alt Hacker NewsBanks have zero appetite for taking any operating responsibility for these firms and will work tirelessly to get them off their books ASAP.
Banks have zero appetite for taking any operating responsibility for these firms and will work tirelessly to get them off their books ASAP.
In at least the US and EU but probably elsewhere, the asset categories of banks are tightly regulated as well. They can have transient ownership of anything but there are hard limits on what portion of their assets can be indefinitely tied up in nonbanking businesses that they are operating on their own behalf.