A shadow banking industry is changing the way companies borrow money
Cha Pornea for Business Insider What do the auction house Sotheby's, the shapewear maker Spanx, and the company behind Fender guitars have in common? They've all borrowed money from firms that lend like banks, earn interest like banks, and work with clients like banks — but aren't banks. For a…
#chapornea #sotheby #fenderguitars #bankofamerica #wellsfargo #greatrecession #blackstone #carlylegroup #arescapitalcorp #pitchbook