Backporch

Neil Woodford
"The size of any potential fine is unquantifiable, so this represents an unquantifiable risk."

Highly regarded fund manager, on his view that bank stocks are too risky because recent fines have been far larger than the infractions warrant

William Smead
"Absolutely no one wants to create a big bank and put up with all this crap."

Smead Capital Management's CEO, arguing that bank stocks are a good investment now because, thanks to harsh regulators, the likelihood of new competitors is low

Raj Vig
"Clearly there are some banks taking deals and doing things that they haven't done since the crisis."

Managing partner at TCP Capital Corp., on the concessions he's seeing in loan terms and rates for middle-market corporate borrowers

Ross Hogan
"People get fired over things like this, people lose sleep over things like this and organizations, from a morale perspective, sometimes never recover."

Kaspersky Lab's global head of fraud prevention, on the sometimes crippling emotional and human toll of data breaches


Daniel Tarullo
"I don't know that I personally at least would declare 'too big to fail' ended. In fact, I know I would not."

Federal Reserve Governor, speaking at an Institute of International Finance meeting in Washington

Jamie Dimon
"Do you want to move the payments system out of banking? Do you want to move the deposit system out of banking?"

JPMorgan Chase's chairman and CEO, saying regulators must be careful not to drive too much risk into the shadow banking sector

Beth Mooney
"I don't run my career on karma."

KeyCorp chairman and CEO, reacting to Microsoft CEO Satya Nadella's comment that it is good karma for women to wait for a raise rather than ask for one

Barry Barker
"The threats were unreal. They said they were going to send the sheriff to my house within 24 hours."

A Florida biologist, describing how a payday lender reacted when he closed his bank account to stop automatic debits

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