Non-Banks Dominate Global Finance, Hiding Risks

As the year 2025 draws to a close, a significant financial shift has occurred: non-bank firms now hold over half of global financial assets, a staggering $257 trillion. This shift, driven by strict bank regulations post-2008 crisis, has pushed risks into private equity and credit markets. BPs sale of Castrol lubricants to Stonepeak for $6 billion, despite activist pressure, is a prime example. Meanwhile, UK lender International Personal Finance was bought out by BasePoint for a mere 7% premium, highlighting the private equitys appetite for undervalued UK firms. A cautionary tale comes from tech, with Googles Waymo driverless taxis stranded in San Francisco due to a power outage, underscoring the risks in unregulated spaces. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.