FURTHER WEEKEND READING
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Paul Tucker, one of the Bank of England’s deputy governors, is to leave a little early. From his letter:
I am grateful to you for agreeing that I should step down slightly before the end of my term as a Deputy Governor of the Bank of England but after I have been able to provide support to the new Governor in his first few months in office. As a member of the G20 Financial Stability Board, I have worked closely with Mark Carney for many years and I look forward to supporting him as he arrives at the Bank.
Live markets commentary from FT.com
Turkish PM steps back from confrontation with protesters || Bond sales dry up as interest rates rise || Fear Hester exit will speed RBS defections || LNG trade falls for first time in 30 years || Iran supreme leader urges large turnout in presidential elections || House prices in England and Wales top pre-credit crunch high || Rupert Murdoch filed for divorce || Ashley Bacon is JPMorgan’s new head of risk || “Naturally occurring” human genes cannot be patented, the Supreme Court ruled || Brazil acts after real hits four-year low || Hopes for G8 trade and tax deals dented || Germany seeks to halt EU-Turkey talks over handling of protests|| Markets wrap || FTAV’s latest Read more
And so FT Alphaville comes across “TENDER OFFER MEMORANDUM — INVITATION FOR TENDER IN RESPECT OF BONDS OF THE HELLENIC REPUBLIC”: the official launch of Japonica Partners’ eye-catching attempt to buy up to 10 per cent of Greece’s restructured bonds, in a kind of Dutch auction.
And there’s one very important point here. Read more