Goldman Looks Overseas Amid Derivative Trading Rules

Goldman Sachs (GS) units have gained a banking license in Hong Kong and additional access to funding in the United Kingdom, as the New York-based investment bank looks for ways to book trades through local subsidiaries. Investment banks have been establishing new subsidiaries in overseas markets as post-crisis regulations have forced them to change where their over-the-counter derivatives transactions are recorded. On Wednesday, the Hong Kong

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