Wall Street set for bumper $140mn payday from SK Hynix listing
Secondary US listing of trillion-dollar South Korean chipmaker expected to be one of largest public offerings in history
CPI decelerates to 4.4% YoY in June, housing costs up 10.6%
Greece’s Consumer Price Index (CPI) growth modestly decelerated in June with a rise of 4.4 percent year-on-year (YoY), from 5.2 percent in the previous month, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
Government and opposition clash over NATO summit outcomes
The Ankara NATO summit has produced sharply divergent readings in Athens, with the government presenting PM Kyriakos Mitsotakis's performance as a firm defence of national interests and the opposition arguing it exposed the failure of Greece's "calm waters" approach toward Turkey.
A theory of bank liquidity requirements
We develop a general equilibrium theory of financial intermediation and its implications for liquidity regulation. The model is built around an agency problem arising from leveraged intermediation: banks finance loan origination with deposits and face moral hazard in risk management, while holding cash mitigates these incentives at the cost of foregone investment returns. Liquidity demand therefore emerges endogenously from incentive considerations rather than from exposure to exogenous funding shocks.
Greece measured on Turkey’s F‑35 hopes as it highlights enduring security concerns at NATO summit
From Greece’s perspective, the NATO Summit in Ankara that concluded on Wednesday delivered a mixed but strategically important outcome.
Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
Greece’s trade deficit continued its sharp decline in May with a 15.7 percent year-on-year (YoY) drop, after a fall of 25.2 percent in April, according to data released by ELSTAT on Wednesday.
The superstar banker pay problem
New York’s boutique investment banks are consistently spending more than the 60% industry benchmark on staff
TPG and Blackstone seek more than $4bn for Hologic unit to unlock cash
Private equity groups look to pay down debt and repay investors from one of last year’s biggest leveraged buyouts
Private assets could work for retail investors — at the right price
Complexity, opacity and liquidity issues are surmountable, but there is a more important barrier: fees
Why AI financial advisers have a leg-up on their old-world rivals
This isn’t a simple case of fusty incumbents disrupted by novel technology
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