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Onslaught Lives Up to Its Name
The Kabal Systemâs win-laden team has returned home to exalted crowds from its latest victory over Cirbodyn Crusaders in the Colonial Shockball League.
Onslaught currently leads the 1st Tier Outer Rim Conference with a perfect 5-0-0 record and 186 net points of standing while its nearest Conference rival, the Endor Supernovae, are 3-2-0 with -12 net points of standing. With its strong showing since the Shockball leagueâs first season, Onslaught entered its third season as clear favorites after its second-season Superclash win of 27-24 over hosts Calivir Crushers, and numerous individual team awards.
Fighter craft zoomed overhead as the team embarked on a 5km open-air speeder ride towards their home Stadium, the âResortâ, where the main celebrations, and a concert, will take place. The team was greeted by capacity-sized crowds at the starport where their ship landed, as team captain Saitam Oralev and owner/player Kabal Shryke led the team down the ramp of vessel.
The teamâs arrival in its home system coincided with the groundbreaking ceremonies of Onslaughtâs newest Shockball stadium, due to be complete on galactic-standard day 258, though completion of the full facility grounds surrounding the stadium will continue to progress for several months before opening to play.
Along with a brand new stadium, the Onslaught franchise has announced plans to release a merchandising campaign for its fans across the Outer Rim. Onslaughtâs marketing director Yasira Shran has announced plans for apparel, posters, and products such as cologne based on Onslaught Winger Drexel Skorzeka.
Hoping to continue its strong showing, Onslaught still faces 8 matches, including a week-12 match against Core Worlds Conference Leader Corulus Guardians who also leader their Conference at 5-0-0 record with a standing of 293 points.
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Images and Writing by: Fenn Drayon. Image Credit: Jando. Brought to you by Kiffex Wireless and the Kabal Sports News Network.
New Owners Reopen InterGalactic Banking Clan
Newscaster: The controversy over the closure of the InterGalactic Banking Clan continues. There are unconfirmed reports of a hostile takeover of IGBC's inactive holding company. A press conference is about to begin, held by a scarcely known businessman named Baz Yen.
A Nimbanel in business attire approaches a microphone on a podium, and addresses a packed room of reporters:
I'm pleased to announce that today the InterGalactic Banking Clan has reopened as a private company under new ownership.
After the Krath Dynasty surrendered IGBC's bank license and closed the bank, I felt appalled. That closure seemed like a disservice to the business community. Entrepreneurs can suffer if they lack access to credit.
IGBC has too much history and was too good to let disappear. Therefore, my business group has acquired the IGBC franchise and reopened the bank.
Initially, IGBC will operate as a private company. We aim to get a license from regulators to turn it into a public company in the near future.
IGBC's emphasis will be on investment banking. Our foundation will be the bond market.
We will sell bonds to investors at a 10% monthly interest rate. Bond proceeds will finance investments, especially lucrative real estate developments. We expect to profit mostly from the construction and sale of income facilities.
We also will provide loans at a 10% monthly interest rate. As entrepreneurs ourselves, we want to help other entrepreneurs succeed.
IGBC's previous management set the highest standard in the banking industry. We salute Ellias Aubec and Andric Lucid for their outstanding management prior to the closure.
It's worth remembering that before the Krath owned IGBC, the Trade Federation owned IGBC. Now once again the torch has passed to new owners.
IGBC is now completely unaffiliated to the Krath Dynasty, the Trade Federation, or any other government.
We are bringing the InterGalactic Banking Clan back to its roots as a clan. Other banks are impersonal bureaucracies that treat sentients as mere numbers. At IGBC we will regard all of our investors, borrowers, and bankers as clan members. We will work zealously to help our clan members prosper.
To conclude, the reopened InterGalactic Banking Clan is ready to provide strong returns to investors, and credit to entrepreneurs.
Any questions?
(Republic credits are good here)
Reporter: Is this a hostile takeover of the Krath Dynasty's bank?
Baz Yen: No, the Krath Dynasty has no bank because they dissolved it. Besides, there is no hostility. I've had cordial discussions with the Krath regarding IGBC and they have been gracious.
Reporter: How much capital does this so-called bank have?
