Franklin Square in the FT

Shadow banks step into the lending void

Warren Kanders can stop a bullet. He finds it harder to get a bank loan.
The chief executive of Safariland, a Florida-based manufacturer of body armour and riot helmets, says trying to get bank financing has become painful. “There’s a lot of people out there that could use money for productive purposes but the banks can’t lend the way they used to,” he says. “Personally, I think it’s a big reason why our economy isn’t doing as well as it should be.”
Read more here.