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Quotes of the Month

"In 1994 banks held 70% of all loans. That's now dropped to 29%. Institutional investors now hold 64% of loans. That's not syndicated lending, it's capital markets. They need to change the name."

-Larry Fink, CEO of Blackrock, one of the most influential fixed-income real money managers, with $400 billion in assets, at the American Securitization Forum in New York in June

 "Capitalism is worse than Count Dracula, Frankenstein, the Boston Strangler and Jack the Ripper combined"

-President Hugo Chávez makes yet another pitch to attract foreign investors to Venezuela

 "It's a rationalization of our US business which, when you get right down to it, does not have much functional difference."

-ABN Amro's US DCM head, Peter O'Malley, after the bank sacked all but one of its high-grade bond traders in New York, shut down its research group, shaved about 500 borrowers off its DCM coverage and handed the business down to its subsidiary, LaSalle

More Quotes of the month

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