#risk

Attempting to claim Force Majeure on it's data center commitments. There is only one problem, "Force Majeure" doesn't apply to stupid deals a company cant afford. It usually only applies in the case of acts of Nature like Earthquakes, floods, hurricanes, and severe storms, for human actions like wars, riots, strikes, and acts of terrorism, or government actions like unexpected laws, embargoes, or shutdowns.

Oracle looks VERY weak, and VERY broke if they are trying this stunt.

https://finance.yahoo.com/markets/stocks/article/why-oracles-force-majeure-notice-is-freaking-out-ai-bulls-170304487.html

The current response quality coming from TPO is deeply concerning. The level of inaccuracies and inadequate handling of queries by Pune from global regions is not acceptable for an organization operating at our scale.This is not just a matter of operational inefficiency. it exposes the company to real legal and financial risks, especially in Europe, where labor law is strict, employee rights are strongly protected and violations can lead to significant penalties.Is the company fully aware of the potential consequences of maintaining such low-quality support in areas directly connected to compliance, employee rights? Why regional TPOs are not responding properly!

I missed last month's required in office days by one. I can still go in and book a day off if I need to make myself compliant. Do I need to do that though or will I get a free warning/one free strike? Or is it too risky? I was only off by a day and Ive met or exceeded the days for the last few years.

Imagine the mess coming.

IT&V is going to take much of Audit’s work. IT&V hired a large group of Big 4 leaders that do not know internal audit, do not know how to identify an issue, or how to navigate the bank. They effectively QA control documentation pretending to evaluate the control enviornment. IT&V is not built to find issues and is not finding issues. Risk is a bigger mess than it was 5 years ago with over reliance on RCSA.

We will back in a huge mess in less than 3 years. In the meantime, we shrink. We make questionable decisions.

These things take time. Grab the popcorn.

Has anybody done it? Are there any risks to approaching my boss about it?

The news is ripe with stories of attacks on GCC Facilities and Refineries in the region. The KSA is being affected. The KSA will persevere through these tough times and will probably be stronger when the conflict ends.

Pratt subdivision. Lots a safety problems there needs fixed. Wires layed on ground. Backside washed away , no way to stand there with door open , very risky, dont wanna fall down the hill and bust your butt. Wish they bring in big load of rock/dirt to fill it all safe.

He does not have much experiece in risk. Used to be an operations/procurement/delivery guy... Not sure how he got in.

First of speciality market cuts in risk today, huge numbers of people in Concord and San Francisco gone. No warning or notice or hint.
Who said specialty markets can’t grow but stay??

Anyone in GFCCP/GI/Compliance affected? It seems a few in Risk and that was all? Seems a little worrisome and hence supports the rumors that there are additional layoffs to waterfall this week. Anyone have news from these departments?

Anyone else fed up with the false metrics leadership is using to measure success in the risk and control space. Its ironic that the department that was built up because of the sales metic that was an illusion of added profits is now deploying the same metic illusions of reduced costs.

Does anyone know which departments or systems have been impacted? Concerned about our information getting out.

https://cyberinsider.com/mckesson-data-breach-exposing-284-million-patients/

I know AI is all the rage, but when I see we're looking for more than $60 billion in debt financing, I can't help but wonder how much risk is piling up. That's a huge amount of money, and if the AI bo-m slows down, I don't want the employees paying for it through more cost-cutting or pressure to hit impossible targets.

Can someone explain what the difference is? For example Central Supervision, Specials Surveillance , Compliance people in the Markets, Finet branch supervisors, internal branch exams etc. Who is who?

Whole teams in Risk and Compliance are gone.

I’ve been following the news and doing some financial planning. I’ve been thinking from a net worth perspective instead of just cash flow.

I get that if you’re already a multi-millionaire, instability from a potential layoff doesn’t keep you up at night. I’m curious though, at what net worth did you personally stop fretting much about this kind of risk?

The usual advice is to save up 6 months of expenses in cash, but I’m curious from the asset side.

Is this an OK question to ask here? Just trying to do some planning when the rumors are floating around.

Use AI and manage AI from inside the US. Outsourcing to 3rd world countries poses security risks.

Why would anyone take this. Here’s a few things I’ve thought about:

1. You have no control or say over how the firm is run
2. No covenants and Class B has no rate floor, so you are last in line for any payouts
3. If something happened in the markets, or the firm is badly run, you have your salary, bonus, and LP at risk, it concentrates your wealth to a single firm you have no control over.
4. 20% over the last few years might not have even been better than a growth fund, so there are alternatives.

The whole structure comes down to whether you trust the current management or not.

What am I missing?

"So began the gradual rollback of ... “tokenmaxxing,” the misguided — and ultimately short-lived — trend based on the idea that the solution to every problem is more AI. That view is falling out of favor, both because employers are reckoning with AI’s runaway costs and because workers are realizing that it’s not always the best way to get things done."

bwahahahaha. Someone tell Derek Flowers. Risk is so fu---d. AI is not the solution, but now the workplace is so toxic and the technology is to clunky no one wants to work in Risk.

https://www.bloomberg.com/news/articles/2026-07-31/corporate-america-cracks-down-on-ai-spending-after-rushing-to-powerful-tools

What will happen to the contract in OK? This seems like a contract violation if key roles are leaving due to the VSP.

Ford issues multiple SUV recalls over fire, rollaway and seat risks
Fire hazard warning: Over 565,000 Broncos and Bronco Raptors are recalled for wiring harness damage that can spark engine fires, with owners told not to drive or park indoors.

