Schwarzman Says Blackstone in Talks on Regional Bank Assets

The video discusses the challenges and opportunities for regional banks, particularly in the context of regulatory pressures and market changes. Blackstone sees a chance to expand its credit business by partnering with these banks, which are under pressure to manage their balance sheets. The discussion highlights the significant role of non-money center banks in real estate lending and the potential economic impact if their lending capacity is reduced. Blackstone aims to fill the gap left by these banks, supporting economic growth amidst the constant changes in the financial landscape.

What does the speaker mean by a 'golden age' for their credit business?

In what ways can firms like Blackstone help the economy amidst challenges faced by regional banks?