Quotes About Banking

At Square, we got our tech up and running in three weeks, but it took us 18 months to get licenses, banking relationships and everything else we needed to be able to move money. We had to partner up with major companies to do it.

As the world has become more predatory and aggressive, my impression is that the investment banking business has moved from being relationship-oriented to being increasingly transaction-oriented.

Derivatives are a huge, complex issue.

Limiting the destructive risk-taking by large financial firms and banks which are 'too big to fail' is needed.

The growth that we are targeting for our bank is in line with the banking industry.

I want to work in a bank, definitely. Hopefully, my acting career will go well. But if it doesn't, I go to a bank. If it does, then even at the age of 40, I will still go to a bank, but I have to work in a bank, because I'm really fond of taxation and accounts and investments and all of that. So I will do it. At some point, I will, yes.

The opportunity to create wealth in foreign banks exists only in the investment banking space. Working in a local company teaches you to think long term.

I mean, Dodd-Frank is strangling small community banks. It doesn't make any difference what the interest rate is. They're not - they're not going to loan the money because they can't make any money for one thing plus the cost of compliance.

A farmer in Jhalsu village loses a whole day's earnings if he goes to a bank branch, a couple of km away, for a simple transaction like depositing or withdrawing cash.

notably the 1999 repeal of the US Glass–Steagall Act – allowed commercial banks to become investment banks as well. In addition to investing their depositors' money, they became highly leveraged speculators in the newly developed securities

Bankers regard research as most dangerous a thing that makes banking hazardous due to the rapid changes it brings about in industry.

one ATM could do the work of no fewer than thirty-seven human tellers (and, into the bargain, rarely fell ill). In the United States, about half of all those employed in retail banking—some 500,000 people—lost their jobs between 1980 and 1995, thanks in large part to the invention of these silkily efficient machines.

On September 20, 1931, the British government announced that England was going off the gold standard. It would no longer exchange gold for deposits at the Bank of England or for British currency,

The hazard of metrics so purely focused on monetary return on investment is that like so many metrics, they influence behavior. Already, universities at the very top of the rankings send a huge portion of their graduates into investment banking, consulting, and high-end law firms—all highly lucrative pursuits.48 These are honorable professions, but is it really in the best interests of the nation to encourage the best and the brightest to choose these careers?

Electronic banking is still a clumsy way to replace a stamp. And interactive television seems to have vanished even before the ink dried on the mega-announcements.

A sense of guilt, as well as the need for expiation, a baptism of fire, aren't things you can claim an exclusive right to. Life differs from banking because it has debts which are paid off by running up debt with others.

Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe.

I'm one of those lucky guys making a living out of something I really enjoy doing. That's a blessing. But you never know. What if my subsequent book series flops? I don't come from a wealthy background, so I'd be left with no choice. I'd have to go back into banking!

Mobile devices, high-speed data communication, and online commerce are creating expectations that convenient, secure, real-time payment and banking capabilities should be available whenever and wherever they are needed.

The process by which banks create money is so simple that the mind is repelled.

Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.

Identity theft involving these cards is a growing form of white collar crime, facilitating illegal immigration, banking and accounting fraud, tax evasion, and other nefarious activities.

Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest!

We should ban banks from risk-taking because society is going to pay the price.