"The U.S. economy is finding a new run rate without the availability of excessive credit. Get used to it. For those of you who still believe in 'normalized earnings,' this is it."
— Christopher Whalen, managing director at Institutional Risk Analytics, in a note on Bank of America Corp.'s earnings.
"We might come to a point where you can walk into a bank with dollars and walk out with ' Downtown Dollars.' … This is a way that these four banks directly benefit the business community that banks with them."
— John Durso Jr., a banker and chairman of the Ardmore Initiative, on the advent of a local currency in his Pennsylvania community.
"I think this is one of those areas where we're not going to know how it works until it either works or doesn't work."
— Kathleen Collins, Washington counsel to the Bank Insurance and Securities Association trade group, on the Federal Reserve's new powers to examine functionally regulated affiliates.
"We expect subdued loan demand for a while longer. … We're seeing a slowing in the economy in general."
— Ralph Babb, Comerica chairman and chief executive, backpedaling from the bullish outlook he gave on lending in April.
"In the abstract, there shouldn't be any problem with posting records of meetings that have occurred. But what we have experienced is that the requirement in and of itself has discouraged meetings. I don't think that's healthy or beneficial."
— Jan Witold Baran, a partner at Wiley Rein, saying President Obama's policies to publicize meetings have discouraged administration officials from meetings with lobbyists. The FDIC is planning to disclose the names of individuals and groups that meet with agency officials about the Dodd-Frank Act.