"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.