Suggestions that E*Trade Financial Corp. faces bankruptcy are "absolutely irresponsible," the company's CEO said in an interview on CNBC Wednesday.
"Specifically referencing bankruptcy when we are well capitalized and we have excess capital, when we are sound, when our retail franchise has never been stronger, and mention a run on the bank in my mind is absolutely irresponsible; irresponsible to shareholders, irresponsible to our customers, and irresponsible to our employees," said Mitchell Caplan.