Trickle Down Economics (from Mergers & Acquisitions)(subscription required)

The middle market, though shielded, is not immune to the carnage facing Wall Street.

..."The mid-market has always been more pragmatic," adds Hector Cuellar, the president of McGladrey Capital Markets (FKA: RSM EquiCo Capital Markets). "We've just never been afforded the luxury to chase after anything too exotic."...

...Certainly mid-market shops will be opportunistic when bigger deals present themselves. Hector Cuellar, the president of McGladrey Capital Markets, notes his firm's industry expertise and geographic coverage could see McGladrey "step into a lot more of those $500 million to $1.5 billion deals."...

..."There's been a lot of consolidation in terms of who is holding the capital today," McGladrey Capital Markets senior managing director Charlene Davidson notes, alluding to the foreign investments in the financial services space.

"It's had a humbling impact," she adds. "In the past the US has been very domineering when it comes to what regulation looks like. Going forward, I think you're going to see the EU have a far greater voice... Basel II requirements will be coming at us one way or another."...