Bank regulation: CEOs a sorry sight as regulators crack down

Bank regulators are getting tougher. There's no surer sign of that than when senior executives apologize in public. Sandy Weill, chairman and CEO of Citigroup, was the high-profile executive seeking forgiveness last month for his firm's dealings with Enron.

But for sheer contrition he was surpassed by James Rohr, chairman, CEO and president of Pittsburgh-based PNC Bank. “I’m disappointed by these events,” said Rohr, in a July 18 conference call to discuss second-quarter earnings. “This falls on my watch, and I regret the impact it’s had on our employees and investors. This is an issue I sincerely do apologize for, and we’re going to make sure this doesn’t happen again.”

He wasn’t talking about results – they were solid.

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