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