S&P Global Market Intelligence: UBS is least efficient bank in Europe in Q3 2023. A hefty $785 million loss paired with a 91% surge in operating expenses due to Credit Suisse. Those Credit Suisse bags are HEAVY!

by Dismal-Jellyfish Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/ubs-is-least-efficient-bank-in-europe-in-q3-2023-79149692 The Swiss bank recorded a third-quarter cost-to-income ratio of 99.56%, representing a 10.61-percentage-point increase from the previous quarter. UBS posted a third-quarter net loss attributable to shareholders of $785 million, compared to a $1.73 billion profit booked …

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Biden is staying at billionaire David Rubenstein’s $34 million waterfront Nantucket compound for a third year in a row, the founder of the Carlyle group whose daughter is helping run the Permanent Fund into the ground.

President Joe Biden and first lady Jill Biden arrived on Nantucket Tuesday night for their Thanksgiving break, where they’ll mark the holiday and celebrate the president’s 81st birthday with family. Six of their seven grandchildren are expected to join them …

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Biden’s Brawndo (The Economic Mutilator)! Fed Paid Treasury $76 Billion In 2022, $200 Million Every Day, Bank Willingness To Lend Crashes, Bank Credit Falls For 16th Straight Week, Biden Enacts War Powers To Get Households To Use Inefficent Electric Heat Pumps

by confoundedinterest17 Biden’s terrible economic policies and horrid fiscal managment has put stress on The Federal Reserve. The Federal Reserve paid an estimated $76 billion to the Treasury in 2022 while banks’ willingness to lend has plummeted. First, let’s look at Biden’s and …

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Shell sues Greenpeace for $2.1 million

“Shell sues Greenpeace for $2.1 million after protests in the North Sea Oil giant Shell is suing Greenpeace for $2.1 million after activists boarded a ship transporting a platform to the North Sea in January. “The legal costs to secure …

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