Rollaway risk: More than 741,000 Expeditions and Navigators face a park system defect that can let vehicles move in 'Park,' prompting a software fix and urgent parking precautions.

Seat safety flaw: Nearly 400,000 Explorers and Aviators have rear seats that may not lock, risking passenger injury; dealers will inspect and repair at no cost.

Ford truck and car transmission troubles
Widespread complaints: Ford’s 10R80, DPS6, and hybrid truck transmissions have generated thousands of owner reports of hard shifts, hesitation, and loss of power.

Manufacturer action: Ford issued multiple Technical Service Bulletins, recalls, and design updates, but not all owners feel the fixes fully resolved the issues.

Ongoing impact: Litigation, warranty costs, and damaged consumer trust continue to affect Ford’s balance sheet and reputation.

It's not exactly a startup since it's been around for a while, but I'm still a bit uncertain about its future. Would you take the risk?

AT&T and TMO are also up. Look at the history of these telecom stocks. They go up when the other equities go down due to market risks increasing (wars, rising oil, etc.). Grandma clutches her pearls tighter and moves her money to utilities. She'll move it out of telecom when she thinks the risk is less, and VZ will then continue it's slide.

I push cursor-generated code without even looking at it. In fact, I haven't even looked at our codebase in months. All I interact with is the chat window. My teammates don't even read the PR's, they just trust the Copilot comments and approve. So far, nothing has broken. Any other teams doing it like this?

34.78 BILLION with a "B" !!!! Only 3.3 Billion left to use in revolving debt . Think about that ! They still hang on to the idea of sending a huge amount of money to Tulsa operations . Other airlines farm out maintenance and don't have to pay for health insurance , retirement , costly union rules etc . One twister in Tulsa could wreck the maintenance system of the airline for years . Playing Russian roulette ... Is Tulsa an asset or a drain ???

I have a necessary surgery that needs me to be on 6 to 8 weeks short term disability leave. Would that put me at risk for layoff after I return from medical leave?

Oracle is the only major hyperscaler funding its AI buildout with massive debt and deeply negative cash flow (compared to cash-rich peers like Microsoft, Amazon, and Google) If backlog conversion stalls or financing terms tighten, the leverage introduces extreme risk

if your position is not business critical, the business has no reason to reject your VSP application. business critical positions have already been identified.

why did everyone get the VSP? simple... to reduce the risk of discrimination claims.

the only way your VSP application is getting denied is if the elimination of your position will increase risk for the business or if too many people on your team applied. it will not get denied because your PL wants to keep you here (those words came from my PL). if the work can be redistributed to your team, it will be.

someone on my team applied for the VSP and the discussion of how their work is going to be redistributed has already been had. those of us who are staying will have to prepare for things to get a lot worse before they get better.

Another at&t data leak called FortiBleed. This one confirmed for the att.net domain on the tracking database at
https://www.hudsonrock.com/fortinet

Does CSO actually prevent anything or does baich just act like he knows cyber from PLE classes? Wonder how much this one will cost us with customer monitoring for exposures?

Was in the calendar for 23 June, now to be “rescheduled following quarter end close”. Probably waiting to see who’s still here to do the presentation.

I don't think this run up has much more to go. Maybe a little, but it's a lot of risk, especially after seeing how quickly it can drop. I started working at Micron (Boise) in 2004 and just recently quit. I remember looking at the stock price history after I started working there and looking at the run up to 2001 and thinking "of course it was going to come crashing down." Now, I want all of you to look at Micron stock now, and set the timeline to MAX. Compare where it is now to where it was in 2001. even if you adjust the chart to inflation, it still shows a massive bubble. All I'm saying is I wouldn't be long on this stock. I'm predicting a bubble burst in October AT THE LATEST. We'll see if I'm right.

As the following article concludes, Oracle has debt obligations around a quarter of a billion dollars.

What is the interest on that amount?
Does everything have to happen perfectly for 15 years to pay that off?
What is plan B?

https://finance.yahoo.com/markets/stocks/articles/oracle-debt-fever-only-prescription-140741343.html

General Motors produces profitable pickup trucks at its Flint Assembly Plant. This plant relies on daily axle deliveries for production. A strike at an American Axle facility threatens these critical shipments. Union workers initiated the strike on May 31. This disruption could significantly jeopardize General Motors' profits.

Detroit, Michigan

https://www.freep.com/story/money/cars/general-motors/2026/06/08/american-axle-strike-could-put-gm-heavy-truck-output-in-jeopardy/90375511007/

https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3579174

https://www.reddit.com/r/WellsFargoBank/comments/1u16z4e/wells_fargo_fraud/

Big changes in merrill banking. Word on the street is no more banking quotas monthly for 2026. The new scorecard is radically different suggesting concern over the pressure to open more and more and more accounts. Now the bankers are judged solely on risk and accuracy.
Looks like some freedom fighter took the charge to the Bull, and a RIGHT hook from the disgruntled base connected

thoughts on this?

I'm interviewing in Richfield for a role. How is BBY doing? Do they layoff often? Which departments are are risk?

We need more thinning of the herd.

I see we just farmed out 10% of our Trinidad block to Oxy. I have wondered for a long time what the point of this and OBO is. I understand the idea of risk sharing but how are we supposed to have better returns than our competitors when so many of the projects we do are with them? Wouldn’t it be better for us to do 100% out own projects?