Quotes About Banking

Many of the things that we take for granted around the table, like cashing a check or just paying a bill or sending money to somebody you love, is very time consuming.

There's something called, 'resolution authority,' which gives the government the power to takeover a failing bank - something they didn't have pre-Lehman Brothers.

One of the most popular scams is what they call account takeover. You write me a check, and I simply go online to a check-printing service and order 200 checks with your account information.

Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!

State-regulated insurance companies, like the Equitable Life Insurance Company and the Prudential Life Insurance Company, also declared that their policy was not to issue mortgages to whites in integrated neighborhoods. State insurance regulators had no objection to this stance. The Bank of America and other leading California banks had similar policies, also with the consent of federal banking regulators.

Southern rivers, ports, and harbors received a fraction of the funds devoted to the Eastern and Pacific states, and even the critical levees along the Mississippi River languished. For the rest of the century Southerners contended that the banking system, the tariff, and federal subsidies for internal improvements discriminated against the South, and they clearly did.

The bank account was opened by her. She uses Fowler's badge number as a way of getting back at him, just in case she's caught, which she was. I'm showing you the spin that can be put on this. As a witness she stinks, I'm telling you. Your call. You tell me what you want me to do." She met and held eyes with him. "I hate attorneys," Boldt told her. "Me too." She smiled. "All my friends are cops.

In the bank they did the same kind of stuff the fortune-teller and the bookie had done. But they dressed better.

Morgan challenged London's established banking firms and eventually surpassed them, becoming the most important American banker in London in the 1860s.

While Morgan-who died in 1890 after falling off his horse-drawn carriage near the Italian border-must be remembered for laying the foundation for the House of Morgan

Instead of being described in the investment banking section, J.P. Morgan could as easily have been included in this section, as the last of the Dinosaurs, and perhaps the greatest and most powerful of them all.

Mayer Rothschild created a financial dynasty that grew to finance the development of western civilization. Because of Rothschild and the banking house he built with his five sons, money flowed throughout Europe with ease, enabling the industrial revolution to take place and lift Europe from the dark ages.

Mayer, still not content with the excess, next began operating a money exchange bureau in their yard. What's considered the very first Rothschild bank appeared to be a nine-square-foot hut-but things weren't quite what they appeared to be. Mayer installed a large iron chest that, when opened from the back, revealed a stairway leading to a secret storage cellar.

harting the rise of Lehman Brothers, one of Wall Street's greatest investment banking houses, essentially traces the gradual emergence of a powerful, industrial United States. Beginning as cotton brokers in an agricultural society, the first Lehmans to arrive in America helped finance the Confederacy during the Civil War, and then turned to Wall Street to dabble in commodities well into the 1900s.

Our banking system grew byaccident; and wherever something happens byaccident, it becomes a religion.

Banks frown when employees torch the home of their principal account holder.

Bank clerks and travel agents, who a short time ago seemed completely secure from automation, have become endangered species.

The sum total of money in the world is about $60 trillion, yet the sum total of coins and banknotes is less than $6 trillion.7 More than 90 per cent of all money – more than $50 trillion appearing in our accounts – exists only on computer servers.

Chase National Bank in New York

she was roughly handcuffed and arrested. Julio was roughed up and arrested as well—all for closing an account at Citibank.

Is this complicated, risky [banking] system the best we can have?

The politics of banking is bad everywhere, including UK. Eurozone has more problems, unhealthy symbiosis.

Most investments involve risks. If investments are funded by borrowing, the risks are borne not just by the borrowers but also by the lenders, and possibly by others. The borrowing itself magnifies risk, and it creates fundamental conflicts of interest that can also lead to inefficiencies. These conflicts of interest and inefficiencies explain what is wrong with banking.

By the time Obama came into office, Washington had already agreed over a period of a few weeks to a $700 billion government infusion into the world banking system. Nothing of the sort had ever been done before, and it was done spit spot with very little national debate.