Banks rush to lend to buyout executives

Private banks are rushing into a surprising new market: lending to high-flying private equity executives who are strapped for cash to invest in their own funds. In Europe the market for lending to private equity executives is estimated to be about €1bn ($1.37bn), with HBOS, Citigroup and Royal Bank of Scotland among the banks involved. In the US market, thought to be bigger, JPMorgan, Deutsche Bank, Citigroup and RBS are said to be active.

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