EU unveils push for non-bank lending to end slump

The EU's financial services chief unveiled a wide array of measures Wednesday to encourage non-bank lending across Europe in a bid to reboot slumping investment that is threatening economic growth. The so-called Capital Markets Union plan is launched as only about a third of business lending in the EU comes from the non-banking sector, such as stocks and bonds, far short of the 70 percent in the United States. "I want the Capital Markets Union to help European businesses... have a wider range of