PlaneFaggin’:Europe/Med. ActivityZelensky at Brussels, Saudis to Paris after quick LA stop/drop,Med activity

Ukraine AF UKN1133 A319Zelenskyarrived at Brussels Intl from Rzeszow Airport

Arrived from Krakow Intl Airport-where it is stored

Ukrainian President Zelensky signs security pact with EU

https://www.msn.com/en-gb/news/world/ukrainian-president-zelensky-signs-security-pact-with-eu/ar-BB1p00Pi

NATO02 E3 Sentry AWACS N of Rzeszow Airport

German AF GAF732 A321 Neo departed Rzeszow Airport after stop and drop of about 3.5h and back to Berlin

Germany may hold more basic training for Ukraine army recruits, says EU commander

https://www.msn.com/en-us/news/world/germany-may-hold-more-basic-training-for-ukraine-army-recruits-says-eu-commander/ar-BB1oZtzQ

Saudi AF SVA7201 737Ministry of Financeacross Atlantic from Bangor, Maine fuel stop after its 1h35m stop at Los Angeles Intl yesterday >>21092129 lb

It is on descent for Paris-Le Bourget Airport for a fuel stop

Algeria AF 7TVPS G4 NE from Vienna after about 1h 50m on ground

Italian AF IAM1497 G550 Rome to Paris

Med

Italian AF IAM1470 G550 Airborne Early Warning & Control back to Rome after runs in Northern and Southern Italy

Morocco AF FRV1218 747 back to Rabat from Gibraltar

Belgium AF BAF70 Falcon 7x WN from Dhabi depart and arrived yesterday from Brussels Intl

French AF CTM2070 A400m departed Muwaffaq Salti Air Base, Jordan after refuel and inbound from Paris

Israel AF ALONAAA C-130 Super Hercules switched on

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

(WTF do these insolvent pieces of shit want next?-the FED already allows these banks to move assets to the ‘hold to maturity’ accounting bucket so they don’t count in the “analysis” and of course they will disclose the ongoing share repurchase programs after markets close tomorrow because that will give moar of a clue as to who’s lying even moar-if they “need moar time”)

JPMorgan Chase said late Wednesday that the Federal Reserve overestimated a key measure of income in the giant bank’s recent stress test, and that its losses under the exam should actually be higher than what the regulator found. The bank took the unusual step of issuing a press release minutes before midnight ET to disclose its response to the Fed’s findings. JPMorgan said that the Fed’s projections for a measure called “other comprehensive income” — which represents revenues, expenses and losses that are excluded from net income — “appears to be too large.”

Under the Fed’s table of projected revenue, income and losses though 2026, JPMorgan was assigned $13 billion in OCI, more than any of the 31 lenders in this year’s test. It also estimated that the bank would face roughly $107 billion in loan, investment and trading losses in that scenario.

“Should the Firm’s analysis be correct, the resulting stress losses would be modestly higher than those disclosed by the Federal Reserve,” the bank said.

The error means that JPMorgan might require more time to finalize its share repurchase plan, according to a person with knowledge of the situation. Banks were expected to begin disclosing those plans on Friday after the market closes. The news is a wrinkle to the Federal Reserve’s announcement yesterday that all 31 of the banks in the annual exercise cleared the hurdle of being able to withstand a severe hypothetical recession, while maintaining adequate capital levels and the ability to lend to consumers and corporations. Last year, Bank of America and Citigroup made similar disclosures, saying that estimates of their own future income differed from the Fed’s results.

Banks have complained that aspects of the annual exam are opaque and that it’s difficult to understand how the Fed produces some of its results.

https://www.cnbc.com/2024/06/27/jpmorgan-chase-fed-stress-test-results-error.html