That means more presidential announcements in the weeks to come. Democrats believe this works for the party. “In addition, we do not expect this to be the end of the bank bashing. For the mega banks, this is a horrible political position and it. “Democrats appear intent on forcing Republicans to rush to the defense of the mega banks or to accept onerous limits on their activities. “The political climate for the mega banks is getting worse by the day,” said Jaret Seiberg, a financial services policy analyst at investment advisory firm Concept Capital. That political tide will make Republicans’ loyalty to Wall Street increasingly untenable as November’s mid-term elections approach, driving them toward accepting some reforms to avoid being painted as obstructionists by the Democrats.Īs tempting as it will be for Democrats to follow that political logic to its end, the need for the administration to go into November with an achievement also points to compromise and, likely by this summer, financial regulation reform. The three-part Obama plan would limit the size of banks, restrict their proprietary trading, and sever their ties to hedge funds and private equity - all strategies rooted in a government push to reduce risk and close regulatory gaps. The White House’s proposals can only hurry that along. Combined with a tightening regulatory regime, the sector is set for structural change. Longer term, large financial firms face profit pressures from higher capital standards as soon as 2012. and believe that a sell off following a new government plan to punish the banks creates a buying opportunity.” “Thus, we continue to favor many large cap banks. which causes a day or two sell off, followed by a renewed rally as investors look beyond government plans,” said Frederick Cannon, an analyst at investment firm Keefe Bruyette & Woods. “The government seems to have a weekly plan. On Friday, they were down again with the broad KBW Banks index off about 2.5 percent, but still up strongly from the depths of March 2009. Select the best result to find their address, phone number, relatives, and public records. Registration Info:Ĭheck the background of this investment professional on FINRA’s BrokerCheck.Bank stocks fell sharply on Thursday when Obama announced his latest plan. As the new Chief Legal Officer, Kevin Miller joins Sanctuary from Carson Group, a family of fast-growing wealth management firms with more than 20 billion in client assets and 140 offices. Kevin Miller We found 100+ records for Kevin Miller in ND, KY and 48 other states. ![]() In his free time, Kevin is an avid fan of New York sports, live music, and triathlon training. He has over 18 years experience advising government, public companies, and private companies on ICFR, SOC, technology and cyber risk. He currently lives in New York City and holds Series 7 and 66 securities licenses. Kevin is a seasoned IT and Business Risk leader. in Global Management (International Business). Kevin graduated from Bucknell University in 2015 with a B.S. Prior to NewEdge, Kevin joined the foundational NewEdge Wealth team back at UBS following his completion of the firm’s two-year analyst program, during which he rotated through a variety of the bank’s investment product and advisory desks including fixed income sales, equity research, and ultra high net worth portfolio advisory. Kevin also manages a discretionary structured products portfolio as part of the firm’s suite of proprietary strategy offerings. Kevin works closely with clients to develop and manage customized portfolios that incorporate a wide variety of investment solutions catered to meet their financial objectives. His responsibilities include investment due diligence and implementation, asset allocation, portfolio construction, macroeconomic research, portfolio review, and analytics. ![]() Kevin is a member of our Investment Committee, overseeing the team’s investment management research and portfolio construction processes.
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