He said: "Many companies complain about strained relationships with banks both during and after the recession.
Having written off billions of pounds on the value of exotic credit products, and then tapped shareholders for billions more to rebuild strained balance sheets, banks have been bracing themselves for the next shoe to drop.Most expected it to come in the form of writedowns on bad loans in their traditional banking business.
That is why his speeches are occasionally enlivened with obscure references to ice hockey, moose or, as in Thursday's speech, a rather strained metaphor linking central banking to canoeing.
The new leader must repair the bank's strained relationship with its regulators, and perhaps, set it on a new course.
The Citi Holdings job also exposed Mr. Corbat to regulators, who kept a close eye on the unit and have had a strained relationship with the bank since the crisis.
Ending our treatments was one of the bravest decisions we ever made, and we did it to preserve what little remained of our shattered selves, our strained relationships and our depleted bank accounts.
The authors wrote that they had undergone "increasingly invasive interventions" and had finally decided to end their fertility treatments, which, they say, "was one of the bravest decisions we ever made, and we did it to preserve what little remained of our shattered selves, our strained relationships and our depleted bank accounts.
In a release issued Wednesday by Fitch, Charlene Chu, the firm's senior director for financial institutions in China, said that the financial positions of Chinese banks were more strained than they appeared to be and that "future asset quality deterioration is a near certainty".
With fourth quarter results among U.S. banks showing another strained three months for trading businesses, and euro zone debt troubles still unresolved, headhunters and bankers have been predicting for weeks that cuts would continue well into 2012.
In his testimony last week, Mr. Agius, who is stepping down as chairman of Barclays, admitted that the bank had had a strained relationship with the Financial Services Authority.
