In a world awash with cash waiting to be put to good use, dollars seep into every crack and pool in unusual places.

A global boom in mergers and acquisitions and leveraged buyouts is perhaps the most obvious sign of the liquidity glut that may be in its last stages. But in the banking industry, where legal and regulatory restrictions sharply limit credible bidders, the collision of dollars looking for purpose and opportunity looking for dollars has taken on a decidedly entrepreneurial bent.

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