Bloomberg Business

Billionaire Marc Lasry Sees More Money Leaving Regional Banks

Marc Lasry, the billionaire co-founder of Avenue Capital Group, said there’s little benefit for small businesses and other depositors to keep their money with regional banks instead of Wall Street giants — unless the Federal Reserve steps in.

Casino Shares, Bonds Point to Woe for Naouri Grocery Empire

Jean-Charles Naouri has defied skeptics for years by keeping control of his debt-fueled French grocery empire even as sales slumped and competition mounted. Investors are growing more convinced than ever that time is running out for the supermarket titan.

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