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Search resuls for: "Thomas Michaud"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKBW CEO on banking warning signs: Commercial real estate losses not a systemic riskThomas Michaud, KBW president and CEO, joins 'Squawk on the Street' to discuss what the chief executive makes of the commercial real estate sector's impact on the banks, the gap between the bulge bracket banks and the others, and much more.
Persons: Thomas Michaud
Big bank CEOs will likely convey deposits and earnings are stable to lawmakers on Wednesday, according to a major financial services executive. Thomas Michaud, CEO of Stifel company Keefe, Bruyette & Woods, thinks the hearing before the Senate Banking Committee will successfully provide assurance to Washington and Wall Street. "The targeted approach to change deposit insurance to reduce the 'too big to fail' thinking, so depositors don't run like that. He thinks action is needed to keep mid-sized banks competitive with the big banks — starting with lifting Federal Deposit Insurance Corp coverage limits for small businesses. "If deposit insurance reform in my opinion doesn't happen, there's going to be tremendous pressure on those [mid-size] banks to consolidate," Michaud said.
Persons: Thomas Michaud, Keefe, Jamie Dimon, Goldman Sachs, David Solomon, " Michaud, He's, Michaud Organizations: Wall, . Banking, Silicon Valley Bank, Signature Bank, First, Federal Deposit Insurance Corp Locations: Washington, Silicon, First Republic
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - U.S. bank profits are expected to shrink in the coming months, but the industry has regained its footing after the biggest bank failures since the 2008 financial crisis, analysts said. "Nobody wants to own a lot of bank stocks, whether it's large cap, mid cap, ahead of a credit crunch, ahead of a recession." Michaud, CEO of KBW:"There are a lot of healthier banks, I think, that would look to acquire the banks that have low credit performance. Reporting by Lananh Nguyen, Nupur Anand and Pete Schroeder in New York Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Carlo Allegri, Thomas Michaud, Keefe, Erika Najarian, Morgan Stanley, We're, Eugene Ludwig, Ludwig, Mitch Eitel, Sullivan, Cromwell, " Michaud, Lananh Nguyen, Nupur Anand, Pete Schroeder, Mark Potter Organizations: New York Stock, REUTERS, delinquencies, UBS, Ludwig Advisors, Federal Deposit Insurance Corp, Thomson Locations: Manhattan, New York City , New York, U.S, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKBW CEO: There's a big headwind to earnings cause of rates, but pace of deterioration is slowingKBW CEO Thomas Michaud joins 'Squawk on the Street' to discuss his thoughts on Friday's market action, whether the negative sentiment towards financials is justified, and the bifurcation between the big banks.
Persons: There's, Thomas Michaud
The Fed is 'done' and we won't get a November bump, says KBW CEO
  + stars: | 2023-09-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is 'done' and we won't get a November bump, says KBW CEOThomas Michaud, KBW CEO, joins 'Squawk on the Street' to discuss the Fed's impact on financials and more.
Persons: Thomas Michaud
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKBW CEO: Regional banks have upside if Fed hikes once more and narrative 'steadies'Thomas Michaud, KBW CEO, joins 'Squawk on the Street' to discuss Michaud's take on the regional banking sector, the concerns around the regional banks ability to generate net interest income or margin, and what investors have learned about the credit environment.
Persons: Thomas Michaud
A major financial services CEO warns the economy hasn't fully absorbed higher interest rates yet. "The bite of these higher rates is gaining traction almost every day." Michaud delivered the call hours after the Federal Reserve decided to leave interest rates unchanged. According to Michaud, the regional bank rally is a short-term bounce. He sees a shift from adjusting to the new interest rate environment to credit quality in the second half of this year.
Persons: Thomas Michaud, there's, CNBC's, " Michaud, Michaud, Banks, haven't Organizations: Federal Reserve, Regional Banking
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Bite of these higher rates is gaining traction almost every day,' KBW CEO Thomas Michaud saysKBW CEO Thomas Michaud reacts to the Federal Reserve's decision to keep interest rates stable on "Fast Money."
Persons: Thomas Michaud Organizations: Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNon-interest-bearing deposits are the crown jewel of banking, says KBW CEO Thomas MichaudTom Michaud, CEO of KBW, a Stifel Company, joins 'Squawk on the Street' to discuss pressure facing tangible capital levels, non-interest-bearing deposits, and the loan-to-deposit ratio.
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