How to make $10 million a year in just three years by getting rich overnight
By Jim Tankersley | 12:59 am EDT | Updated 12:58 am EDT As the industry prepares for a new round of mergers and acquisitions, the top executives in the banking industry are taking a more aggressive approach to getting rich faster.
The latest example is the merger of JP Morgan and Wells Fargo.
The Wall Street Journal reported on Tuesday that the banks would merge and merge again.
That would give the bank a whopping $8 billion in cash and stock.
That means that JP Morgan would get $20 billion more in assets, the WSJ reported.
Wells Fargo would get a little less than $3 billion.
JP Morgan is one of the biggest banks in the U.S., and its CEO, Jamie Dimon, is the largest individual shareholder of Wells Fargo, the Journal reported.
But the merger has some significant advantages over its predecessors.
The bank’s merger was announced in January, the same month as the Wells Fargo merger.
The banks merged to help keep their companies competitive.
In order to get a merger deal done quickly, it took more than three years for a bank merger to get off the ground.
The last bank merger was in 2001, with the acquisition of Merrill Lynch by Morgan Stanley.
The deal that JPMorgan got, which is now called J.P. Morgan Chase & Co., would give it $17.5 billion in new equity and another $12 billion in debt.
That was the same size of the bank’s combined assets and liabilities.
The merger also had a few notable advantages: it was cheaper than a merger with another bank, it didn’t require a vote of the board of directors, and the banks could use the money to pay dividends to shareholders.
The cost of the merger was $1.5 trillion, according to JPMorgan.
In its merger announcement, JPMorgan stated that it would use the cash to pay down debt, boost cash flow, and buy back the shares it owns.
But it would also get to keep most of the new stock and could sell off the assets to the banks it merged with.
The next time the banks are in merger talks, expect some of the bankers who helped negotiate the merger to be among the top candidates to join the board.
They are likely to be JP Morgan, Wells Fargo and Morgan Stanley, according the WS, which noted that they will all be named members of the newly formed bank’s board.
In addition to being the largest bank in the world, the banks also control some of its largest banks, including Wells Fargo’s parent, the JPMorgan Chase <d, which makes money through the trading of financial instruments.
It also owns the largest insurance company in the United States.