Forget Wimbledon and tourist attractions such as the Roman Coliseum, U.S. investors are flocking to Europe to pursue lucrative opportunities in the non-performing loan (NPL) market. Loan sales during the first half of the year reached €40.9 billion ($55.5 billion)―a 611 percent spike compared to the same period a year ago. And American buyers are leading the charge. U.S. private equity firms such as Blackstone and Cerberus accounted for three-fourths of that buying activity, according ...

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