or retain business, in June 2012, a presentation circulated widely within the region’s investment banking division identified “Strategic Hiring” as one component of an action plan to “satisfy” clients. Under the heading of “Strategic Hiring,” the presentation listed instances in which other banks had hired the children of government officials. Even though the presentation was distributed to high levels within the region, no one objected to or reported the proposed initiative as a potential breach of Barclays’ policy or the FCPA. Two senior executives said that the Strategic Hiring presentation was problematic.
26. Shortly thereafter, on July 3, 2012, Barclays updated its policy guidance to reiterate a “zero tolerance” policy regarding bribery and reaffirming that the policy applied to all business dealings with state-owned entities as well as private clients. The policy emphasized that the prohibition on offering anything of value to a public official in order to obtain business included offers of employment to family members or associates.
27. The new policy had little impact on hiring practices within APAC. In July 2012, an APAC banker requested an internship for the son of a non-government client bank executive. The executive was the deputy general manager at the client bank who managed a U.S. dollar position over $6 billion and was a “key relationship.” The APAC banker explained that arranging a work experience internship for the client’s son would be “taken as a huge favour which he will seek to return.” The request was approved by senior bankers. Records of the hire reflect no consultation with the compliance department.
28. In November 2012, a foreign official who was the treasurer of a state-owned entity requested help arranging an internship in the formal summer program for the relative of a non-executive director and party official. The candidate had applied late, and one APAC banker had rejected his application. Another APAC banker forwarded the request to the regional Chief Operating Officer’s office, to the office of human resources, and to other bankers, explaining that the candidate’s father held an “important” post and noting: “Business case-wise, we are pursuing a jumbo-sized bond offering opportunity in 2013.” One of the senior bankers replied to all of the recipients: “We will evaluate [the candidate] on his own merits.” Three minutes later, that same senior banker emailed the APAC banker: “I had to say that.” The APAC banker replied: “[T]his boy has connections. Think [competitor] will be more than happy to offer an internship to someone like this.”
29. Even though the candidate’s application arrived after the deadline, an APAC employee in the COO’s office spoke with him by phone and then included him on the list for the final round of interviews. The candidate performed poorly. The interviewers did not support his application and reported that he “was a mediocre candidate and technically not strong.” Nevertheless, after other candidates declined Barclays’ offers, on February 20, 2013, Barclays offered the candidate a position in the formal campus recruitment program, which he immediately accepted. There is no evidence that the senior bankers sought compliance review, despite the January 2013 issuance of guidance that prohibited offering employment to a family member or person connected to a government official unless approved by Barclays Financial Crime Compliance.

