tybs
morning
>>124475 lb
SWQ3213 737 on approach at Rafael Hernandez Int'l Airport Aguadilla, Puerto Rico from Miami Int'l overnight
Should be on ground now.
ok so far-not as sore as thought would be-must have got it 'out' already.
RAF RRR7210 Rivet Joint done over Black Sea nw over Ukraine-just after sunset dhere
Polish AF 737 es from Warsaw
Moroccan AF FRV1218 747 out with it's new toy
Europe’s Banks Step Up Profit Pledges With Higher Rates in Sight
As interest rates finally inch up, European banks are telling investors to expect something they haven’t seen in almost 15 years: returns in the teens.
Several of the region’s top lenders recently raised their profitability targets as they expect higher income from lending. The extent of the upgrades ranges across the whole of Western Europe, from Nordea Bank Abp in Helsinki to Banco Santander SA in Madrid. Both promise a return of at least 13% on the capital provided by shareholders as higher rates buoy earnings and the impact of the pandemic eases.
Other competitors may follow suit. Lenders including BNP Paribas SA, Commerzbank AG and Deutsche Bank AG will hold events next month to lay out their future strategy, with profitability a focus of investors. Deutsche Bank has yet to reach a return on tangible equity of 8% this year, but with peers raising targets, the pressure is on to outline more ambitious goals.
While the metrics used differ slightly from bank to bank, the message is the same: They’re ready to make money again, after more than a decade of low and even negative interest rates during which returns rarely topped 10% on the invested capital.
Record inflation in the euro region is one reason behind the optimism. Surging prices have driven up the likelihood of interest rate increases by the European Central Bank. The Bank of England on Thursday lifted its key rate by a quarter point, with four policy makers opting for a larger increase.
Higher interest rates typically mean higher income from lending. Spain’s BBVA has said an increase in the yield curve by 100 basis points would drive up net interest income in the euro area by more than 20%.
But higher rates can also lead to more defaults. The latter hasn’t been a big concern for banks so far, after they stashed away billions for potentially bad loans during the pandemic. That’s allowed them to actually release some of that money as fallout from the pandemic eases.
In addition, lenders may start reaping the benefits from painful cost-cutting efforts carried out over the past years, when profits were hard to come by. Many banks have embarked on digitalization drives while cutting staff and branches, leading to higher efficiency.
Expectations for rising profits have set off a race for the highest payout to shareholders. UniCredit Chief Executive Officer Andrea Orcel in December promised to return at least 16 billion euros over the next several years. Other lenders including UBS Group AG and Banco Santander SA have since said they want to boost payouts to investors.
The long period of poor profits has weighed heavily on valuations of European banks, many of which are worth a fraction of their competitors in the U.S. Several bank heads in Europe have expressed their expectation that improving profitability will close the gap and strengthen their position should M&A opportunities arise.
https://www.bnnbloomberg.ca/europe-s-banks-step-up-profit-pledges-with-higher-rates-in-sight-1.1717881
We DEMAND higher rates
02-5001 USAFSOC C-32B on descent for Lackland AFB San Antonio from Eglin depart
Deez been pretty quiet last few weeks or they are just switched off.
C202 US Coast Guard G5 inbound from Rome depart heading back to Reagan National
Arrived at Paris on 0130 from Reagan National depart then to Rome on 0201
SPAR91 USAF G5 also departed Rome
Arrived on 0131 from Ramstein depart with a stop at Stuttgart prior to Rome arrival
AFRICOM located at Stuttgart
Bank of England makes consecutive interest rate hikes for first time since 2004
The Bank of England on Thursday announced its second consecutive interest-rate increase, the first time it’s done back-to-back hikes since 2004.
By a 5-to-4 vote, the Bank of England voted to take rates up by a quarter point to 0.5%. Inflation reached 5.4% in December, and prices are set to rise further. The U.K. regulator Ofgem separately announced a 54% jump in the energy price cap, a move that is effective in April. The Bank of England forecasts inflation will peak at 7.25% in April. BWAHAHAHAHAHAHA!
