Quotes About Banking

I keep wondering at night, 'Will I have a bank the next morning, or will some technology company be doing banking without needing a bank?'

There is only one kind of life insurance, and that is pure protection based on a mortality table. All others are pure protection plus a cash value element that I call 'funny' banking.

interest rates, foreign exchange

Lending to firms and individuals engaged in the production of goods and services – which most people would imagine was the principal business of a bank – amounts to about 3 per cent of that total (see Chapter 6

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

Customers deposit money in a bank for interest; the bank lends that money to other people at a higher rate of interest. This isn't glamorous or interesting, but then banking is not supposed to resemble base jumping or hip-hop.

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

A financier is a pawnbroker with imagination.

Quién exige demasiado de sí y de los otros es apto para trabajar en un banco, pero no para tener una bella historia de amor con su propia salud emocional.

Since 1987, there are now many more of us as at the higher levels with families, so I think, as role models, we are encouraging more women to stay within banking and rise up through the ranks.

Financial innovation is an oxymoron. It's very rare that there is something that's actually financial innovation. It's a euphemism for hiding leverage.

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.

Lending rate is a function of both liquidity as well as credit demand.

Nobody likes high interest rates.

There are so many instances in banking where 'free' simply doesn't mean free, whether it's opaque overdraft charges or credit card providers that are quietly raising interest rates without customers noticing.

You cannot take bank interest rates very sharply down: you will lose your deposit franchise.

When interest rates are coming down, you cannot have high margins.

Over time, low rates can put pressure on the business models of financial institutions.

Before the CFPB, there was no single agency or entity within the federal government tasked with protecting Americans from predatory or negligent practices of banks, credit card companies, mortgage lenders, payday lenders, credit rating agencies and other financial service businesses.

Banking now is like sending a letter: you send it, you don't know if it reached there. Ripple is more like sending an iMessage: you send it, and you immediately know.

When a bank calls in a loan, it obviously hurts the customer in question. But it also adversely affects other banks that have lent to this borrower. They are now less likely to be repaid and so can't as readily lend to their own customers.

I've never gotten cash out of a machine. I use my credit cards, so I don't need to do that.

Aberdeen, a city in the northern reaches of HSBC-London. Their

The common wealth has been used to build highways, develop the Internet and the satellite system, uphold the banking system, regulate the stock market, and support the court system, which guarantees contracts. No business functioning in the market could exist