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Europe banks head for Asia to boost capital

They seek to diversify funding amid higher capital issuance requirements at home

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European banks are heading to Asia for capital as new rules at home demand they sell more than US$1 trillion of equity and subordinated debt to increase loss buffers.

Singapore

EUROPEAN banks are heading to Asia for capital as new rules at home demand they sell more than US$1 trillion of equity and subordinated debt to increase loss buffers.

French and German lenders have sold the equivalent of US$1.8 billion in notes that act as a cushion in