Quoted out of context twice?

my thursday's dinner

On Tuesday this week, MayBank Singapore slashed its three-year fixed home loan rates from 3.58% for all three years to 1.68% for the first year, 2.68% for the second and 3.38% for the third year. The new first-year interest rate is about 40% lower than similar packages being offered in the market.

Guess what was the headline on Friday's BT...

"Maybank's home loan promotion creates a buzz
Other banks won't get into price war, says OCBC's chief executive."

A couple of questions come to my mind when I saw that.
Has the editing process misquoted Mr Conner ie. quoted out of context?
For otherwise, can he speak on behalf of other banks? I am sure he was not trying to suggest that there is some sort of collective agreement with other banks not to cut rates.

Another incident of Mr Conner being quoted out of context was highlighted on Saturday's BT.

The letter by OCBC PR entitled "OCBC chief was speaking in jest" attempts to clarify Mr Conner's response when asked by a journalist at OCBC Bank's 2007 final results briefing what Mr Conner thought of DBS's incoming chief executive Richard Stanley.

Mr Conner responded in jest and said, 'You mean since I trained him?', drawing laughter from the audience. The quote in the article had implied that Mr Conner said 'I trained him' in a definitive manner.

Moral of the story - Beware of the danger of being quoted out of context when one speaks as a public figure.