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Banks go on offensive over capital levels

Barclays Sign

For 15 years banks, in most instances, chose their capital levels; now an agency of the state decides. So said Paul Tucker, deputy governor of the Bank of England, Tuesday in a timely reminder of how regulation is meant to work.

Investment banks eye 'hedge funds for masses'

Hedge Fund

Several investment banks are said to be eyeing the launch of hedge funds for retail investors with minimum investments as low as $1,000 following the launch of a Goldman Sachs fund in May that raised $58 million in less than two months.

Hong Kong on track to regain IPO sizzle

Hong Kong

Hong Kong is on its way to regain its position as one of the world's hottest initial public offering (IPO) markets this year after hitting a four-year slump in 2012, according to data from consultancy firm PricewaterhouseCoopers (PwC).