Posted on 09/21/2022 7:01:52 AM PDT by dynachrome
Germany said on Wednesday it had agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe's top economy has relied on Russian fuel.
The deal brings the total cash pumped into Germany's three biggest importers of Russian gas, also including EnBW's (EBKG.DE) VNG (VNG.UL) division and former Gazprom (GAZP.MM) unit Sefe, to at least 40 billion euros.
(Excerpt) Read more at reuters.com ...
Today at House of
reps. led by mad maxine. Live hearing:
“Lawmakers on Capitol Hill are set to grill the CEOs of the largest consumer banks Wednesday morning on several hot-button topics, including consumer protection and compliance issues, mergers and acquisitions, and issues relating to the public interest, among other topics.
In testimony before the House of Representatives Financial Services Committee will be JPMorgan Chase & Co’s Jamie Dimon, Wells Fargo’s Charles Scharf, Bank of America’s Brian Moynihan, and Citigroup’s Jane Fraser, the heads of the top four largest banks. And US Bancorp CEO Andy Cecere, PNC Financial CEO William Demchak, and Truist’s Bill Rogers, who are the country’s largest regional lenders. “
Won’t help much.
There will be a reckoning, I reckon.
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