Bank Deals Reflect Improving Market
NEW YORK CITY—Banks are well capitalized again and are looking for places to deploy their money, says Richard Walter of Bank Assetpoint. The Head and Senior Managing Director joined GlobeSt.com to provide an update on the progress since October 2013.
Walter has seen deal flows between banks alleviated since the market started. "To the extent where banks might have a concentration in certain types of loan product, we're matching them with other banks that maybe don't have the origination opportunities," Walter said. He looks at how this market making has allowed banks to diversify, alleviating concentration.
Also in the conversation, Walter also discusses:
- How the transaction have shifted to performing loans
- The types of organizations that are partaking of Bank Assetpoint
- His outlook for trades and the market in the upcoming year
- Where he thinks interest rates might go, and what that will mean to the types of transactions.
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