Blackstone (BX) and Wells Fargo (WFC) take advantage of Allied Irish Banks' (AIB) need to raise...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Blackstone (BX) and Wells Fargo (WFC) take advantage of Allied Irish Banks' (AIB) need to raise capital by purchasing the lender's $1B U.S. loan portfolio at a discount. The sharks are also swimming around Anglo Irish Bank which is under pressure to unload its $10B U.S. book.