Banks Are Losing Control—Private Lending Hits 15% | Andy Schectman
Sarah Westall
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While the world is distracted by war, the real transformation is happening inside the global financial system.

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Andy Schectman returns for the Friday Night Economic Review to break down the accelerating shift away from traditional banking. Private lending has surged past 15% of the market, taking share directly from banks—and potentially driving recent moves to loosen banking regulations, freeing up over $60 billion in new lending power, while increasing systemic risk.

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At the same time, private equity is abandoning software and SaaS in favor of hard assets like energy, telecom, physical metals and other hard assets—signaling a major pivot toward infrastructure and control of real-world systems.

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This is a deep, no-nonsense discussion on where capital is moving, why it matters, and what it signals about the true direction of the global economy.

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