Quotes About Banking

A man who is without capital, and who, by prohibitions upon banking, is practically forbidden to hire any, is in a condition elevated but one degree above that of a chattel slave. He may live; but he can live only as the servant of others; compelled to perform such labor, and to perform it at such prices, as they may see fit to dictate.

In my experience, not all women want to run the world. Not all women want to run a big banking conglomerate. Not all women want to be prime minister. What a lot of women want is a good career that respects them... and high-quality, affordable childcare.

Managing and moving your money should be a right, not a privilege. This isn't about banking the unbanked. It's about re-imagining what consumer retail banking can be.

The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data.

ATM is still a cash channel; we want to migrate it to the digital channel.

It is possible that the digital world may change the need for physical branches. We will continue to add branches incrementally, but we will reach a point - whether it is 1,500, 1,800 or 2,000 branches - where we will say enough is enough.

Banks need to have large shareholders on the board that have a direct interest in their performance.

And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling.

You can't grow unless your banking system is expanding and you are extending credit.

If you are afraid to fail, then you should go and become a banker.

The only way to make sure no bank is too big to fail is to make sure no bank is too big.

The bottom line is that the euro is a failed experiment.

Bailing out every bank that fails makes the system riskier, not safer.

I write about banking because it is something I'm familiar with. Also, I don't have to do much research on it.

As technology progresses, I believe that fintech will fundamentally change finance.

If we want to be the banker to every Indian as we want to be, then we will have to use technology.

banking is like religion: you have to accept certain rather dicey things simply on faith, and then everything else follows in marvellous logic.

Lujo Brentano (1844–1931), who correctly noted that industrial capitalism originated in southern Europe long before the German Reformation and was taken north mainly by Catholic banking firms.

Warburg hesitated before daring to reply. "Your bank is so big and so powerful, Mr. Stillman, that when the next panic comes, you will wish your responsibilities were smaller.

The Federalists were allied with powerful banking and merchant interests in New England and on the Atlantic seaboard and were disproportionately Congregationalists and Episcopalians.

Hamilton, wanting the bank to remain predominantly in private hands, advanced a theory that became a truism of central banking—that monetary policy was so liable to abuse that it needed some insulation from interfering politicians: "To attach full confidence to an institution of this nature, it appears to be an essential ingredient in its structure that it shall be under a private not a public direction, under the guidance of individual interest, not of public policy." 18 At

Months after leaving office, he wrote to the Bank of the United States and admitted that he did not know his account balance because he had lost his bank book—this from the man who had created the bank.

and they pooled their money to set up the new bank.

Pierpont was amenable to central banks so long as they were private and had boards composed of bankers.