Press Releases
News & Commentaries
Archive

News & Commentaries

4/11/2013
Asset Manager Transaction Review - M&A Momentum Continues in First Quarter of 2013
Transaction activity among asset managers is off to a running start in 2013, driven by an uptick in divestitures by financial institutions parting with non-core asset management businesses and continuing deal activity involving independent sellers seeking strategic partners.
4/8/2013
A Letter to Our Clients
Our Senior Managing Principals reflect on the firm’s 25th anniversary, deep client relationships and continued focus on financial companies.
3/14/2013
Shifting Into Higher Gear - 2012 M&A Activity in the Asset Management Industry
Resurgent global equity markets delivered a measure of prosperity and a reason for optimism to investors and the asset managment sector in 2012. Both M&A and IPO activity saw modest progress in 2012.
1/16/2013
Asset Manager Transaction Review - Improved Transaction Activity in 2012
Transaction volume among asset managers increased for the second consecutive year, reflecting improving stock markets globally, increased M&A activity among independently owned asset managers seeking to avoid anticipated tax hikes, and the continued unwinding of non-core businesses by larger financial institutions.
1/15/2013
End of the Consumption Era
by Robert B. Albertson, Principal - We believe financials remain sufficiently disconnected from the economy to be overweighted as the world continues struggling to recover. Signs of life continue to become increasingly evident in business lending. A fiscal crisis has been narrowly avoided without addressing fundamental problems. U.S. consumer spending faltered and remains weak despite short burst of promise.
11/5/2012
U.S. Insurance M&A Review: Stable M&A Environment Focused on Middle-Market Activity
U.S insurance M&A activity has remained fairly active in 2012, although the focus of activity shifted to the life insurance and insurance brokerage sectors and away from the property and casualty (“P&C”) sector.
10/16/2012
Asset Manager Transaction Review - 3Q 2012 - Transaction Activity Dips Slightly in the Third Quarter
Despite strong equties markets, dealmakers continue to proceed with caution as they question the long-term effectiveness of quantitative easing on the global economic landscape.
9/20/2012
Sandler O'Neill Comment Letter on on Basel III bank capital rules jointly proposed by the OCC, FRB, and FDIC
Sandler O'Neill comprehensively states the firm’s position on the historic bank capital regulations now under consideration. Divided into 11 distinct topics, Sandler O'Neill seeks to contribute constructively to a rulemaking process that enhances the safety and soundness of U.S. banks without sacrificing their efficiency and competitiveness or damaging the U.S. financial system.
9/6/2012
Sandler O'Neill Comment Letter on the Basel III inclusion in regulatory capital of unrealized gains and losses on AFS securities
We urge the federal agencies to to reject the Basel III inclusion in regulatory capital of unrealized gains and losses on AFS securities. The flawed underlying accounting treatment does not reflect the banking business model and the proposed application to the capital accounts of banks would be unsafe and unsound for banks and detrimental to investors in banks.
8/20/2012
Webinar replay: Stress Testing and Capital Adequacy - What Every Bank Should Know
A webinar featuring an expert panel from Sandler O'Neill and global management consulting firm Oliver Wyman discussing additional bank stress testing requirements for virtually all U.S. banks. The webinar details how the stress tests will work and what adjustments banks can make in their strategic and business planning now to ready themselves.
7/13/2012
Webinar replay: Basel III - The Impact on Your Bank
A webinar featuring an expert panel from Sandler O'Neill and law firm Wachtell, Lipton, Rosen & Katz, moderated by SNL. Panelists discuss the serious and far-reaching implications of Basel III capital rules on U.S. banks.
7/12/2012
Asset Manager Transaction Review 2Q 2012 - Buyers and Sellers Proceed With Caution in the Second Quarter
Despite a slight decline in dealmaking in the second quarter, transaction activity in the first half of 2012 continued apace. Buyers remain cautious, focusing only on their highest priority transactions.
7/11/2012
Scale Increasingly Matters (Why Consolidation is Destiny)
by Robert B. Albertson, Principal - The negative narrative on banking, that it is doomed to being a moribund utility sector, burdened by regulation and hefty levels of capital, does not fit the data. Rather, recent quarterly data reveals a remarkable recovery in profitability despite record levels of capital.
7/2/2012
The Right Rubicon
by Robert B. Albertson, Principal - the latest Euro resolution plan is much more likely to resolve the short-term uncertainties by making it clear to bank depositors and creditors that the full faith and credit of the European Monetary Union is behind its banking system and greatly limits the call on hard cash support that could mushroom into socializing private debt onto public balance sheets.
6/21/2012
U.S. Basel III Capital Rules - Broad Application with Substantial Increase in Complexity and Required Capital
by Thomas W. Killian, Principal - Banks will face several new challenges when the Basel III capital standards become U.S. regulations as perscribed by the Fed's Notice of Proposed Rulemaking. Many speculated that the rules would only affect large banks, but the Fed is applying them to all insured depository institutions, savings and loan holding companies, and all bank holding companies with $500 million or more in assets.
9/5/2011
Fortune magazine: Sandler O'Neill's Journey From Ground Zero
Ten years after the attacks of September 11, 2001, Fortune revisits Sandler O'Neill to find that the firm "has not just made a full recovery; it's bigger, better capitalized, and far more capable."