How the tides have turned. U.S. financial firms are taking advantage of the eurozone's debt...

|By:, SA News Editor

How the tides have turned. U.S. financial firms are taking advantage of the eurozone's debt crisis to pick up assets owned by cash-strapped regional banks. European financial institutions may shed as much as $3T in assets over the next 18 months. Deals are likely to spike ahead of the June deadline for European banks to raise more than €114B in new capital.