The banks’ own caution about lending is opening the door to non-bank finance, something that’s already more common in the US than in Europe.

Do we really need the banks? After all the pain that we have taken to save them, the answer must surely be “yes”, but in reality, it’s more lik(...)

A water display on the Liffey by the Dublin Port tugs after the signing of a contract by Gaelectric Holdings to co-develop three Irish wind farms in 2011. Stockholm-based Proventus recently loaned €65 million to green energy developer Gaelectric. Photograph: Dara Mac Dónaill

Swedish corporate financier Proventus, whose backers include the Nobel Foundation, is seeking to invest up to €100 million in individual Irish (...)