REP. BARNEY FRANK
"The financial institutions, when they talk about international regulation, they follow the model of the teenage child of divorced parents-playing mommy off against daddy."

Massachusetts Democrat who helped write the Dodd-Frank Act, dismissing concerns that the Volcker rule would put American banks at a competitive disadvantage

DESMOND TUTU
"Each one of us is made for goodness, even bankers."

Human-rights activist from South Africa, speaking at the annual meeting of the World Economic Forum in Davos, Switzerland

RICHARD DAVIS
"It would have to be something so undeniably good that you didn't want to pass."

Chairman, president and CEO of U.S. Bancorp, saying a large bank acquisition is not one of its goals

JAMES GORMAN
"You're naive, read the newspaper, No. 1.No. 2, if you put your compensation in a one-year context to define your overall level of happiness, you have a problem much bigger than the job. And No. 3, if you're really unhappy, just leave. I mean, life's too short."

Morgan Stanley's CEO, expressing a lack of patience for any employees who might want to complain about the company's recent dramatic pay cuts

MICHAEL MAYO
"It really comes down to two words: Show me."

CLSA bank analyst, on whether Gorman can mend Morgan Stanley

 

GERALD W. MCENTEE
"An independent chair would get JPMorgan executives focused on generating long-term value for shareholders, rather than empire-building and big bonuses."

President of the American Federation of State, County and Municipal Employees, on the union's effort to force JPMorgan Chase, along with several other large publicly traded companies, to split the chairman and CEO positions between two people

PRESIDENT OBAMA
"Well, what if we really explain this very well?"

In a recently publicized 2009 memo, responding to political aides who advised him that Congress wouldn't approve emergency funds for nationalizing several troubled large banks

FACEBOOK
"It is possible that payments on the Facebook platform could be considered a financial product and that we could be deemed a financial institution."

Social media juggernaut, discussing its digital currency, Facebook Credits, in a Securities and Exchange Commission filing related to its initial public offering

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.