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FEB 11, 2013 - TheStreet

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European Banks Are Replaying U.S. Crisis, Carlyle Says

NEW YORK (TheStreet) -- European banks face a "massive" gap in the health of their balance sheets compared with U.S. peers, according to Olivier Sarkozy, head of the financial-services group at The Carlyle Group, which has been looking to buy assets from troubled institutions in the region. "The crisis that you saw in '08-'09 here in the United States is playing itself out frame for frame in Europe," Sarkozy told Bloomberg Television on Monday. "It's playing itself out in a calmer environment because regulators and politicians now understand what is at the heart of this issue but the math ... Read More

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