Hints and tips:
...Lee Bok-hyun, governor of the Financial Supervisory Service, said he believed Seoul has met most of the conditions required by the index compiler after the government eased certain rules....
...Derek Bok, Harvard’s longest-serving living president, who ran the university from 1971 to 1991 and again from 2006 to 2007, told the Financial Times: “Letting in people because their parents are rich and...
...The financial industry association also declined to comment....
...Alumni pressure helped trigger a shake-up leading to the resignation of Scott Bok as chair of the board of trustees, and the departure of Liz Magill as president after she struggled at a congressional hearing...
...“Investors basically invest at their own risk, but the financial firms will have to take responsibility for their acts if they neglected their duty of protecting customers,” said FSS governor Lee Bok-hyun...
...Bok’s day job at Greenhill would also become part of the controversy....
...Scott Bok, the chair and chief executive of Greenhill & Co, is set to collect as much as $78mn in payouts as a result of the boutique bank’s $550mn sale to Japan’s Mizuho Financial Group....
...“Their investment patterns are highly risky so we are cracking down on leveraged buying and margin call risks,” said Lee Bok-hyun, governor of the Financial Supervisory Service....
...How Greenhill’s Scott Bok scored a $78mn payday Know when to hold ‘em, know when to fold ‘em, sang the crooner Kenny Rogers. Scott Bok knows this rule of thumb well....
...Several Palestinian students approached by the Financial Times did not respond or declined to comment....
...Scott Bok, Greenhill’s chair and chief executive, stands to collect as much as $78mn in payouts as a result of the deal with Mizuho....
...“Our firm was a pioneer in the concept of the publicly traded independent investment bank, and that format served us well for many years,” said Scott Bok, the chair and chief executive of Greenhill....
...The deal will generate a $78mn windfall payout for the boutique bank’s chief executive, Scott Bok, but will also fill what analysts said was an obvious gap in Mizuho’s US deal advisory expertise....
...After the general meeting, KT&G’s chief Baek Bok-in said the company would strive to join the “global top tier” through long-term growth-driven investments and aggressive overseas expansion....
...“You’re getting a lot of hedge fund liquidation,” said Dennis Kissler, senior vice-president of trading at BOK Financial, an Oklahoma bank....
...Economists expect the BoK’s quarter-point rise in its policy rate to 3.5 per cent earlier this month to mark the end of its 17-month tightening cycle and to consider starting a rate cut later this year....
...The BoK’s monetary policy committee will convene on August 25....
...The BoK is in talks with the Fed for a possible currency swap deal to ease the downward pressure on the won....
...The BoK and the NPS declined to comment on the reports....
...The policy rate was raised to 2.25 per cent, as widely expected by economists, after South Korea’s inflation rate quickened to its fastest pace since the 1998 Asian financial crisis....
...South Korean inflation quickened to its fastest pace since the 1998 Asian financial crisis, increasing the likelihood that the Bank of Korea will deliver a half-point rate rise for the first time next week...
...Financial....
...The BoK raised its policy rate by 25 basis points to 3.5 per cent on Friday, but economists predict the tightening cycle may be coming to an end....
...The weakness of the Korean won will also be an important factor in the BoK’s rate decision....
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