Richard Bove, an analyst at Rochdale Securities LLC, talks about the new capital requirements set forth by the Basel Committee on Banking Supervision and the impact on the U.S. banking industry. Bove speaks with Betty Liu on Bloomberg Television's "In the Loop."
Bove likes the new rules on the banking industry. He thinks the US has gone too far in requiring the banks to maintain high capital ratio and as a result crippled lending.
Bove likes Citigroup, Bank of American for they are selling at a fraction of the cash they have on their balance sheet.
Aside from increased lending, Bove sees the pick-up in M&A activities in the banking industry. See a presentation at Forbes for Bove’s pick of take-over candidates:
http://www.forbes.com/2010/09/10/state-street-pnc-intelligent-investing-northern-trust_slide.html
Watch the Bloomberg interview:
(Source: Bloomberg)
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Bove likes the new rules on the banking industry. He thinks the US has gone too far in requiring the banks to maintain high capital ratio and as a result crippled lending.
Bove likes Citigroup, Bank of American for they are selling at a fraction of the cash they have on their balance sheet.
Aside from increased lending, Bove sees the pick-up in M&A activities in the banking industry. See a presentation at Forbes for Bove’s pick of take-over candidates:
http://www.forbes.com/2010/09/10/state-street-pnc-intelligent-investing-northern-trust_slide.html
Watch the Bloomberg interview:
(Source: Bloomberg)
Also check out:
