Seeking Alpha

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

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.
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