Other Quotes from week to 21st October 2016

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Barclays CEO Jes Staley on Bloomberg

Need to generate returns above cost of capital to stay afloat

“If you can generate a return that is above your cost of capital, I think you’re doing reasonably well given this environment…We do need to recognize that to have a safe financial system over the long run, banks need to cover their cost of capital.”

 

Goldman Sachs CEO Lloyd Blankfein on CNBC’s “Power Lunch”

High asset correlations

“The best of times, the worst of times. It is really – it hasn’t been, you know, the prices are higher, securities largely because of monetary policy has been so supportive, it has been so inflated. It is inflated all assets. There is almost a correlation of one across assets. That’s not a business that – you can see the rise of passive versus active. Because people are trading equities almost as a macro yield-bearing instrument as opposed to value and individual companies and performances.”