Baz Yen: I am personally committing 10 million credits to jumpstart IGBC's loan portfolio. I'm also providing a city slab for our first real estate development. IGBC will raise additional capital from our bond offerings.
Reporter: What bond offering? What makes you think there's a bond market?
Baz Yen: I first sold "Baz Yen Bonds" almost two years ago on Centrepoint Marketplace. That created the galactic bond market, although it's been dormant since. IGBC will sell bonds at a 10% monthly interest rate. The transparency and accountability at Centrepoint Marketplace will enable a strong bond market, compared to certain shady Ponzi schemes that masquerade as investment funds.
Reporter: Is it true that your only banking experience was as a chauffer to then Galactic Bank president Evan Crawford?
Baz Yen: I did transport him once aboard my personal ship on a business trip to retrieve one of his ships. But that was just one task when I worked briefly as director of internal development at Galactic Bank.
Reporter: What kind of government support do you have for this enterprise?
Baz Yen: Again, IGBC has no government or political affiliation. We believe that there are only two sides in this galaxy: the haves and the have nots. We aim to serve the haves who are looking for good investments, and the have nots who need credit.
Reporter: But how can your little private bank compete with the big public Galactic Bank?
Baz Yen: IGBC will compete vigorously. Galactic Bank's top interest rate on its savings accounts is only 3.33% per month. That doesn't let their depositors keep up with inflation. By comparison, IGBC's bonds will pay an interest rate of 10% per month.
Baz Yen: That's it for now, thanks everyone.
Newscaster: Stay tuned for more news.
(InterGalactic Banking Clan's credit chips)
Empire to Purchase Major Financial Institution
KOTHLIS, BOTHAN SPACE (INB) - The headquarters of Galactic Bank of Credit and Commerce is a scene of increased activity this week as Chief Executive Officer of the banking conglomerate, Lord Seele, announced the purchase of GBCC by the Galactic Empire. A deal negotiated between the Imperial Department of Finance and the GBCC will see the central bank absorbed into the Imperial Government and act as a major lender to the Imperial Union.
With the details of the deal remaining undisclosed, reports indicate that the deal was accepted unanimously by the bank's board of directors and is set to place the rumored billions of credits in assets acquired by the carefully expansionist bank, under the control of the Galactic Empire for a private amount. The bank will be absorbed into the Department of Finance, and according to a statement from GBCC, all accounts with non-Imperial Union governments and factions will be closed, and interest will be paid out commensurate to the individual contracts for each account. All proxy held assets will be returned to their respective owners in the coming months, an bank spokesmen assure customers that the deal for absorption with the Galactic Empire does not include account records and transactions, which will in line with GBCCâ??s standing policy on discretion, remain confidential.
During a press conference yesterday, Lord Seele remarked that â??[The] deal with the Empire's Department of Finance will bring the sound financial management and currency stability that the Galactic Bank of Credit and Commerce has brought to many worlds across many sectors into the fold of Imperial government, and further crystallize those practices and achievements within many economical spheres under the guidance and protection of the immeasurable resources of the Department of Finance.â??
Markets across the galaxy reflected the announcement of the GBCC purchase with economists seeing an increase in the value of the Imperial Credit; a currency which already surpasses competing currencies, such as the floundering Nova Crystal or the irregularly-used and barbaric Trophy Ear. â??The resulting end product will be greater consumer and investor confidence,â?? continued Lord Seele, â??marked by further-reaching services and more dynamic products under a single, ubiquitous institution.â??
With this purchase, and the recent folding of the InterGalactic Banking Clan, the Imperial Union is now in sole control of the two largest banks in the galaxy, GBCC and the Hapan-affiliate Galactic Bank. Reports from various entrepreneurs and corporations are indicating hope that this consolidation of economic power might be able to stem the rapid inflation currently affecting the galaxy and playing havoc with many of the smaller regional economies lacking proper tariff and export controls that would lead to a more regulated and stable local economy.
The purchase and absorption of GBCC into the Empire is expected to be completed within the coming month, and those with accounts being closed will be notified individually by the bank representatives to ensure smooth account transitions and/or closures. The headquarters on Kothlis will be closing as workers and supplies are moved to the Department of Financeâ??s headquarters on Coruscant, and a GBCC spokesman informed the media that there are no expectations of downsizing or that employees will be dismissed as a result of the purchase.
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