Jun 5, 2018

Report: Dennis Rodman will be in Singapore for Trump-Kim summit

Rodman arrives in Beijing from North Korea in 2013. Photo: Wang Zhao/AFP/Getty Images

Former NBA star Dennis Rodman, one of the few westerners to have met face-to-face with Kim Jong-un, plans to be in Singapore when the North Korean president meets with President Trump on June 12, the New York Post reports.

Between the lines: As a two-time Celebrity Apprentice contestant, Rodman has a relationship with both leaders. Still, the U.S. delegation is unlikely to want a controversial ex-basketball player having a high-profile diplomatic role. Rodman's rep told the Post his plans haven't been finalized, and "he’s just happy it’s happening. He’s just hoping for a great historic outcome."

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Situational awareness

Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.