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Two of Wall Street’s biggest banks kicked off second-quarter results season with a boost to earnings. JP Morgan Chase said that Q2 profit rose 18% as the bank continues to benefit from a strong US economy and the new federal tax law. Citigroup said its Q2 profit rose 16%. Both banks exceeded analysts’ expectations; for Wells Fargo, it was a different story.

JP Morgan Q2 Earnings at a Glance

  • Profit: $8.3 billion, or $2.29 a share. Analysts polled by Thomson Reuters had expected earnings of $2.22 a share.
  • Trading revenue: $5.4 billion, a 13% increase from $4.8 billion a year earlier.
  • Costs: $15.97 billion, an increase from $14.77 billion a year earlier.
  • Return on equity: 14% in Q2 compared with 12% a year ago.

Citi’s Q2 Earnings at a Glance

  • Profit: $4.49 billion, up from $3.87 billion a year earlier. Per-share earnings were $1.63. Analysts had expected $1.56 per share.
  • Revenue: $18.47 billion, a 2% rise from a year ago. Analysts had expected $18.51 billion.

Meanwhile, Wells Fargo reported a profit of $5.19 billion, or $0.98 a share.

That was down from $5.86 billion in the year-ago quarter.

Revenue also fell, to $21.6 billion from $22.2 billion in the second quarter of 2017.

The bank in mid-April adjusted first-quarter earnings down $800 million after paying a $1 billion settlement to regulators over improper charges to mortgage and auto-loan customers.

Read more on Wells Fargo earnings.


DLF24: DLF24: USA, world-wide Import ban for Iranian Oil

With an Embargo on oil, the US government wants to deprive the arch enemy of Iran’s most important source of revenue.
Sanctions: US Ambassador calls for stop of payment to Iran

Iran wants to fly out $ 300 million from Germany

US Diplomat Richard Grenell demands of the Federal government to prevent the project.

EU to extend sanctions against Russia | DW | 29.06.2018

Middle East conflict: Israel closes only goods Transfer to the Gaza strip



DLF24: USA wollen weltweites Import-Stopp für iranisches Öl

Mit einem Embargo beim Erdöl will die US-Regierung dem Erzfeind Iran die wichtigste Einnahmequelle entziehen.

Sanktionen: US-Botschafter fordert Stopp von Auszahlung an den Iran

Der Iran will 300 Millionen US-Dollar aus Deutschland ausfliegen. US-Diplomat Richard Grenell verlangt von der Bundesregierung, das Vorhaben zu verhindern.

Sanktionen: Deutsche Firmen lieferten verbotenes Titanerz auf die Krim

EU will Sanktionen gegen Russland verlängern | DW | 29.06.2018

Nahostkonflikt: Israel schließt einzigen Warenübergang zum Gazastreifen

Deutsche Forfait: Wenn Sanktionen die Freiheit kosten

Der Chef der Deutschen Forfait sitzt im Iran in Haft. Sein Fehler: Die USA hatten den Exportfinanzierer unter Druck gesetzt – er kooperierte, um im Geschäft zu bleiben.

“Peace dividend is a political slogan popularized by US President George H.W. Bush and UK Prime Minister Margaret Thatcher in the early 1990s, purporting to describe the economic benefit of a decrease in defense spending.

It is used primarily in discussions relating to the guns versus butter theory.

The term was frequently used at the end of the Cold War, when many Western nations significantly cut military spending (such as Britain’s Options for Change defence review).

“While economies do undergo a recession after the end of a major conflict as the economy is forced to adjust and retool”

“Wenn man weiss wer der Böse ist, hat der Tag Struktur” (Volker Pispers)

“Der Feind hatte sich einfach aufgelöst, ohne Rücksprache – da hat man den Hussein zum Hitler aufgeblasen” (auch mit Waffen aus Deutschland, was im Iran-Irak Krieg zu einer massiven Flüchtlingskrise geführt hat (GasAngriffe mit Deutschen Fuchs-Panzern auf zivile Ziele/Dörfer))


The Halabja chemical attack (Kurdish: Kîmyabarana Helebce کیمیابارانی ھەڵەبجە), also known as the Halabja Massacre or Bloody Friday,[1] was a massacre against the Kurdish people that took place on March 16, 1988, during the closing days of the Iran–Iraq War in the Kurdish city of Halabja in Iraq. The attack was part of the Al-Anfal Campaign in northern Iraq, as well as part of the Iraqi attempt to repel the Iranian Operation Zafar 7. It took place 48 hours after the fall of the town to the Iranian army. A United Nations (UN) medical investigation concluded that mustard gas was used in the attack, along with unidentified nerve agents.[2]

The attack killed between 3,200 and 5,000 people and injured 7,000 to 10,000 more, most of them civilians.[1][3]

“Iran and Iraq remember war that cost more than a million lives”.

“Over time he (Saddam) enjoyed the discreet support of the west, with the US providing satellite intelligence on Iranian deployments and European countries supplying armaments and raw materials for gas and chemical weapons.

Iran’s continuing suspicions of America and Europe cannot be understood without remembering that grim period.

Washington wanted both countries to bleed, but it feared Iran more.”

(src: the Guardian)