'No One Would Call These the Best of Times for Banking': Week's Best Quotes

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

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On how finance-sector workers could broaden their perspectives: On how finance-sector workers could broaden their perspectives: "Maybe when people go into financial services, they should have to live with a homeless family for a while or stand in the unemployment line for a few weeks."

Sheila Bair, former chairman of the Federal Deposit Insurance Corp.

Related Article: Big Institutional Investors Need Finance 101 Refresher: Sheila Bair

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On whether fear of personal liability makes bank directors leery of serving on boards: On whether fear of personal liability makes bank directors leery of serving on boards: "Unfortunately, the ones who ask the most questions about liability are sometimes the best directors."

David Baris, a partner at BuckleySandler and executive director of the American Association of Bank Directors

Related Article: Liability Concerns Impede Director Recruitment at Banks

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On M&T Bank's (MTB) disappointing first-quarter results: On M&T Bank's (MTB) disappointing first-quarter results: "No one would call these the best of times for the banking industry."

Robert Wilmers, M&T chief executive

Related Article: M&T's Wilmers Defends Hudson City Deal at Investor Meeting

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On the need for change in the housing finance market: On the need for change in the housing finance market: "Do we as a nation accept the status quo, do nothing and allow a system that wiped out the majority of wealth in communities of color to endure?"

Shaun Donovan, Secretary of Housing and Urban Development

Related Article: HUD's Donovan Works to Rally Liberals Behind GSE Bill

(Image: Bloomberg News)

On the Heartbleed security flaw, which could leave banks vulnerable to hackers: On the Heartbleed security flaw, which could leave banks vulnerable to hackers: "This is the equivalent of an Internet oil spill. We don't know the breadth or depth yet."

JD Sherry, vice president of technology and solutions at Internet security software company Trend Micro

Related Article: Heartbleed Bug Lurks beyond Websites

On whether the payday lenders Capital One Financial (COF) recently ceased doing business with will be able to find other banks: On whether the payday lenders Capital One Financial (COF) recently ceased doing business with will be able to find other banks: "Some of them are going to land. Some of them are not going to land."

Edward D'Alessio, executive director of Financial Service Centers of America

Related Article: Fifth Third, Capital One Cut Off Payday Lenders

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On plans to shrink Bank of America's (BAC) mortgage business: On plans to shrink Bank of America's (BAC) mortgage business: "The days of a 20% market share are far behind us."

Brian Moynihan, CEO of Bank of America

Related Article: Why B of A's Higher Legal Reserves Could Be a Good Thing

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On Ginnie Mae's decision to halt Bank of America's sale of mortgage servicing rights because the bank is missing documents on the underlying home loans: On Ginnie Mae's decision to halt Bank of America's sale of mortgage servicing rights because the bank is missing documents on the underlying home loans: "All we're asking for them to do is to live up to the agreement."

Ted Tozer, president of Ginnie Mae

Related Article: Ginnie Mae Nixes Bank of America Mortgage Servicing Transfer

(Image: Bloomberg News)

On Wintrust Financial's (WTFC) purchase of 12 branches in Wisconsin: On Wintrust Financial's (WTFC) purchase of 12 branches in Wisconsin: "We don't mind the smaller deals. We pick up the liquidity and put it to use."

Ed Wehmer, CEO of Wintrust

Related Article: Wintrust Keeping Mind Open to Acquisition Activity

The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.

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