Dick Bove Sees Shift In Regulators To Favor Banks

Dick Bove must have found an extra dose of vigor in his morning coffee as he was reading the morning Wall Street Journal. The Rafferty Capital Markets banking analyst connects the dots between three stories in the publication and makes the observation that “banking regulations are finally meeting resistance.” Connecting the dots in three WSJ articles The three stories center on international tensions increasing over proposed DoJ fines of BNP Paribas SA (EPA:BNP) (OTCMKTS:BNPQY), the French sale of Warships to Russia and a court telling a judge in a Citigroup Inc (NYSE:C) ruling who reversed an SEC settlement said to be…