'What about Allowing Free Men and Women to Decide?': Week's Best Quotes
April 1, 2014 7:30 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: Thinkstock
On the importance of women bankers seizing opportunities rather than expecting that their hard work to get noticed:
"If you are thinking that [colleagues will notice your hard work and] will put a gold star on your paper, then you will be watching the next person get the promotion."
Laurie Stewart, president and chief executive, Sound Community Bank
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On the large number of M&A sellers compared to buyers:
"It's like being on a train with three seats left, and you pull into the station and there are 15 people in line."
Randy Sims, CEO of Home BancShares (HOMB)
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On attempts to regulate payday lenders:
"What about allowing free men and women to decide what works for them?"
Sen. Pat Toomey, R-Pa.
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On the payday-lending industry's resistance to interest-rate caps:
"It's a little dishonest to say we're willing to be regulated but we're not willing to be regulated on the most important aspect."
a consumer attorney at a Consumer Financial Protection Bureau hearing on payday lending
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Image: Thinkstock
On the decision by Mike Cavanagh, onetime heir apparent to JPMorgan Chase (JPM) CEO Jamie Dimon, to leave the bank for the Carlyle Group:
"This is a regrettable loss for our company, as Mike has been a part of the fabric of our organization for the last 14 years."
Dimon
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Image: Bloomberg News
Noah Hanft on retiring from MasterCard to head the International Institute for Conflict Prevention and Resolution:
"There's a natural attraction to stay with the industry and company you love. But life is short. It's interesting to try different things."
Noah Hanft, MasterCard general counsel and chief franchise officer
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On the U.S. Postal Service's reaction to a call by its Inspector General to create a postal bank:
"This is one we didn't ask for."
Patrick Donahoe, Postmaster General
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Image: Bloomberg News
On the need for fresh thinking about cybersecurity:
"Our job is to be more innovative than the people who are trying to steal."
Ryan McInerney, the president of Visa (NYSE: V)
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On why banks have little incentive to invest in technology:
"Spending on technology to keep up with regulations, there's not really a payback on it. It's the cost of doing business."
Judd Caplain, a principal in KPMG's banking and financial services group
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Image: Thinkstock
On holding bank executives responsible for Bank Secrecy Act and anti-money laundering failures:
"Shouldn't we, as bank supervisors, demand that institutions designate and hold senior managers responsible for BSA risk management just as they would for any other activity or line of business?"
Thomas Curry, Comptroller of the Currency
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Image: Bloomberg News
On why Meredith Village Savings Bank and Merrimack County Savings Bank decided to merge:
"We felt we had strong institutions but ... we saw challenges that are beyond our careers."
Sam Laverack, co-CEO of New Hampshire Mutual Bancorp
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