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UK Banks Need to Raise $38 Billion: Bank of England

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U.K. banks will be need to raise an extra 25 billion pounds ($38 billion), the Bank of England's Financial Policy Committee (FPC) said on Wednesday, detailing the capital shortfall facing the country's financial institutions.



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People News: SocGen, Point72.

Societe Generale’s head of structured products for the Americas is shifting to another role within the bank, and at least two other team members in the U.S. are leaving amid a reorganization.