>>11854934, >>11854941, >>11855121, >>11855138 pb SEC filings: The parent company of Dominion Voting Systems received $400 million from an Investment Bank in Switzerland that is 75% owned by the Chinese government.
from Dec 1st 2018
UBS secures majority stake in a China securities joint venture
Switzerland’s largest bank, UBS, has become the first foreign bank to hold a majority stake in a China securities joint venture, after gaining approval from country’s securities regulator. On Friday, the China Securities Regulatory Commission gave approval for UBS AG to hold the majority stake in its securities joint venture. The Swiss bank, which currently owns 24.99% of the UBS Securities Co joint venture, had applied in May this year to the China Securities Regulatory Commission (CSRC) to raise its stake to 51%. UBS is acquiring from China Guodian Capital Holdings and COFCO their 12.01% and 14% stakes in UBS Securities, respectively.
This makes it the first foreign bank to secure such control under new rules announced by Beijing last year.
UBS Chief Executive Sergio Ermotti said in a statement: “Growing our China business is key element of our strategy. The further opening up of China's financial sector represents great opportunities for our wealth management, investment bank and asset management businesses.” “Since establishing our onshore presence in 1989, we have been at the forefront of foreign investment in China. This step underlines our long-term commitment to this market and we will continue to pursue opportunities.”
This move should allow UBS to expand its business in the world’s second-largest economy. The venture’s existing operations include debt and equity underwriting and financial advisory.
This move is significant as China is traditionally restrictive on foreign firms owning its companies. The biggest global investment banks, which have struggled to build their China businesses under rules that previously limited them to 49% ownership, have long sought the lifting of such limits on joint ventures. Lack of control over joint venture operations in China’s potentially lucrative securities market resulted in difficulties in integrating mainland ventures with global operations.
https://www.swissinfo.ch/eng/china-deal_ubs-secures-majority-stake-in-a-china-securities-joint-venture/44587188
touch and go
INVALID USAF A-10 BRRRT out of Martin State Airport and just se of NAS Pax River
Biden's Pick For Budget Chief Scrubs Twitter History Ahead Of Contentious Confirmation
With Senate Minority Leader Chuck Schumer calling on Congress to begin hearings on Joe Biden's Cabinet picks before the inauguration while the results of the 2020 election remain in dispute, one nominee has already stoked controversy for peddling conspiracy theories and partisan attacks on Twitter - and is now deleting the evidence. Neera Tanden, Biden's pick for budget director, has deleted over 1,000 tweets in anticipation of a contentious confirmation vote. Many of the tweets were critical of GOP senators, whose votes she'll need (assuming Republicans hold the Senate after two January runoff elections in Georgia).
In addition to spreading disinformation claiming that Russian hackers flipped votes to President Trump in the 2016 election - something Democrats currently stand accused of in the 2020 race, Tanden - a veteran Hillary Clinton aide and current president of the John Podesta-founded Center for American Progress - attacked Sen. Susan Collins (R-ME) in a still active tweet - calling her "pathetic" for supporting Supreme Court Justice Brett Kavanaugh's nomination in the Senate (after Democrats accused him of operating a 'rape gang' in the 1980s).
Pathetic. https://t.co/uukVMyonIX
— Neera Tanden (@neeratanden) August 22, 2018
GOP Sen. John Cornyn of Texas called Tanden's selection "radioactive," according to Bloomberg, telling reporters "Most Republicans are open to any reasonable nominee by the incoming administration," adding "We’re prepared to try to work with the vice president once the vote’s certified, but she certainly strikes me as his worst nominee so far."
She also deleted tweets from Nov. 20 that expressed her opposition to coronavirus restrictions on schools and restaurants, citing France as an example of a country that was able to slow the spread of infection while keeping businesses open.
Tanden, who now refers to herself as a "liberal" instead of "progressive" on Twitter, has left up recent posts of hers that thanked Republican Sens. Mitt Romney of Utah, Ben Sasse of Nebraska, and Lamar Alexander of Tennessee for encouraging Republicans to accept Biden as the winner of the 2020 election. -Washington Examiner
hard to think of a more obviously contemptible person in the democratic establishment for biden to hire this side of rahm
— kathbarbadoro (@kathbarbadoro) November 30, 2020
Assuming Biden is the president on January 20, 2021, and assuming Tanden makes it through the confirmation process, she will oversee Biden's annual budget, and will become one of the administration's chief negotiators with Congress on spending legislation. The Office of Management and Budget (OMB) also has 'extensive authority' over federal agencies' regulatory power, and reviews proposed rule changes for the White House (per Bloomberg).
Schumer, meanwhile, calls GOP concerns over Tanden's Twitter comments are "overblown complaints."
https://www.zerohedge.com/political/bidens-pick-budget-chief-scrubs-twitter-history-preparation-contentious-nomination