dChan
Anonymous ID: c623f4 Dec. 10, 2020, 7:42 a.m. No.21027   🗄️.is đź”—kun   >>1028 >>1039 >>1049

02-5001 USAFSOC C-32B departed Eglin AFB nw

 

This from yesterday

Israeli AF IAF325 707-3L6C Re'em tanker departed Dover AFB ne

This AC arrived on 1208 at Dover after circling JBA….hmmmmm after departing Tel Aviv on 1207

Anonymous ID: c623f4 Dec. 10, 2020, 8:44 a.m. No.21048   🗄️.is đź”—kun   >>1052 >>1113 >>1155

Bank of England relaxes COVID curbs on bank dividends

 

Britain’s banks can resume paying some dividends and bonuses as lenders appear well capitalised and resilient to fallout from the coronavirus pandemic, the Bank of England said on Thursday

 

“The Prudential Regulation Authority judges that an extension of the exceptional and precautionary action taken in March is not necessary and that there is scope for banks to recommence some distributions should their boards choose to do so,” the BoE said in a statement.

https://www.reuters.com/article/britain-boe-banks/bank-of-england-relaxes-covid-curbs-on-bank-dividends-idUSS8N2HE00V

Anonymous ID: c623f4 Dec. 10, 2020, 9:09 a.m. No.21057   🗄️.is đź”—kun   >>1113 >>1155

Weekly Initial Unemployment Claims increased sharply to 853,000

 

In the week ending December 5, the advance figure for seasonally adjusted initial claims was 853,000, an increase of 137,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 712,000 to 716,000. The 4-week moving average was 776,000, an increase of 35,500 from the previous week's revised average. The previous week's average was revised up by 1,000 from 739,500 to 740,500. This does not include the 427,609 initial claims for Pandemic Unemployment Assistance (PUA) that was up from 288,234 the previous week.

The dashed line on cap#2 is the current 4-week average. The four-week average of weekly unemployment claims increased to 776,000.

 

The previous week was revised up.

moar

https://www.calculatedriskblog.com/2020/12/weekly-initial-unemployment-claims_10.html

Anonymous ID: c623f4 Dec. 10, 2020, 9:33 a.m. No.21060   🗄️.is đź”—kun   >>1113 >>1124 >>1155

Morgan Stanley to shift $120 billion to Germany in post-Brexit move

 

Morgan Stanley is planning to shift around 100 billion euros ($121 billion) in assets to Frankfurt from Britain next year as a consequence of Brexit, a person with knowledge of the matter said on Thursday. Frankfurt’s banking scene has been one of the primary beneficiaries of Britain’s exit from the European Union as many big global banks chose Germany’s financial capital to house staff and assets. Dozens of financial institutions have applied for licenses in Germany. The person, who spoke on condition of anonymity to discuss internal planning, said that the volume of assets slated for transfer was a rough estimate and would likely be moved in the first quarter of next year. Britain and the European Union are currently in discussions to hammer out a post-Brexit trade deal. Banks that have increased their presence in Frankfurt include Citigroup , JPMorgan , Standard Chartered and Goldman Sachs . Frankfurt has been dubbed Bankfurt or Mainhattan, after the river Main that the city straddles. A steady increase in banking jobs has however likely come to an end because of the coronavirus pandemic, according to a study by German lender Helaba.

 

https://www.reuters.com/article/britain-eu-morgan-stanley-germany/morgan-stanley-to-shift-120-bln-to-germany-in-post-brexit-move-source-idUSL8N2IQ5IB

Anonymous ID: c623f4 Dec. 10, 2020, 12:15 p.m. No.21094   🗄️.is đź”—kun

>>21078

Lot's of speculations in that-Why would they send just the ANG?

That not a big deal as it could have been the closest available.

Just one occupant-no navigator?

Kinda smells but can't offer anything up as to how or why.

Think we'll have some answers soon though.

Anonymous ID: c623f4 Dec. 10, 2020, 12:18 p.m. No.21095   🗄️.is đź”—kun   >>1113 >>1155

SAM262 USAF G5 departed Cannon AFB-Clovis,TX after a ground stop-inbound from Lackland AFB-San Antonio

This AC departed Shuttle Landing Facility yesterday after the Artemis mtg with VP Pence as SAM500-see cap #2 for multiple AC's gettin' outta dodge after the NASA meeting

Anonymous ID: c623f4 Dec. 10, 2020, 1:14 p.m. No.21122   🗄️.is đź”—kun   >>1155

Japan’s Megabanks Have a $44 Billion Problem With Client Stakes

 

Japan’s biggest banks have a $44 billion problem: how to sell stakes in their most important clients without losing their business.

 

The lenders have offloaded trillions of yen in cross-shareholdings in the past decade under pressure from regulators and investors. Now they are down to a clutch of firms that are resistant to stake sales, according to interviews with more than half a dozen bank officials, who asked not to be identified because of the sensitivity of the discussions. Firms have threatened to take their business elsewhere if lenders sell their holdings, said one senior executive at a major bank. Such resistance is leaving banks in a bind as they seek to improve corporate governance and shore up their finances through the divestments. The practice of cross-holdings is largely unique to Japan, where it emerged after the war to cement ties with friendly owners and keep more demanding shareholders at bay. A slowdown in sales would impair lenders’ efforts to reduce vulnerability to financial markets and bolster capital to give back to shareholders or spend on their businesses. Banks have also been booking gains on the offloads, so any drop in such transactions would weaken earnings that are already being battered by rock-bottom interest rates and rising credit costs during the pandemic.

 

Japan’s three biggest lenders Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. - have signaled a commitment to keep reducing their cross-holdings, which totaled 4.6 trillion yen ($44 billion) as of March. They have unloaded 3.6 trillion yen since 2010, a task made easier by targeting companies that were more receptive to the trend than bedrock clients. MUFG’s current goal involves cutting 800 billion yen of stocks in the six years ending March 2021. Sumitomo Mitsui aims to shed 300 billion yen in the five years through March 2025, while Mizuho plans to trim 300 billion yen in the three years ending March 2022. The unwinding has coincided with a corporate governance code introduced under former Prime Minister Shinzo Abe, which has seen a long-awaited rise in investor activism in the world’s third-largest stock market. Revisions made in 2018 added language explicitly urging companies not to take business elsewhere if banks cut stakes, although the guidelines are voluntary.

https://www.bnnbloomberg.ca/japan-s-megabanks-have-a-44-billion-problem-with-client-stakes-1.1534793

 

and not at all like our derivatives problem here /s