Backporch: Noteworthy Comments About the Financial Services Industry

Lacy Hunt
"The general... consensus is that central banks are powerful — and they are not. They are out of the game."

Economist with Hoisington Investment Management, on how it's a mistake for people to think the Fed's monetary policies could bring strong economic growth

Arne Lohmann Rasmussen
"Zero is just a number. The world goes on."

Chief analyst at Danske Bank in Copenhagen, shrugging off a move to charge banks interest for deposits kept at the European Central Bank, given that no financial chaos erupted when Denmark's central bank had a negative deposit rate in 2012

Corey Chambas
"If you win the talent game, you win thebusiness-banking game."

CEO of First Business Financial Services in Madison, Wis., saying that a key reason it agreed to buy Alterra Bank in Leawood, Kan., is the team that it gets to pick up

Angela Merkel
"The worldwide concern is unfortunately waning as the international financial crisis recedes."

German chancellor, in a speech about how the regulation of 'shadow banks' needs to be a central issue at the G20 summit this fall

Markus Henn
"It's like a hot potato that you pass on."

Analyst for the anti-globalization activist group Attac, saying that the risk from toxic assets hasn't gone away, as commercial banks sell off their bad loans

President Barack Obama
"I will read about it in the newspapers just like everybody else."

Deflecting France's appeal to intervene as BNP Paribas, the largest French bank, faces a potential multibillion-dollar U.S. fine over currency transactions

Jane Fraser
"The start of 2014 has been very ugly. We are asking if there is a new normal that leads to a smaller housing sector. It's clearly much more complex than just the cycle."

Head of U.S. consumer and commercial banking at Citigroup and CEO of CitiMortgage, on the massive drop in refinancing and home-purchase volumes

Edward Mills
"Republicans are going through the seven stages of grief before they get to acceptance that the CFPB is going to be sticking around."

FBR Capital Markets analyst, on how major attacks against the Consumer Financial Protection Bureau have morphed into a push for myriad small changes

For reprint and licensing requests for this article, click here.
Community banking
MORE FROM AMERICAN BANKER