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 Quotes
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
 Management

More - Gerard Cassidy Quotes

The real profit in the credit card business is the revolving balances, ... Commerce has calibrated what balances they need to be able to make this product profitable without charging the fees that some of the other credit cards charge. - Gerard Cassidy Quotes

The real profit in the credit card business is the revolving balances, ... Commerce has calibrated what balances they need to be able to make this product profitable without charging the fees that some of the other credit cards charge.

Gerard Cassidy

 Business
The real profit in the credit card business is the revolving balances. Commerce has calibrated what balances they need to be able to make this product profitable without charging the fees that some of the other credit cards charge. - Gerard Cassidy Quotes

The real profit in the credit card business is the revolving balances. Commerce has calibrated what balances they need to be able to make this product profitable without charging the fees that some of the other credit cards charge.

Gerard Cassidy

 Business
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 Quotes

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

 Force
It's a resolution of a long-simmering cloud that'd been hanging over this company. Though it's painful, the resolution could have been worse. It's good news that it's resolved. - Gerard Cassidy Quotes

It's a resolution of a long-simmering cloud that'd been hanging over this company. Though it's painful, the resolution could have been worse. It's good news that it's resolved.

Gerard Cassidy

 Company
If it were as negative as it appears on the surface, Microsoft's stock would be dropping like a rock, and it's doing just the opposite. The market is apparently saying, financially speaking, this is not a devastating event for Microsoft. Of course, as more news come out, that might change. - Gerard Cassidy Quotes

If it were as negative as it appears on the surface, Microsoft's stock would be dropping like a rock, and it's doing just the opposite. The market is apparently saying, financially speaking, this is not a devastating event for Microsoft. Of course, as more news come out, that might change.

Gerard Cassidy

 
If it were as negative as it appears on the surface, Microsoft stock would be dropping like a rock, and it's doing just the opposite. It doesn't appear to be something that's material in nature. - Gerard Cassidy Quotes

If it were as negative as it appears on the surface, Microsoft stock would be dropping like a rock, and it's doing just the opposite. It doesn't appear to be something that's material in nature.

Gerard Cassidy

 
This seems to be a far more serious allegation. - Gerard Cassidy Quotes

This seems to be a far more serious allegation.

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 Quotes

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

 
If we see a recovery this year and it becomes a stronger one than we expected, that will adversely affect bank stocks like they did in 1994 and 1999. - Gerard Cassidy Quotes

If we see a recovery this year and it becomes a stronger one than we expected, that will adversely affect bank stocks like they did in 1994 and 1999.

Gerard Cassidy

 
Canadian banks are all looking for opportunities to grow in the United States. - Gerard Cassidy Quotes

Canadian banks are all looking for opportunities to grow in the United States.

Gerard Cassidy

 United States
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