Crippled by bad loans and regulatory restraints, European banks are ceding ground to firms like Blackstone and others that can lend money like a bank but are not scrutinized as such, the New York Times reports.
Crippled by bad loans and regulatory restraints, European banks are ceding ground to firms like Blackstone and others that can lend money like a bank but are not scrutinized as such, the New York Times reports.