FHA Goes Back to the Future, Cyberattacks and M&A Skepticism: The Week in Quotes
April 9, 2013 8:29 AM
The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.(Image: Fotolia)
On reports that the Federal Housing Administration is working on a plan to encourage banks to lend to people with poor credit histories:
"It's like we're back in 2003 and no one has learned anything."FHA Working on Plan to Increase Lending, Reduce Banks' Risk (Image: Thinkstock)
- Mark Calabria, director of financial regulation studies, Cato Institute
Related Article: 
Arguing that regional banks have managed regulatory pressures better than large banks:
"No one is talking about breaking us up."Why Regional Banks Are the Right Size Right Now
- Kevin Kabat, chief executive of Fifth Third Bancorp (FITB)
Related Article: 
On whether the government would still bail out a large bank:
"I don't think anybody can be assured of that right now."Ending 'Too Big to Fail' Still a Work in Progress: Fed's Tarullo
- Daniel Tarullo, Federal Reserve Board governor
Related Article: 
On why he's skeptical about the proposed merger between Provident New York Bancorp (PBNY) and Sterling Bancorp (STL):
"From a strategic standpoint, it is a home run. But financially, I'm a little hesitant to embrace the projections that are out there."Skeptics of Provident N.Y. Deal say 'Show Me' on promised Returns (Image: Thinkstock)
- Joseph Fenech, an analyst at Sandler O'Neill
Related Article: 
On why retail market share is no longer key to banks' bottom lines:
"The truth is, banks...can essentially be doing terribly in terms of the marketplace while improving their profitability."Why Regional Banks Are the Right Size Right Now (Image: Thinkstock)
- Joe Hagan, senior vice president at research firm TNS
Related Article: 
On the five-year prison sentence given to a former executive at the Appalachian Community Bank in Georgia, which failed in 2010:
"This bank was robbed from the inside, not by a bandit carrying a gun, but a bank officer carrying a pen."Former Georgia Banker Gets Five years for Fraud (Image: Thinkstock)
- Sally Yates, U.S. attorney
Related Article: 
On the cyberattacks that have waylaid more than a dozen banks' websites since late last year:
"The attackers obviously have someone who's put a lot of money into infrastructure and these guys have the capability to launch attacks like the world has never seen before."Why Cyberattacks Continue to Overpower Banks' Security Tech (Image: Thinkstock)
- Dave Ostertag, a global investigation manager with Verizon
Related Article: 
On Regions Bank's decision to charge for mobile remote deposit:
"We don't think cost will be a major tipping point for the vast majority of consumers."Regions Offers Mobile Deposit - For a Fee (Image: Thinkstock)
- Scott Peters, Regions Bank's head of consumer services
Related Article: 
On Green Dot's (GDOT) decision to let customers pay what they want for its new mobile bank account:
"Why did the Cadillac have fins? It didn't help with the aerodynamics. It didn't have any mechanics. The answer is: because it looked cool."Why Green Dot Is Letting Customers Name Their Price (Image: Michael Chu)
- Steven Streit, Green Dot's founder and chief executive
Related Article: 
