JP Morgan

With an increased majority, the ruling party ND (New Democracy) and PASOK-KINAL voted for the Ministry of Finance and National Economy’s bill “Ratification of the 18.7.2024 Merger and Investment Agreement between the Hellenic Financial Stability Fund and the limited liability company THRIVEST HOLDING LTD” for the merger of Attica Bank with Pancreta Bank in the plenary session.

Following the promising June CPI print, international banks have started to lower their inflation expectations for Türkiye.

Last month, consumer prices increased by 1.64 percent from May, which was lower than expected. The annual inflation rate slowed from 75.45 percent to 71.6 percent.

Wall Street bank JP Morgan and Greek fintech boss Haris Karonis both claimed success on Thursday in a London court battle over how to value a joint business, paving the way for its potential sale.

Armed by the surprise move from Standard & Poor's last Friday, upgrading Greece's outlook to "Positive," the Public Debt Management Agency is on Wednesday set to make its second major market foray for 2024, with a new 30-year bond.

Moody's decision against upgrading the Greek rating, and the JP Morgan report that Greece is not yet ready to join the developed markets poured cold water on expectation at the bourse in previous days and led to a significant decline in prices on Tuesday, at the opening of the stock market after the long weekend. Banks fared better thanks to the resilience of Eurobank and National. 

The Treasury has announced it raised a total of 2 billion euros through a euro-denominated bond issue, bringing the total borrowing in international markets this year to $5.2 billion.

Earlier this week, the Treasury mandated Deutsche Bank, HSBC, JP Morgan and Societe Generale for the bond due 2030.

The terms of JP Morgan’s investment allow them to assume full control of Viva if its value falls below a certain threshold by June 2025

What the company said in a statement in the wake of the FT's report about a lawsuit swap between Harry Karonis and JP Morgan

Eyes will be on Fatih Karahan, who took the helm of the Turkish Central Bank last week, as he is set to present the banks' first quarterly inflation report of 2024 on Feb. 8.

Prime Minister Kyriakos Mitsotakis has had to cancel a planned visit to the United States after coming down with flu, government spokesman Pavlos Marinakis confirmed on Tuesday.