A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums

A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums

The New York Times - Business:

Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.

This post first appeared in The New York Times - Business. Read the original article.