It is unbelievable. The sun is shining. Lets make some news, shelley . To town last night. You have been able to hear a bit about what people are saying. Talk about what people are saying, trust five years after the financial crisis, how is it that you think people trust banks so little . I am told we are the second least. Fortunately, we still have congress. News reporters are third. In all seriousness, this is the most damaging financial crisis since the depression, and maybe well before that with all of the home foreclosures, bank failures, and the impact that had on the global economy. T was devastating it takes a long time to recover the trust. It is not surprising. Is the industry not doing enough . The industry is doing a lot. Like what . You need strong institutions, so they are recapitalizing, cutting leverage. They started shedding businesses that were at the roots that got banks in trouble. Lets get more basic than that america does not understand when you talk about sheddin
Overall i would say it was not as good as the First Quarter, but still very, very strong quarter. And bp under pressure. The oil giant admitting it must raise provisions for its gulf of mexico Compensation Fund while underlying earnings also come in below expectations. Record quarterly profits, though, for sprint to acquire softbank in japan, thats thanks to big returns from mobile Games Developer gung ho online. A very busy day on the earnings front. Lets delve in. Ubs, solid performance in the Second Quarter, pretax profit of 1 billion swiss franks. Earlier, the banks ceo said the time is right to buy back the toxic assets that it offloaded on to the snb back in 2008. Take a listen. I guess the positive developments in the last few months allowed us to take this important decision for us, which we allow our capital base points the option, exercise to increase our improve our capital ratio by 70 to 90 basis points. To me, it seems like a huge success for the government, the smb and yo
The Birch Hotel, in Cheshunt, Hertfordshire, tried to entice wealthy creatives living in London with its festival atmosphere, pottery workshops and sourdough baking sessions.
The Birch Hotel in Hertfordshire emerged during the pandemic in 2020 to great acclaim. But now it has gone into administration along with its sister hotel in Croydon