Treasury to delay bank overhaul - papers

The long-awaited White Paper on financial regulation, due to be published on Wednesday, will offer no firm proposals on how authorities will control banks' balance sheets to avoid future crises, The Daily Telegraph reports. Although it will indicate that the Government needs so-called macro-prudential tools to control the financial system, it will present topics for discussion rather than hard-and-fast new laws. Full story Hedge funds enjoyed a bonanza in May with gains at a nine-year high, according to industry figures released today, says The Guardian. A strong rise in stock val...