Apollo took bearish software view with bets against corporate debt
Private capital giant shorted loans and cut exposure to sector amid concerns over threat from AI
Is now really a good time to start investing?
Government begins push to create a ‘nation of investors’ as AI bubble fears intensify
Bonus season might see traders lose out again
Sales and trading businesses of banks have a structural problem in claiming share of incentive pool
London’s private members’ club scene is growing. Just don’t call them clubs
Undeterred by reports of an exodus of the wealthy from the UK, a new breed of institution is opening its doors
Regulators intervene over Euronext’s plans for ETF settlement
Proposal had provoked backlash from Euroclear and industry over potential for higher costs
US prosecutors probe last-ditch funding pleas before First Brands collapsed
Potential violations of securities, bank and wire fraud laws under scrutiny in failure of car parts maker
Jamie Dimon signals support for Kevin Warsh in Fed chair race
JPMorgan CEO says Kevin Hassett would be more likely to back Donald Trump’s calls for interest rate cuts
IFDP Paper: To Cap or Not to Cap? Energy Crises in a Currency Union
Momo KomatsuDuring the energy crisis in 2022 some Euro Area countries introduced price caps on energy, while others did not, leading to about 30 percentage points higher energy inflation in uncapped countries. This paper investigates the trade-offs policymakers face with energy price caps in a two-country currency union model with shared energy supply. The cooperative, optimal outcome is for neither country to impose a price cap, since the cap is a costly market distortion.
IFDP Paper: Decoupling Dollar and Treasury Privilege
Wenxin Du, Ritt Keerati, and Jesse SchregerWe document a strong decoupling between the convenience yield on the US Dollar and US Treasuries. We measure the convenience of the U.S. dollar using covered interest parity (CIP) deviations between risk-free bank rates, such as secured overnight rates since the benchmark reform. In parallel, we measure the convenience of U.S. Treasury bonds through CIP deviations between government bond yields.
Hedge fund Mason Capital seeks to resolve legal dispute over US gas driller
Firm willing to buy Ascent Resources to head off fight between Abu Dhabi fund and US private equity group
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