Everything they did in this communication was as if they had something to hide. They flunked it big-time.
More Quotes from Gerard Cassidy:
The timing of the bank sale could have been better, but you can't blame management for the timing. Mellon did not, and could not, see that interest rates would fall to 45-year lows right after the sale of the bank.Gerard Cassidy
I wouldn't view this as any indication the company is putting itself up for sale. I think it's an indication of better corporate governance. What they are trying to show everyone is that there's not going to be any artificial hurdles to them being acquired.
Gerard Cassidy
The numbers were good at all of the custody banks and were driven by revenue in their asset management business.
Gerard Cassidy
Republic is going to have to pay the price of what's gone on here. Is that price large enough to kill the deal The answer at this time is no. But there is a better than 50 percent chance that the offering price has to be lowered.
Gerard Cassidy
The challenge for banks in the slower revenue growth environment is to become more efficient to drive down operating expenses. With the spread between the long end and short end being narrow, it's tougher for banks to make money.
Gerard Cassidy
For big banks that want to remain major players, this move is going to force them to make strategic mergers, just like 1998.
Gerard Cassidy
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Based on Topics: Communication QuotesBased on Keywords: flunked
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