Scene and Heard

"Are there any acquisitions on the front burner? No. Any on the back burner? Probably not. I have this belief that anything on the horizon [will be] cheaper in future quarters."

Robert kelly, CEO of The Bank of New York Mellon, during the third-quarter conference call.

"The current shakeout is overdue and a necessary outcome. The risk model was broken."

John Koelmel, CEO of First Niagara Bank, on the wave of failures and acquisitions that is sweeping the industry.

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