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Opening Bell: 5.31.16

Banks retreat from global ambitions; Treasury eyes Deutsche Bank in auction rigging probe; Teenage Mutant Ninja Turtles' lair listed on AirBNB; and more.

Oprah -- Move Over, Beyonce ... My Lemonade is Fabulooouuus!

Oprah didn't get filthy rich by ignoring golden opportunities... which could explain why she's riding Beyonce's lemonade bandwagon straight to the bank. O recently made a move to expand merchandising rights of her personal "Oprah's" brand to…

Zimbabwe’s multi-currency system ‘here to stay’

Zimbabwe's central bank will start circulating local bank notes in October - but the country will also use the dollar and other foreign currencies. ||| Harare - Zimbabwe's central bank will start circulating local bank notes in October,...Show More Summary

Mobile banking: Standard Chartered eyes Africa

Standard Chartered moves to boost its presence in Africa at a time when some European banks are retreating from the continent. ||| London - Standard Chartered is to launch its mobile and online banking platform in eight African countries,...Show More Summary

Hedge funds are getting help from pollsters so they can place big bets on the EU Referendum

Hedge funds and banks are commissioning private opinion polls on voters' intentions in the upcoming EU referendum so they can trade on the result, according to the Financial Times. The paper reports that finance firms are commissioning exit polls on June 23, polling day, in a bid to try and get an early idea of which way the country will vote. Show More Summary

TV Club: Raw doesn’t even try to compete with the NBA and the NHL

WWE had a lot going for it heading into this week’s Raw. The return of Seth Rollins at Extreme Rules and the qualifying matchups for the Money In The Bank ladder match gave last week’s Raw a sense of purpose, and with John Cena set to make his return on Memorial Day, things were looking up. Show More Summary

Salameh: Lebanon’s interests dictate compliance with US laws over Hezbollah finances

Central Bank Governor  Riad Salameh reiterated  on Monday that Lebanon is obliged to abide by the recent U.S. law targeting Hezbollah’s finances. “The principle is very clear. We should respect the laws of the countries that we are dealing with and among them is the recent law in the United States. Lebanon is committed [to this […]

Here We Go Again: Wells Fargo Is Trying To Give Mortgages To Low-Income, Debt-Heavy Millennials Living At Home

Just last week we reported that Wells Fargo was reintroducing 3% down mortgages on its own, without going through the FHA. The reason we said, was that due to Wells' mortgage origination pipeline drying up, the bank was desperate toShow More Summary

Gio Gonzalez cuts his hair, the perils of Citizens Bank Park, and Dusty Baker on Memorial Day

Should we expect Bryce Harper to break out at one of his favorite hitters' parks? And, more importantly, what does former Marine Dusty Baker think about on Memorial Day?

More 4 Confused Everyone By Showing 'White Christmas' This May Bank Holiday

16 hours agoEntertainment / Music : NME

More 4 Confused Everyone By Showing 'White Christmas' This May Bank Holiday

Deal Alert: 20800mah Power Bank Dual USB + Flashlight just $18.99 (at time of this post)!

Thanks to a tip from a reader I found this impressive deal on really well reviewed 20800mah dual USB powerful batter brick <-LINK. I have not tested this one personally (yet) but love my personal 20k brick and use it just about every time I travel. Show More Summary

"An Unusual Number Of Known Unknowns" - These Are The Key Event Risks In June

One of the recurring concerns voiced by Bank of America's Michael Hartnett is that with May now in the rearview mirror, we are entering "the event risk month" of June (incidentally, over the weekend, the credit strategist presented several ideas how to trade said event risk, either bullish or bearish). Show More Summary

Reebok payouts for UFC Fight Night 88: Cody Garbrandt breaks the bank, scores whopping $2,500

UFC Fight Night 88 went down last night (Sun., May 29, 2016) inside Mandalay Bay Events Center in Las Vegas, Nevada, and now it's time to see who went home with the largest slice of the Reebok sponsorship pie. Jeremy Stephens was the...Show More Summary

Beyond The Minsky Moment: China's Ponzi Schemes Are Now Investing In Other Ponzi Schemes

The problem with China's Wealth Management Products, or WMPs, is not new: we have covered this pillar of China's shadow banking system on various occasions over the past three years, usually just before and after the time of the latest...Show More Summary

Bank Holiday Sounds

Aren't bank holidays brilliant? It's an extra day in the weekend to wallow in some new music from the Devil's blog...Chlorine - Bank HolidayI know very little about Chlorine (the band not the chemical although I know very little about...Show More Summary

When Brad Birkenfeld blew the whistle on HBS, the US government paid him $104M and sent him to jail

19 hours agoHumor / odd : Boing Boing

This interview with UBS whistleblower Brad Birkenfeld is as neat a case study in financial corruption as you could ask for: Birkenfeld's disclosures detailed 19,000 US tax evaders, including the bank's super-secretive list of "politically...Show More Summary

Why Passphrases Are Still Better than Passwords & Fingerprints

Remember the days when you set “password” as your password? Many still use such insanely insecure methods, but even the humble password has evolved. We now use passcodes or passphrases wherever we go. They unlock your online banking, games accounts, and devices. Show More Summary

Israeli Army Arrests 11 Terror Suspects in West Bank - Spokesman

The Israel Defense Forces (IDF) arrested 11 Palestinian terror suspects in the West Bank, IDF spokesman Peter Lerner said Monday.

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