Banking Quotations | Page 4

What I saw were two F-16 jets and they were circling overhead a single-engine plane and other jet fighter pilots were banking very quickly. And I saw them fire two warning flares in the direction of the single-engine plane,

I think the basic fundamental underpinnings are very sound. The banking system's sound, there's no near-term crisis to be had. It doesn't mean the stock market's not overextended - which I believe it is and is due for some sort of setback. But I don't think it's 1987 all over again.

We made a strategic decision to redefine our investment banking business in the autumn, because continuing to invest in parts of the business no longer made commercial sense for us.

We have a team arriving in Moscow at the end of next week that will have to look at the situation. Given what we know now about the changes in the exchange rate, the difficulties in the banking system and possible problems with the budget, it's clear the Russians will have to do quite a lot before that money can be released,

We're having a science fiction week in investment banking land. They're throwing so much out it's confusing the market.

This quarter's results reflect strong broad-based gains across all three of our growth platforms -- domestic banking, Scotia Capital and international banking -- continuing the success of our strategy of diversifying geographically across business lines.

This quarter's disappointing net loss occurred during one of the most severe global market dislocations in the post-World War II period, ... Equity markets declined, risk premiums in debt markets widened, and investment banking activity slowed markedly. Bankers Trust sustained significant losses in emerging market debt, high-yield debt and in our equity holdings.

This proposed merger and acquisition is strategic and consistent with our priority agenda of transforming our consumer banking franchise. It augurs well for the future as it gives us the lead in the long-anticipated next round of banking consolidation.

There is lots of scope for European banking deals.

There is a very real risk that Koizumi's plans to reform the banking sector will be so watered down that they will end up pleasing no one.