Recorded: Wednesday, May 13, 2009

90 minutes

Agenda | Panelists | Who will benefit | Get log-in

Even though banks have navigated a highly volatile environment over the past 18 months, the industry is not out of the woods yet. Among the larger challenges are capital and liquidity issues.

As, Secretary Geithner said when releasing the results of the government's stress test, "...institutions have a range of options to raise capital in the private markets, including common equity offerings, asset sales and the conversion of other forms of capital into common equity." 

In response, SNL Financial convened a roundtable of four prominent subject matter experts to discuss and debate the challenges and opportunities inherent in Mr. Geithner’s statement along with other timely commentary.

If you missed the live event, you can still watch and listen on-demand to the archive version. It's a unique opportunity to get insight, perspectives and recommendations from leading advisors in the bank sector.

Agenda

Topics include

Panelists

Gerald L. Blanchard, Partner, Bryan Cave LLP

Mr. Blanchard came to Bryan Cave as a result of Powell Goldstein's merger with the firm. As a Partner, Mr. Blanchard focuses on financial institutions, advising clients on all aspects of mergers and acquisitions, commercial and private lending, debt restructuring, distressed loan sales and bankruptcy management. He has dealt extensively with state and federal laws and regulations such as anti-tying, privacy and Sarbanes-Oxley. He is the author of Lender Liability: Law, Practice and Prevention and is co-author of Problem Loan Workouts both published by West. He is a frequent speaker in the areas of loan documentation, bankruptcy, lender liability and governance.

Kent Carstater, Managing Director, Stifel Nicolaus & Co.

Mr. Carstater's advisory experience includes buy and sell-side mergers and acquisitions, management buyouts, takeover defenses and evaluation of strategic objectives. His capital markets experience includes public and private placement of common stock, capital securities (trust preferred) and subordinated debentures. Mr. Carstater joined Stifel's Financial Institutions Investment Banking Group in 2008. Prior to joining Stifel, Mr. Carstater was a Managing Director at Resource Financial Institutions Group, a bank-focused private equity concern, and prior to that was with Keefe, Bruyette and Woods.

Jaret Seiberg, Senior Vice President and Policy Analyst, Washington Research Group

At the Washington Research Group, Mr. Seiberg follows the Financial Services sector, focusing on financial stability, credit quality, subprime lending, GSE reform, capital rules, credit cards and student lending among other areas. Mr. Seiberg joined Washington Research Group at the start of 2005 after spending more than a decade following Washington policy developments, most recently as the Washington Bureau Chief and Assistant Managing Editor of The Deal and The Daily Deal. Prior to this he was the Deputy Bureau Chief for the American Banker. 

Joshua S. Siegel, Managing Principal, StoneCastle Partners, LLC

Prior to co-founding StoneCastle Partners, Mr. Siegel was a Vice President in the Global Portfolio Solutions Group at Salomon Brothers/Citigroup Global Markets Inc. While there Mr. Siegel was primarily responsible for new product development, including pooled trust preferred securities transactions and where his team developed the fist pooled TPS issue for the banks sector. Mr. Siegel is the author of Historical Default Rates of FDIC-Insured Commercial Banks, 1934–2001, Regional Bank Diversification and Analysis of Idealized Cumulative Default Rates Beyond 10 Years.

Nathan Stovall (moderator), Senior Industry Editor - Financial Institutions, SNL Financial

CFA Institute

1.5 Hours of Continuing Education Credit

SNL Center for Financial Education is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 1.5 CE credit hours as granted by CFA Institute. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.

Who will benefit

The aim of this program is to provide high-level guidance and strategic insight along with practical examples that may be put to immediate use.

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