“Given the current tightness of the labour market and continuing signs of greater persistence in domestic cost and price pressures, the Committee judges that an increase in Bank Rate of 0.25 percentage points is warranted at this meeting,” the central bank said. The surprise to markets came as the four-person minority wanted a half-point rate hike. Yields on the 2-year gilt TMBMKGB-02Y, 1.159% rose by nearly 12 basis points, and the pound GBPUSD, 0.27% rose as high as $1.3628 from $1.3567 shortly before the decision. “Ahead of today’s policy meeting, investors were convinced of a rate hike and the BoE delivered, although the fact that the committee only narrowly avoided a 0.5% increase on a 5-4 vote is more hawkish than we expected. The key question for markets now is how much further the BoE can go in tightening policy,” said Jonathan Sparks, CIO, UK and Channel Islands, Private Banking and Wealth Management at HSBC. The central bank also said it will stop reinvesting the proceeds of its portfolio of £875 billion in government bonds, but won’t begin selling them until rates have climbed to at least 1%.
The FTSE 100 UKX, -0.39% slipped 0.2%, in line with cautious global sentiment after the weak outlook from Facebook parent Meta Platforms.
https://www.marketwatch.com/story/bank-of-england-makes-consecutive-interest-rate-hikes-for-first-time-since-2004-11643889865
Not AF1 Joe on 82-8000 USAF 747 departed JBA for JFK Int'l
Muh gun safety
Biden to push for gun safety in New York city with police chief
https://whtc.com/2022/02/03/biden-to-push-for-gun-safety-in-new-york-city-with-police-chief/
MAINE85 USAF KC-135 tanker already on the track as the mobile filling station
C202 started it's descent to Reagan National
RAF RRR7210 Rivet Joint hanging out on Polish/Belarus border area nao
02-5001 USAFSOC C-32B east from short ground stop at Lackland
Swiss AF SUI003 Falcon 900 on ground at Bern
Hungarian AF HUAF525 se
Both departed Lille Int'l Airport-cap #2
SPAR91 USAF G5 on ground at Stuttgart Int'l
RAF RRR7210 River Joint done over Polish/Belarus border
Polish AF PLF101 737 heading to Tblisi from Warsaw depart
Rep. Jamie Raskin failed to report huge stock payout for his wife, a Biden Fed nominee
Democratic Rep. Jamie Raskin violated a federal conflict-of-interest law by failing to properly disclose stock shares that his wife – President Biden's nominee to be the Federal Reserve's top banking regulator – received for her work at a Colorado-based financial technology company, a source familiar with the matter told FOX Business.
The Maryland Democrat disclosed information about the transaction in August 2021 – eight months after Sarah Bloom Raskin sold 195,936 shares of Reserve Trust for $1.5 million, according to a federal financial disclosure. The document listed the initial transaction date as Dec. 18, 2020. Lawmakers' spouses are allowed to trade in companies or industries that their partners may help regulate. But Jamie Raskin's failure to promptly disclose the shares that his wife sold marks a violation of the Stop Trading on Congressional Knowledge Act. The law – frequently referred to as the STOCK Act – was passed in 2012 in an attempt to increase transparency on Capitol Hill; the law made it illegal for members of Congress and their families to profit from inside information and requires lawmakers to report stock trades to Congress within 45 days.
Jamie Raskin, a prominent lawmaker who led the second impeachment trial of former President Trump, did not immediately respond to a FOX Business request for comment. But the Democrat has acknowledged the late filing and told Business Insider that the omission occurred because the transaction happened just before their 25-year-old son, Thomas, died on Dec. 31, 2020.
"We lost our son during the reporting period, and I filed the report late," the congressman told Insider.
The oversight also comes at a pivotal moment for Sarah Bloom Raskin, who was formally nominated last month by Biden to serve as the Federal Reserve's vice chairwoman for supervision.
As vice chair for supervision, Sarah Bloom Raskin – a Duke University law professor who has held high-level jobs at both the Treasury Department and the Fed – would oversee annual stress tests that review bank safety and liquidity. Her nomination has been welcomed by progressive senators and advocacy groups, who think she will take a tougher stance against Wall Street than her predecessor, Randal Quarles, a Trump nominee who stepped down last month.
But she has faced fierce pushback from Republican lawmakers concerned that her stance on issues like climate change could endanger the central bank's independence.
