Top Links 274 State-sponsored bank profits, Europe's cocaine boom & Ferrari's ruthlessness

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The Watcher by Edward Burra, 1937, via Pallant House Gallery

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State-sponsored bank profit

UBS on Thursday said the state-sponsored takeover of Credit Suisse had fuelled a $29bn gain, a record quarterly profit for any bank. … The $29bn accounting gain on the Credit Suisse takeover — known as negative goodwill, …