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News & Commentaries

2/2/2016
Bank Director: Could You Be a Target of Shareholder Activism?
Bill Hickey, Sandler O'Neill's Co-Head of Investment Banking, provides commentary on activism during a panel discussion at Bank Director's Acquire or Be Acquired conference.
1/21/2016
Asset Manager Transaction Review - Transaction Activity Sets New Highs In 2015
Global transaction volume among asset managers set a new multi-year high in 2015, largely reflecting a step-up in activity among small to mid-sized asset managers.
1/19/2016
Bloomberg GO - Sandler O'Neill's Robert Albertson: No Recession This Year
Robert Albertson discusses turmoil in the markets on Bloomberg GO.
1/15/2016
CNBC - Sandler O'Neill's Robert Albertson: Sensible market to buy into
Robert Albertson discusses volatility in global markets and why he thinks U.S. markets offer good opportunities.
1/15/2016
Total Loss Absorbing Capacity (TLAC): Material Repercussions and Disruptions for U.S. Banks and Investors
By Thomas W. Killian, Principal - Following the initial TLAC disclosure by the Financial Stability Board (FSB) on November 10, 2014, the Board of Governors of the Federal Reserve System (Board) announced on October 30, 2015 a Notice of Proposed Rulemaking (NPR) for TLAC rules, with comments due by February 1, 2016. TLAC is designed to provide additional loss absorbing capacity for Global Systemically Important Banks (GSIBs) to avoid the need for a government bail-out in the event of insolvency of a bank that is deemed to be “too big to fail.”
1/5/2016
Bloomberg GO - Sandler O'Neill's Robert Albertson on the Markets
Sandler O'Neill Principal and Chief Strategist Robert Albertson weighs in on the rout in the markets on Bloomberg GO.
12/14/2015
Bloomberg GO - Conditions Ripe for Continued Bank M&A: Jimmy Dunne
Jimmy Dunne, Senior Managing Principal at Sandler O'Neill + Partners, and Scott Malpass, Chief Investment Officer at Notre Dame, talk about the need for continued M&A in the banking industry on Bloomberg GO.
9/9/2015
Enough on China
By Robert B. Albertson, Principal - The China factor has overwhelmed investor sentiment since its mini-devaluation. Despite market pullbacks, the case for U.S. interest rate normalization has not been fundamentally derailed, in our view, when a wider range of indicators is taken into account.
4/20/2015
Changes to Small BHC Policy Statement - Implications for M&A, Capital Planning, and Investment Strategy
By Thomas W. Killian, Principal - The Federal Reserve’s Small Bank Holding Company Policy Statement provides a very real opportunity for 88% of U.S. BHCs to optimize their M&A Strategy, Capital Planning, and Investment Strategy.
4/10/2015
Rate Relief Anyway?
By Robert B. Albertson, Principal - Rather than throwing up their hands on bank stocks, investors should closely review and search for banks whose balance sheet profiles promise upside earnings surprise when short rates do advance, even if long rates fail to follow.
12/9/2014
Oil Price Implications
By Robert B. Albertson, Principal - Current energy sector dynamics are increasingly influencing investment strategies, with overly-simplistic local and geographic conclusions that are creating opportunities to buy financials.
9/8/2014
Normal in Slow Motion
By Robert B. Albertson, Principal - While the past cycle may feel anything but similar to the past, if we compress the time scale since 2008, the progression of phases takes on a more familiar, if not comforting pattern.
7/22/2014
Asset Manager Transaction Review – Deal Activity Slows, but Headline Transactions Lead the Way
Transaction activity in the asset manager sector in the first half of 2014 slipped behind last year’s strong pace, though a handful of large deals pushed overall deal value higher than in recent periods.
3/6/2014
The Rising Tide - 2013 M&A Activity in the Asset Management Industry
The optimism shared by investors and managers alike coming into 2013 proved to be well-founded by the year’s end. The rising tide lifted all boats, as deal making, IPO activity, and follow-on equity offerings across the asset management industry all posted strong showings in 2013.
1/24/2014
Tapering Everywhere
By Robert B. Albertson, Principal - While the supply of new Treasury debt is declining with the deficit, giving the Fed a helpful window to taper QE, foreign demand has already tapered more. The overall slack in demand must be taken up by domestic institutional and retail buying, which would require a sharp change in sentiment.
1/15/2014
Collins Amendment Carve Out - Volcker Rule Relief for Investments in Bank TruPS CDOs
In response to industry pressure after the release of Volcker Rule requirements, U.S. regulatory agencies have offered an interim final rule, the Collins Amendment Carve Out, that would permit banking entities to retain investments in collateralized debt obligations (CDOs) consisting of Qualifying Trust Preferred Securities Collateral.