RICH PICKINGS: Billionaires who buy banks

In the wake of the GFC, the distressed global banking industry has emerged as a hot target for a group of brave-hearted billionaires.

Billionaires love sniffing around for bargains and there's no better time to do that than during a downturn, when assets – and in some cases entire industries – can become distressed.

Of course, there are distressed industries and then there are those that are downright tormented. Even the most canny billionaire bargain hunter thinks twice about diving into those areas.


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