Chanticleer
The solution to the bank lending pull-back may be in the mirror
Simple bank loans are becoming like luxury goods as the regulators force major lenders to de-risk. The $1 trillion private capital giant Apollo thinks you – yes, you – can be part of the solution.
Worried about bank loans turning into luxury items? The solution may be in your hands – or at least your superannuation savings.
That was the underlying message that Apollo Global Management’s co-president Jim Zelter pitched in Melbourne last week, telling the good and great of Australia’s $3.5 trillion super industry they are perfectly placed to help fill the gap left by banks that have been forced to limit their lending by regulation and, in some cases, poor returns.
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