Wall Street Journal (April 22)
2024/ 04/ 24 by jd in Global News
Giant investment companies like Blackstone, Franklin Templeton, BlackRock and KKR “are taking over the financial system.” They now “control sums rivaling the economies of many large countries. They are pushing into new businesses, blurring the lines that define who does what on Wall Street and nudging once-dominant banks toward the sidelines.” Their outsize roles are, according to investors, creating “risks markets have never encountered before.”
Tags: Banks, BlackRock. KKR, Blackstone, Blurring lines, Countries, Financial system, Franklin Templeton, Investment, Investors, Markets, Risks, Sidelines, Wall Street
