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Mike Mayo's 7 Best Banking One-Liners

The outspoken banking analyst accepted an award from the CFA Institute and proceeded to zing the banking industry left and right.

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Mike Mayo, a managing director at CLSA and one of the most well-known prominent banking analysts, accepted the Daniel J. Forrestal III Leadership Award from the CFA Institute Tuesday morning. During a panel discussion and interview with BuzzFeed, Mayo, who once famously got in a spat with JPMorgan CEO Jamie Dimon on a conference call that ended with Dimon telling Mayo "that's why I'm richer than you," displayed his famously biting wit and ability to summarize a considering view of a bank in just a few words.

4. "Talk about arrogance, talk about why the industry is hated, the one percent of one percent that taints the entire industry."

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Referring to when former Citi chairman Dick Parsons told Businessweek "Timmy Geithner would say, 'Call me directly, because this is too important an institution to go down." Mayo couldn't believe that the chairman of a bank that received $25 billion in direct government aid would refer to the Treasury Secretary by "Timmy."

Matthew Zeitlin is a business reporter for BuzzFeed News and is based in New York. Zeitlin reports on Wall Street and big banks.

Contact Matthew Zeitlin at

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