Global Banks Put on Hold

By Richard Stavros • February 8, 2016

Given today’s selloff in global financials and banks, we are placing the following financials in our Aggressive Portfolio on hold:

Alliance Bernstein (NYSE: AB)–HOLD

Banco Santander (NYSE: SAN)–HOLD

HSBC Holdings (NYSE: HSBC)–HOLD

UBS Group AG (NYSE: UBS)–HOLD

In the upcoming February issue of Global Income Edge, there will be a complete review of all of our holdings in light of renewed market volatility and concerns over global growth.

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About The Author

Richard Stavros

Bio | Archive

Richard Stavros is chief investment strategist for Global Income Edge, analyst for Utility Forecaster and a regular contributor to Personal Finance.

He is managing director of Thomas Dwight Capital (TDC), a strategic, financial and business development adviser to corporations, investment houses and governments. TDC identifies and develops for clients high growth and emerging markets opportunities in the energy, telecommunications, shipping and real estate sectors. In this capacity, Stavros has advised on several multi-million project finance valuations, business plan developments, and overall corporate strategies, as well as engaged in mergers and acquisitions, private equity, and lead capital raising efforts for new business expansion plans.

With 17+ years of experience in the energy sector, Stavros has served in various leadership, strategy, finance and analytic roles at an energy utility, investment bank and various preeminent global media, economic and regulatory research houses.

He graduated from Georgetown University with a BA in Economics and English Literature. He holds an MBA from the University of Oxford with a concentration in Finance and Strategy.