30. On March 25, 2013, a senior banker at Barclays learned that the bank had been downgraded to second tier consideration in the competition for the above-referenced “jumbo bond offering.” The senior banker instructed another banker to contact the state-owned entity’s treasurer who had made the November 2012 hiring request on behalf of the executive: “Please remind [him] about our intern slot.” The senior banker also gave instructions to “put loads of pressure on [the treasurer] to get us into this deal. We have been covering their team extremely closely, have hired this intern and I fully expect they should be able to find a spot for us given there will be a large line up of banks.”
31. In July 2013, the state-owned entity selected Barclays to be the lead arranger on a $3 billion bond deal. Barclays booked approximately $332,700 in revenue for the project.
32. In January 2013, Barclays’ global compliance department increased its scrutiny of relationship hiring. On January 30, 2013, Barclays issued a global compliance alert entitled “Guidance on Employee Referrals” that applied to all recruiting programs, including full or part-time work, internships, work shadowing and other work experience programs. Consistent with the existing policy, the guidance reaffirmed that employees were prohibited from hiring client relationship candidates in connection with obtaining or retaining business from anyone, whether the client was a private client or government entity. The policy also emphasized that all candidates must follow the “standard and independent merit based recruitment process.”
33. The January 30, 2013 guidance directed that employees should not request that a candidate be interviewed or hired because of an expectation that doing so might contribute to obtaining, maintaining, or facilitating business with a client. The guidance also prohibited offering or promising employment to a family member or person connected with a public official unless approved by the bank’s Financial Crime Compliance team.
34. In February 2013, APAC bankers sought to hire the nephew of the CEO of a key private client into the work experience program. An APAC compliance officer consulted with Barclays’ global compliance about the request from the key private client, which led to a review of the work experience program. Barclays’ global compliance agreed that the hiring recommendation had been preordained: “[I]t appears the business contacts made a ‘hiring’ determination and then sent the candidate to HR for processing.”
35. Despite this, the candidate, who had previously been rejected in late 2012 during the merit-based competition for the formal summer intern program, was nevertheless offered a position in March 2013 as part of the formal summer intern program in APAC. Barclays records related to the hire contain no indication that the compliance department was consulted or even made aware of the March 2013 offer, despite the explicit requirement in the January 2013 guidance. In May 2013, Barclays booked over $2.6 million in revenue from the CEO’s business.
36. On March 13, 2013, Barclays Financial Crime Compliance determined that the work experience program should be shut down.
37. On September 30, 2013, in the wake of news reports regarding investigations into relationship hiring practices at other financial institutions in APAC, Barclays further tightened its hiring policy and implemented enhanced controls aimed toward ensuring future hires would be made in compliance with its anti-bribery and corruption policies and applicable law.
38. Since then, Barclays has enhanced its internal controls related to hiring and employment opportunities through a series of policy, governance, and training initiatives. These
8
initiatives include enhancements to the anti-bribery and corruption policy and a specific “Anti-Bribery & Corruption Employment & Work Opportunity Standard,” which sets out the control requirements for hiring practices risk, provides for targeted training, and establishes electronic resources to communicate the new policies, processes, and emerging risks. In addition, Barclays introduced regional help desks to streamline the escalation of issues, implemented a system to track anti-bribery and corruption-related requests, and adopted independent testing and assurance initiatives. Legal Standards and Violations
39. Under Exchange Act Section 21C(a), the Commission may impose a cease-and-desist order upon any person who is violating, has violated, or is about to violate any provision of the Exchange Act or any regulation thereunder, and upon any other person that is, was, or would be a cause of the violation, due to an act or omission the person knew or should have known would contribute to such violation.
40. As a result of the conduct described above, Barclays violated the books and records provisions of the FCPA in connection with its relationship hiring practices in APAC. Under Exchange Act Section 13(b)(2)(A), Barclays was required to make and keep books, records, and accounts, which in reasonable detail, accurately and fairly reflected the transactions and dispositions of assets. Barclays’s internal controls required that its employees submit accurate candidate questionnaires and attestation forms in order to screen proposed work experience program hires for compliance with Barclays policies and the FCPA. Contrary to that requirement, certain Barclays personnel submitted, reviewed, and approved inaccurate compliance questionnaires and attestation forms containing inaccurate information that failed to disclose the true source of candidates referred for hire and the intended purpose of making certain relationship hires. [15 U.S.C. § 78m(b)(2)(A)].
41. As a result of the conduct described above, Barclays’ relationship hiring practices in APAC violated Exchange Act Section 13(b)(2)(B) which requires issuers to devise and maintain a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary (I) to permit preparation of financial statements in conformity with generally accepted accounting principles or any other criteria applicable to such statements, and (II) to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
42. Even though Barclays recognized the corruption risks of relationship hiring and had policies prohibiting its employees from using offers of employment to obtain business or gain a business advantage, it failed to devise and maintain a sufficient system of internal accounting controls to provide reasonable assurances that its employees did not engage in unauthorized transactions in contravention of corporate policy. Although it promulgated written policies, Barclays failed to implement them adequately.
9
Commission Consideration of Barclays’
Self-Reporting, Cooperation and Remedial Efforts
43. In determining to accept the Offer, the Commission considered Barclays’ self-reporting, cooperation and remedial acts. Barclays voluntarily reported the conduct at issue and, prior to the Commission’s investigation, undertook remedial steps including terminating senior executives and other employees involved in the misconduct, revising its hiring policies and procedures, and enhancing its compliance programs. Barclays’ cooperation included providing facts developed during the course of its own internal investigation, providing focused presentations regarding its hiring practices, and voluntarily producing voluminous records including detailed spreadsheets related to specific hires and key document binders. Barclays also made its employees available for interviews upon request and facilitated the interviews of former employees by the Commission staff, including interviews of certain witness who traveled internationally.
IV
In view of the foregoing, the Commission deems it appropriate to impose the sanctions agreed to in Respondent’s Offer.
Accordingly, it is hereby ORDERED that:
A. Pursuant to Exchange Act Section 21C, Respondent cease and desist from committing or causing any violations and any future violations of Exchange Act Sections 13(b)(2)(A) and 13(b)(2)(B).
B. Respondent shall, within 10 days of the entry of this Order, pay disgorgement of $3,824,686, prejudgment interest of $984,040, and a civil money penalty in the amount of $1,500,000, for a total payment of $6,308,726 to the Securities and Exchange Commission for transfer to the general fund of the United States Treasury, subject to Exchange Act Section 21F(g)(3). If timely payment is not made, additional interest shall accrue pursuant to SEC Rule of Practice 600 and 31 U.S.C. § 3717. Payment must be made in one of the following ways:
(1) Respondent may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request;
(2) Respondent may make direct payment from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm; or
(3) Respondent may pay by certified check, bank cashier’s check, or United States postal money order, made payable to the Securities and Exchange Commission and hand-delivered or mailed to:
Enterprise Services Center
Accounts Receivable Branch
HQ Bldg., Room 181, AMZ-341
6500 South MacArthur Boulevard
Oklahoma City, OK 73169
Payments by check or money order must be accompanied by a cover letter identifying Barclays as Respondent in these proceedings, and the file number of these proceedings. A copy of the cover letter and check or money order must be sent to Charles Cain, Chief, FCPA Unit,
1 0
Division of Enforcement, Securities and Exchange Commission, 100 F Street, N.E., Washington, DC 20549.
C. Amounts ordered to be paid as civil money penalties pursuant to this Order shall be treated as penalties paid to the government for all purposes, including all tax purposes. To preserve the deterrent effect of the civil penalty, Respondent agrees that in any Related Investor Action, it shall not argue that it is entitled to, nor shall it benefit by, offset or reduction of any award of compensatory damages by the amount of any part of Respondent’s payment of a civil penalty in this action ("Penalty Offset"). If the court in any Related Investor Action grants such a Penalty Offset, Respondent agrees that it shall, within 30 days after entry of a final order granting the Penalty Offset, notify the Commission's counsel in this action and pay the amount of the Penalty Offset to the Securities and Exchange Commission. Such a payment shall not be deemed an additional civil penalty and shall not be deemed to change the amount of the civil penalty imposed in this proceeding. For purposes of this paragraph, a "Related Investor Action" means a private damages action brought against Respondent by or on behalf of one or more investors based on substantially the same facts as alleged in the Order instituted by the Commission in this proceeding.
By the Commission.
Vanessa A. Countryman
Secretary

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

Javier Rodríguez Soler
BBVA USA CEO,
BBVA U.S. Country Manager

Javier Rodríguez Soler
Professional Experience and Responsibilities
Javier Rodríguez Soler was named President and CEO of BBVA USA and U.S. country manager for the BBVA Group in January 2019. He is also responsible for BBVA operations in New York and the BBVA Bancomer Houston Agency.

Rodríguez Soler was previously the BBVA Group's global head of Strategy and M&A, where his corporate development functions included setting the strategy at both the Group and country level, giving him extensive exposure to the U.S. His area of responsibility also included the Real Estate and Equity Holdings units. Rodríguez Soler joined the bank in 2008 as a managing director for Corporate & Investment Banking.

Prior to BBVA, Rodríguez Soler was director of Investor Relations and director of Strategy and M&A with Spanish utility Endesa, where he worked for five years. He was also an engagement manager with McKinsey & Company, a global management consulting firm.

Rodríguez Soler is married with two children and lives in Houston.

Professional and Community Activities
Rodríguez Soler has served as a professor at CEU-Universidad Complutense de Madrid.

Education
Rodríguez Soler holds a Master of Business Administration from Columbia Business School in New York and received a degree in Business Administration and Management at CUNEF in Madrid.

Download Rodríguez Soler's bio (PDF) https://www.bbvausa.com/our-story/our-company/leadership/javier-rodriguez-soler.html

Management Team
michael adler
Michael W. Adler
Head of U.S. Corporate & Investment Banking

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rafael bustillo
Rafael Bustillo
Chief Operating Officer

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Ignacio Carnicero
Ignacio Carnicero
Chief Risk Officer

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B Shane Clanton
B. Shane Clanton
General Counsel & Secretary

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José Luis Elechiguerra
José Luis Elechiguerra
Head of Business Development

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Larry Franco
Larry Franco
Retail Banking Network Executive

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Luis de la Fuente
Luis de la Fuente
Chief Audit Executive

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Rosilyn Houston
Rosilyn Houston
Chief Talent & Culture Executive

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Nathaniel Karp
Nathaniel Karp
Chief U.S. Economist

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Kevin McMahon
Kevin McMahon
Head of Engineering

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Celie Niehaus
Celie Niehaus, CRCM
Chief Compliance Officer

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Reymundo Ocañas
Reymundo Ocañas
Director of Communications & Responsible Business

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José “Pepe” Olalla
José "Pepe" Olalla
Head of Strategy & Global Businesses

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Kirk Pressley
Kirk Pressley
Chief Financial Officer

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Board of Directors
william helms
William C. "Bill" Helms
Vice Chairman of the Board,
BBVA USA and BBVA USA Bancshares, Inc.

https://www.bbvausa.com/our-story/our-company/leadership.html

 


 

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