Backporch

Michael Piwowar
"My answer to that concern is that the FSOC should get a bigger table."

Securities and Exchange Commission member, after the Financial Stability Oversight Council refused to let him in meetings on the premise that, if it did, other agencies would ask to bring more people too.

William Demchak
"Regulation costs are almost irrelevant to the change I think we're going to go through in retail banking."

CEO of PNC Financial Services Group, saying that one of the industry's biggest challenges is what to do about the fundamental change going on in retail delivery.

Ban Ki-Moon
"Decrease your investment in carbon-intensive and obsolete technology."

United Nations' secretary general, calling on banks to finance sustainable energy sources, at a panel discussion during the World Economic Forum.

Inspector General's office
"The Postal Service could help financial institutions fill the gaps in their efforts to reach the underserved."

Agency supervising the cash-strapped U.S. Postal Service, in a controversial white paper that says offering financial services to unbanked consumers could yield $9 billion a year.

Edward C. Prescott
Bond buying by the Federal Reserve "is as effective in bringing prosperity as rain dancing is in bringing rain."

Nobel Prize-winning Minneapolis Fed economist, expressing a view at odds with Minneapolis Fed President Narayana Kocherlakota, who, after a change of heart, favors more stimulus.

Ben Bernanke
"If you are in a car wreck, mostly you are trying to avoid going over the bridge, and then later on you say, 'Oh, my God.'"

Former Federal Reserve chairman, on whether he reflects on his time in office.

Chris McWilton
"It's amazing how a billion-dollar loss in market cap will focus the mind."

MasterCard's president for North American markets, after a data breach got Target interested in EMV technology to make credit card transactions more secure.

Richard D'Aveni
"It is one thing when we buy their rubber dolls. It's a different thing when they buy our banks."

Dartmouth College business professor, arguing that there should be more concern about Chinese banks' U.S. acquisition efforts.

Jeb Hensarling
"What on God's green earth is going on here?"

U.S. House Financial Services Committee chairman, on the Consumer Financial Protection Bureau refurbishing its office space at $483 per square foot, triple the local rate for luxury projects.

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