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Quotes of the month

“Banks remain cornerstones of the entire economy. Regulation has certainly made banking more complicated. But I like complicated. Complicated is interesting”

Martin Blessing may have stepped down as CEO of Commerzbank, but it does not sound like he is done with banking 


“We are looking at where the customers move – where are they when they are thinking about things that a bank can help with. We will serve them at home; we will serve them when they are in a shopping mall; we will serve them when they are at an event"

Rabobank chief executive Wiebe Draijer gets a little Churchillian in articulating his commitment to serving clients


“If you want to talk about banking, you have to first talk about regulators and central banks. And until monetary policy starts working, then banks will continue to struggle, as will economies”

Billionaire investor Wilbur Ross doesn’t see much value in banks in the current environment

“Underwriters at many marketplace lenders have been to MIT or Harvard and are highly incentivized. They are on Facebook and LinkedIn and using three or four different rating agencies to make their decisions. They are often lending to people that the banks would reject” 

Cormac Lynch, founder of Liberum, worries that new sources of lending may not have the necessary credit skills in place



“We are not really fighting in financial markets right now, it’s a fight with the circumstances we are in as a nation”

Alexander Dubilet, CEO of Ukraine’s PrivatBank, is facing some unique challenges

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