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Aust dollar lower ahead of RBA

Local currency loses lustre as bets on central bank rate cut stack up.

WWE News: Possible Reason Why CM Punk Never Outsold John Cena In Merchandise Sales After 2011

In July of 2011, CM Punk became one of the most popular WWE superstars of all-time. After a 5-star match with John Cena at Money in the Bank, Punk cemented his legacy. At that time, it was only the beginning for Punk and his ascension to the top of WWE. Show More Summary

Economists React: China Rate Cut Effects Likely Muted, Reforms in Focus

China’s central bank cut interest rates for the second time in less than four months, days ahead of the opening of its annual national legislative session, in an apparent move to boost market sentiment and juice slowing economic gro...

Is the Government Mandating Incompetent Banking?

(John Hinderaker) For years, I heard from my friends in the banking industry that the government was requiring them to make bad loans. They could stand it, on account of Freddie and Fannie taking the risk off their hands and transferring it to the taxpayers, at least as far as mortgages were concerned, although the bad loans didn’t end there. Show More Summary

Mr. White Sox, Minnie Minoso, departs five weeks after Mr. Cub

A year barely two months old has ripped twice at Chicago's heart. As word spread Sunday that Minnie Minoso had died, conversations turned back five-plus weeks to the loss of Ernie Banks.

My life as a female, or 50 shades of Bruce jenner

Been distracted of late. Obviously my dissertation on modern fly tying and its reliance on synthetics has raised the hackles of organized crime, as my identity has been besieged ever since. First it was all of my banking that was shifted to Anaheim, California. Show More Summary

Are Central Banks Creating Deflation?

Last week we noted that with the start of Q€ just around the corner, the ECB finds itself in a rather absurd situation. In what we called the ultimate easy money paradox (or, alternatively, the ultimate Keynesian boondoggle), Mario Draghi...Show More Summary

Austria "Bad Bank" Goes Bad, $8.5 Billion "Bail-In" Underway

This entire notion that you can take bad assets from a bank and put them in a "bad bank" to make everything well, is ridiculous. Today we see yet another failure of the construct.Reuters reports Austria Imposes Debt Moratorium on Heta...Show More Summary

What is Lender Paid Mortgage Insurance?

Mortgage insurance is basically an insurance policy for the bank for loans that have a loan-to-value ratio higher than 80 percent. These loans are considered riskier for banks because they are defaulted on more often than not. A higher...Show More Summary

More Flash Crashes To Come As Shadow Banking Liquidity Collapses

Remember the algo-ignited, six sigma anomaly that sent 10-year yields down 30 bps in seemingly no time flat on the morning of October 15? Well despite the CFTC’s contention that it was “just a high volume day” without “any break in liquidity,”...Show More Summary

Doral Financial in Puerto Rico Is (FINALLY) Shut Down by Regulators

``Doral Financial, the troubled Puerto Rico bank that was once a darling of Wall Street before becoming known as a political pariah on the island, has been shut down by banking regulators. The Federal Deposit Insurance Corporation expects...Show More Summary

DataRoom AM: NAB's action plan

National Australia Bank is reportedly considering auctioning off MLC’s life insurance division, while a Canadian pension fund joins the race for Crown Castle Australia.

How the Government "Cut the Profitability of Banking Roughly in Half"

According to former Treasury Secretary Timothy Geithner, the average bank is roughly half as profitable today as it was before the financial crisis of 2008-2009.

Weekend Box Office: Focus Banks Blurry Number One, American Sniper Just Misses The Mark

It was rough going this weekend for Will Smith's latest offering. Although the movie came in at number one, that was due to the slowness of the February box office doldrums than a massive audience turn out. At $19 million, Focus isn't...Show More Summary

DeAndre Jordan practices free throws by trying to bank them in

This seems not ideal. DeAndre Jordan's free throw struggles have been a major talking point this season: He's shooting a dismal 41 percent from the line, but he's so good at everything else -- shooting 72 percent from the field, averaging...Show More Summary

Chase announces over 1M wallets provisioned on Apple Pay

As part of JP Morgan Chase's 2015 Investor Day on Tuesday, the bank went over statistics relating to its credit card business, announcing it has provisioned over one million wallets on Apple's fledgling Apple Pay mobile payments service.

Unexpected Military Drill Held in West Bank by Israeli Armed Forces

The Israeli military mobilized some 13,000 soldiers for an unexpected drill on Sunday in the occupied West Bank.

"Spectacular Developments" In Austria: Bail-In Arrives After €7.6 Billion "Bad Bank" Capital Hole Discovered

Slowly, all the lies of the "recovery", all the skeletons in the closet, and all the bodies swept under the rug are emerging. Moments ago, Austrian ORF reported that there have been "spectacular developments" in the case of the HypoShow More Summary

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