"Banks have to be more conservative in how they fund themselves going forward and I think that is a good thing. What we saw in the run up to the financial crisis was a massive overleveraging of the system and in the wake of the crisis you saw, understandably, deleveraging, and to some extent that process is still continuing," Barr says.
-- Written by Dan Freed in New York.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts