tyb
fabulous. seems better from 2 hours ago, not a huge PIA staying on as it was earlier. Still getting the 502's but can't do nuffin about it.
o7
PAT621 C-560 Departed Sioux Falls Int'l west-origin McGuire AFB, NJ
VM767 C-560 departed Offutt AFB heading se-origin JBA with ground stops in Louisville, KY and Offutt
PAOLA21 E-6B TACAMO out of Tinker AFB south and on return leg
FRILL25 E-6B from Pax River sw over North Carolina
RONIN01 E-3A Sentry AWACS west from Tinker AFB
ty
:)
U.S. banks to defend dividend payments in stress tests
NEW YORK (Reuters) - U.S. banks are expected to defend their dividend payments when they submit their annual capital plans to the Federal Reserve on Monday for the upcoming stress tests, the Financial Times reported on Sunday, citing people familiar with the situation.
U.S. lenders face growing pressure to follow their European counterparts and non-financial companies and cut dividends, as the chinavirus crisis puts a record number of people out of work, which could make it harder for borrowers to repay loans. Banks may need cash to cover those losses, critics argue.
But over the past week, executives from Citigroup Inc (C.N), Morgan Stanley (MS.N) and Goldman Sachs Group Inc (GS.N) have defended their plans to continue paying dividends to shareholders, saying their banks are well-capitalized enough to do so.
Wall street analysts, who initially thought it was impossible banks would cut dividends, are now saying it is more likely that banks, particularly those with large credit card businesses, will cut dividends later this year.
On March 27, the European Central Bank told its lenders to skip dividends and share buy backs until at least October, estimating they could save 30 billion euros by doing so.
https://www.reuters.com/article/us-usa-banks-stress-tests/u-s-banks-to-defend-dividend-payments-in-stress-tests-ft-idUSKBN21N0QS
FRB stress tests have always been bullshit. The big banks place the toxic assets they hold into a "hold to maturity" bucket on it's balance sheet so the FRB never "see's" them-done this since these were started. If they suspend dividend payments the masses who hold them as well as the big funds will begin dumping them.
FRB definition of Stress test(s)
Stress Tests and Capital Planning
The Comprehensive Capital Analysis and Review (CCAR) is an annual exercise by the Federal Reserve to assess whether the largest bank holding companies operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress and that they have robust, forward-looking capital-planning processes that account for their unique risks.
As part of this exercise, the Federal Reserve evaluates institutions' capital adequacy, internal capital adequacy assessment processes, and their individual plans to make capital distributions, such as dividend payments or stock repurchases. Dodd-Frank Act stress testing (DFAST)–a complementary exercise to CCAR–is a forward-looking component conducted by the Federal Reserve and financial companies supervised by the Federal Reserve to help assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic conditions.
While DFAST is complementary to CCAR, both efforts are distinct testing exercises that rely on similar processes, data, supervisory exercises, and requirements. The Federal Reserve coordinates these processes to reduce duplicative requirements and to minimize regulatory burden.
The requirements, expectations, and activities relating to DFAST and CCAR do not apply to any banking organizations with assets of $10 billion or less.
https://www.federalreserve.gov/supervisionreg/stress-tests-capital-planning.htm
VM767 C-560 from Offutt AFB on final at JBA-should be on ground now
RAF _ZZ334 Airbus A330-243 (MRTT) Voyager southwest from Dakar, Senegal-Blaise Diagne International Airport and most likely heading to Montevideo, Uruaguay.
These RAF AC have gone into Belize in the past.
Going into Newport News or Norfolk. Originated in Chile yesterday
Four Citadel Portfolio Managers Leave During Turbulent March
Four equity portfolio managers at Ken Griffin’s Citadel hedge fund left the firm in March, one of the most volatile months for stocks on record. All four managers were in the firm’s Global Equities unit. Citadel lost money earlier in March, but ended the month up
The four managers are Chris Connor, who ran a technology portfolio; Tio Charbaghi and Steve Bergman, who both ran baskets of industrial stocks; and Chip Fortson, who ran a book of financial stocks, according to people familiar with the firm.
The managers, who all worked in the firm’s Global Equities group, either didn’t return emails or texts requesting comment, or couldn’t be reached for comment. That unit got a new head at the beginning of this month, when Justin Lubell joined Citadel from Steve Cohen’s Point72 Asset Management.
Steven Cohen was the buyer of the Koon's bunny via a silent bid proffered by Robert Mnuchin (munchkins' dad)
Citadel had been among firms that were struggling in the first half of March as the coronavirus pandemic virtually halted the global economy and seized up markets from stocks to bonds to commodities. Its flagship funds had been down 5.3% through March 20 before things turned around, Bloomberg previously reported. Then, the unprecedented moves by the Federal Reserve and the promise of a $2 trillion economic stimulus package boosted markets, giving funds a reprieve. The flagship funds ended March up 1.2%, bringing year-to-date performance to almost 6%. All five of the strategies that feed into them were flat or positive over the period. Citadel has continued hiring. Richard Falk-Wallace, a natural resources portfolio manager who previously worked at Viking Global Investors, joined Citadel’s Surveyor unit last week. Jake Koury, a portfolio manager covering consumer stocks who most recently worked at Balyasny Asset Management, will be joining the firm’s Global Equities group next month.
A spokesperson for Citadel declined to comment.
https://www.bloomberg.com//news/articles/2020-04-05/four-citadel-portfolio-managers-leave-during-turbulent-march
from 2015
This Billionaire's Wife Reportedly Wants $1 Million A Month In Child Support
https://www.huffpost.com/entry/billionaire-divorce-kenneth-griffin_n_6755104
SHARK73 USAF C-130 Hercules on ground at NAS Norfolk
Cap#2-3 are origin and stop in Panama-the Q9 CBP Guardian Drone seen in teh Gulf of Panama based out of the Pacifico Airport
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