The Fed nominee has previously argued that all financial institutions should re-evaluate their relationships with energy companies and has advocated for a push toward sustainable investments that do not depend on carbon and fossil fuels. If banks and other financial institutions do not take these steps to distance themselves from fossil-fuel companies, Sarah Bloom Raskin has said the Fed should penalize them.
Sarah Bloom Raskin has also drawn scrutiny for her work at Reserve Trust: The nonbank fintech company is the only one of its like to have received special access to the Fed's payment system – an occurrence that happened when Sarah Bloom Raskin served as the company's director.
Access to Federal Reserve services is sought after by many fintechs and other nontraditional financial services companies, because there are a number of benefits, including the ability to borrow from the Fed's discount window and to earn interest from deposits at the central bank. Without a master account, nonbank financial institutions must partner with banks insured by the Federal Deposit Insurance Corp. in order to tap those services.
https://www.foxbusiness.com/politics/democrat-jamie-raskin-conflict-of-interest-biden-fed-nominee
whoever ponied up Facebook shares as collateral for any type of loan(s) will have a problem come monday if that continues
at least you have not lost sense of humor about it
That goes and it not good.
keep the knives away from Mrs W.
kek
They had been moving around almost every day but that has slowed considerably towards the end of last week-when I started keeping track of them.
At least I habs proof they went to Guatemala CIty and back to Harlingen yesterday.
Had not seen that until yesterday-dunno if anyone else has either.
Not AF1 Joe in 82-8000 USAF 747 departed JFK Int'l back to JBA
09-0017 USAF C-32A up as 'escort' from JBA
Dat's wut these were leaving from earlier today
Now this
BOXER41 USAF C-40C inbound from Shannon, Ireland ground stop from Rome depart earlier today
Italy’s 80-year-old president sworn in for a second term
https://www.wtnh.com/news/international/italys-sergio-mattarella-sworn-in-for-a-second-term/
ty for bringing those..appreciate!!
Made it interdasting again.
5 to watch because of that so ty again.
Don't spend much time in general any longer
just the odd looksie.
#844
>>124528, >>124529, >>124536, >>124537 domain appraisals and some discussion...things that make ya go hmmmmm
>>124543 @RepMontague twat "The WHITE HOUSE is now encouraging Spotify to take “further action” against Joe Rogan’s podcast...."
>>124544 NEW: Truckers are providing meals for the homeless in downtown Ottawa-JW Telegram-
>>124545 Alberta Towing Companies Stand with Truckers- Telegram soc. media
>>124555, >>124566, >>124575, >>124578, >>124583, >>124582, >>124585, >>124588, >>124600, >>124601, >>124607, >>124617, >>124620 pf report(s) SWQ AC action Miami-PR-Miami Yerp and CONUS activity Not AF1 Joe to NYC and back
>>124573 Europe’s Banks Step Up Profit Pledges With Higher Rates in Sight-bnnB'berg
>>124581 Bank of England makes consecutive interest rate hikes for first time since 2004-marketwatch
>>124582, >>124584 Biden to push for gun safety in New York city with police chief-whtc
>>124602 Rep. Jamie Raskin failed to report huge stock payout for his wife, a Biden Fed nominee-foxbiz
>>124604 Canadian military will not break up the truckers’ Freedom Convoy in Ottawa: report-lifesitenews
>>124606 Possibruh issues with Meta (FB) shares put up as collateral for loans starting on Monday (margin calls)-sure you've seen the drop already
#844
Oil extends gains above $90 a barrel as winter storm hits U.S.
Oil prices climbed on Friday, extending sharp gains in the previous session sparked by persistent supply concerns and as frigid weather cascades across the U.S., threatening to further disrupt fragile oil supplies.
Brent crude was up 16 cents, or 0.2%, to $91.27 a barrel by 1:02 GMT, after rising $1.16 on Thursday.
U.S. West Texas Intermediate crude rose 28 cents, or 0.3%, to $90.55 a barrel, having gained $2.01 cents the previous day to settle above $90 for the first time since Oct. 6, 2014.
Both benchmarks are headed for their seventh straight weekly gain.
https://asia.nikkei.com/Business/Energy/Oil-extends-gains-above-90-a-barrel-as-winter-storm-hits-U.S
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
about to break $91 for WTI
Gunning it all day