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HSBC may slow hiring in China

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HSBC may slow the pace of hiring in China’s Pearl River Delta amid a market rout and cooling growth in the world’s second-largest economy, Chief Executive Officer Stuart Gulliver said.

Banking experts slam Vickers over capital buffers

Sir John Vickers

Banking experts have questioned Sir John Vickers’s claims that the Bank of England is not doing enough to shore up the British banking industry, saying more capital requirements for lenders would hurt the real economy.

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People News: UBS, Wells Fargo

UBS’s head of energy investment banking for Europe, the Middle East and Africa, Michael Hafner, has left the bank, according to a person familiar with the matter.

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UBS in legal set-back

A UBS unit was found by a federal judge to have violated some contracts with mortgage-backed securities trusts that hold loans, putting it at risk of having to buy back more loans or pay damages in a $2bn lawsuit.