In case you missed these stories:
Rubin: Don’t blame me for Citi
Former US Treasury secretary Robert Rubin said the near-collapse of Citigroup, where he is a senior counsellor, was due to the buckling financial system and not his own mistakes, reported the WSJ.
Hedge funds sustain further blows
Hedge funds have been hit by a fresh wave of withdrawals as investors search for cash, prompting more funds to impose emergency measures to block repayment
Turquoise seeks additional funding
Turquoise, the alternative share trading platform, is in talks with “strategic investors” about fresh funding for the venture two months after it was launched to challenge Europe’s incumbent stock exchanges.
UK capital raising guidelines to be eased
Companies are set to gain more leeway from top institutional investors to raise funds without seeking shareholder votes, in a bid to speed up the process of raising capital, under changes to the Association of British Insurers’ guidelines for issues.