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The banks' great private equity sell-off

Banks, spooked by the Volcker Rule, are increasingly considering offloading their buyout arms - but what could come up for sale?

A growing number of Europe's largest banks are pushing ahead with plans to dispose of their private equity interests. But just what could be on the block?

Last Friday, HSBC said that it intends to sell its private equity divisions in Canada, Hong Kong, the Middle East, the UK and the USA, to the funds' management teams. The disposals are partly motivated by regulatory pressure on private equity investments.

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