Greece Fights to Unlock Aid as Impasse Risks Political Unrest (Bloomberg)
Greece returns to center stage on Monday when aid deliberations by its international creditors will signal whether the country faces a renewed period of political drift or wins some economic breathing space after six years of turbulence. The euro area and the International Monetary Fund will assess whether Greek Prime Minister Alexis Tsipras has made enough budget-tightening commitments to gain another aid disbursement. At issue is an IMF demand for fiscal “contingency measures” worth about 3.5 billion euros ($4 billion) in case Greece strays off budgetary course. Such a package, equal to 2 percent of Greece’s gross domestic product, is politically thorny for a premier who promised voters he’d oppose any extra austerity and who governs with a three-seat parliamentary majority.
Financial Sector Gives Clinton Boost (WSJ)
The Democratic front-runner has raised $4.2 million in total from Wall Street, $344,000 of which was contributed in March alone. According to a Wall Street Journal analysis of fundraising data provided by the nonpartisan Center for Responsive Politics, the former secretary of state received 53% of the donations from Wall Street in March, up from 32% last year and 33% in January through February, as the nominating contests began.
Bob Diamond Says Atlas Mara Close to Buying Another African Bank (Bloomberg)
Atlas Mara Ltd., the African finance company co-founded by former Barclays Plc boss Bob Diamond, is close to buying another bank on the continent. The target is in one of seven African countries where Atlas Mara already owns a lender, Diamond said at the London Business School’s Africa Business Summit on Saturday. He declined to say whether the target was Barclays’ African unit, after disclosing last month that his company was in talks to acquire that business...Diamond said his growth plans were underpinned by expectations that Africa would be the biggest driver of economic growth globally over the next 25 years, supplanting China, which is slowing down.
Bribery Still Rife as 80 Percent of Executives Admit Seeing It (Bloomberg)
In a survey of 500 executives from companies located in 12 countries, 59 percent of executives said their anti-bribery policies didn’t work and 87 percent believed the policies made it more difficult to build their business, according to the report from U.K. law firm Eversheds. Thirty-three percent of those asked said they didn’t do due diligence on anti-bribery measures when exploring mergers and acquisitions.
2,000 pigeons to fly over East River fitted with LED lights (UPI)
An artist is planning to release about 2,000 pigeons fitted with LED lights over New York's East River. Boston artist Duke Riley's public art project "Fly By Night" features thousands of specially trained pigeons circling above the East River on weekends from May 7 to June 12. Riley developed a connection with pigeons after rescuing one as a young boy and many of the birds involved in the project come from his personal flock.
Windfall for Central Banks Fuels Political Pressure (WSJ)
The U.S. Treasury collected almost $100 billion from the Federal Reserve in each of the past two years, more than three times its average annual haul in the three years before the 2008 financial crisis. In Greece, the central bank sent €1.15 billion ($1.31 billion) to the government this year, after making by far its largest profit since at least 2001. Ireland’s government just scooped €1.8 billion from the central bank after a record profit.
Billionaire Bonderman Family Steps into Activism Fray (Dealbook)
Wildcat Capital — which manages $1.79 billion for David Bonderman, the founding partner of the private equity firm TPG Capital, and his family – is seeking a corporate-governance overhaul at Sorrento Therapeutics, a developer of cancer treatments based in San Diego. The stock of Sorrrento, a biotech company, has plummeted more than 75 percent since July, to a $220 million market valuation. The move is an uncommon one for a family office, which is a professional investment manager for a wealthy family.
Winning Powerball Ticket Worth $429M Sold in New Jersey (Bloomberg)
Only one ticket matched all six numbers in Saturday night's drawing for a $429.6 million jackpot, said Powerball spokeswoman Kelly Cripe, and New Jersey lottery officials said Sunday it was sold at a 7-Eleven store in Trenton. The winning Powerball numbers were 5-25-26-44-66 and the Powerball number was 9.
"I Tried To Rip His Balls Off," Woman Confesses (TSG)
The victim told investigators that he initially got into a “verbal altercation” with Rosaire Francois, 28, as they traveled in a car en route to their apartment in Ellenton. When the squabbling couple arrived home, the man told police, he attempted to take a shower. However, the report notes, he was interrupted by Francois, who “kicked in the bathroom door and grabbed the victim by his testicles.” The altercation, police say, “then moved to the kitchen, where the offender grabbed the victim by the testicles and scratched the victim’s face.” When cops arrived at the home, Francois reportedly made no bones about her intentions during the domestic scuffle. “I tried to rip his balls off,” she said, according to police.