BB&T CEO Kills the Lights, PNC Exec Eats Crow, Spitzer Talks 'Judgment': Week's Best Quotes
April 23, 2013 11:11 AM
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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Advising bankers that federal reforms alone cannot restore public trust in their industry:
"Good judgment cannot be regulated."
- Eliot Spitzer, former New York governor
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(Image: Bloomberg News)
On bankers' insistence at the height of Occupy Wall Street that their industry was well-liked:
"Okay, dude, there are people literally sleeping in tents just to point out how much they don't like you."
- Raj Date, former deputy director of the Consumer Financial Protection Bureau
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(Image: Bloomberg News)
On costs cuts at banks:
"The industry is going to find out it can get by with a lot fewer people than it ever thought it could."
- Jeff Davis, managing director of the financial institutions group at Mercer Capital
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On how he plans to keep BB&T's (BBT) expenses down:
"If you've got two subscriptions of a newspaper, maybe cut it to one. Be sure when you walk out of a room, you cut the lights off."
- Kelly King, chairman and chief executive of BB&T
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Describing Associated Banc-Corp's (ASBC) top priority to analysts:
"Sometimes, we look around our company and we feel like, gee, we have so much work to do to make this place more efficient."
- Philip Flynn, CEO of Associated Banc-Corp
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Conceding he underestimated the challenge of increasing mortgage originations at PNC (PNC):
"I was wrong."
- Bill Demchak, incoming CEO of PNC
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On Bank of America's (BAC) first-quarter dip in in consumer banking revenue:
"It's pretty serious that their consumer businesses are in such decline."
- Erik Oja, analyst, S&P Capital IQ
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Promising M&T Bank (MTB) will rectify anti-money laundering compliance problems flagged by the Fed and close its purchase of Hudson City Bancorp (HCBK):
"We will do whatever we need to do to see it through."
- Rene Jones, CFO of M&T
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Discussing life after leaving Bank of America, while emphasizing the need to network:
"Holiday cards from Bank of America colleagues were down 95%. That's not an estimate."
- Sallie Krawcheck, former Bank of America and Citigroup (C) executive
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(Image: Bloomberg News)
On why women in banking should seek challenging roles:
"As women, we want to think we are 100% qualified before we accept something. Men always think they are 100% qualified."
- Jane Haskin, president and chief executive at First Bethany Bank & Trust
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On the accounting headaches associated with failed-bank deals:
"While there are huge benefits for having been in the FDIC-assisted deal process, there've also been drawbacks."
-Daryl Byrd, CEO of Iberiabank
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