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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!

December 1, 2023 9:30 am

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 a year ago. Operating expenses surged 91% to $11.64 billion due to the ongoing integration …

“The last time the Fed reported net operating losses was in 1915.”

September 14, 2023 9:28 am

The Fed Is Losing Money And You’re Going To Foot The Bill. According to the Federal Reserve’s quarterly report for Q2, the central bank reported a loss of $57.3 billion through the first half of the year. The Fed is on pace to lose over $100 billion in 2023. Rising interest rates are a big …

“These vulnerabilities will remain for some time.” Fitch Ratings lowered the operating environment score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening & gaps in in the regulatory framework.

August 17, 2023 3:45 pm

by Dismal-Jellyfish https://www.fitchratings.com/research/banks/further-cut-to-us-bank-oper-environment-score-would-require-structural-change-17-08-2023 Fitch Ratings-New York-17 August 2023: Fitch Ratings lowered the operating environment (OE) score for U.S. banks in June to ‘aa-‘ from ‘aa’ mainly due to structural uncertainty around the path and rate of monetary tightening and gaps in in the regulatory framework. The lowering of the OE score did not negatively affect the ratings …

“Hero Michigan State Police Officer Confirms that GBI Strategies Is Operating in Numerous States

August 14, 2023 6:59 pm

“Hero Michigan State Police Officer Confirms that GBI Strategies Is Operating in Numerous States – Michigan AG Nessel Is Forced to Admit the Group Was Caught with 8,000-10,000 Fraudulent Registrations” . https://www.thegatewaypundit.com/2023/08/hero-michigan-state-police-officer-confirms-that-gbi/ “All of these efforts were funded by Democrat campaigns to GBI Strategies. The firm in Muskegon was not only filling in bogus registrations …

Berkshire Hathaway’s operating earnings rise nearly 7%, cash pile approaches $150 billion

August 6, 2023 7:18 am

The Omaha-based conglomerate’s operating earnings totaled $10.043 billion last quarter, 6.6% higher than the figure from the same quarter a year ago. Net income totaled $35.91 billion, compared with a $43.62 billion loss during the second quarter last year. Berkshire’s massive cash pile grew to $147.377 billion at the end of June, near a record …

Chinese Biolab Discovered Operating Near Fresno, California

July 30, 2023 9:54 pm

CDC detects coronavirus, HIV, hepatitis and herpes at unlicensed California lab The CDC found at least 20 potentially infectious agents at the warehouse in Fresno County. Local and federal authorities spent months investigating a warehouse in Fresno County, California, that they suspect was home to an illegal, unlicensed laboratory full of lab mice, medical waste …

Interest On US Debt Of $32.6 Trillions Reaches $970 Billions Annually In Q2 2023. Current Deficit Running At $1.39 Trillions In June 2023. Fed Is Operating At A Loss Of $82.683 Billions

July 28, 2023 9:24 am

by Hephaestus4 Almost $1 trillion in interest payments now, compared to $1 trillion in debt from 1783 to 1981. US INTEREST TO SERVICE NATIONAL DEBT APPROACHES $1T * pic.twitter.com/EMFEWoCAw9 — The_Real_Fly (@The_Real_Fly) July 28, 2023 The fiscal deficit in the US is already at nearly 7% of GDP and only set to get bigger! pic.twitter.com/ui2kpW9OmL …

China Releases Open-Source Desktop Operating System OpenKylin

October 18, 2025 9:15 pmJuly 6, 2023 9:28 pm

by Chris Black It’s really just a matter of time until something replaces Windows. China’s Linux (Android-knock-off) phones are fine. Linux is already used for servers. I don’t see anything preventing it from being a serious home-computing alternative. In fact, those Chromebooks were fine, weren’t they? I never had one, but heard they were fine. …

A property developer who has been operating in crime-ridden Portland for four decades says that he’s pulling out of the city because he has ‘nothing left in the tank’

June 24, 2023 10:15 pm

A property developer who has been operating in crime-ridden Portland for four decades says that he’s pulling out of the city because he has ‘nothing left in the tank’ after recently selling one property for nearly half its listed value. Kevin Howard, 75, told KATU in a recent interview that the property in question had …