Quotes About Banking

It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion.

When we see the banks get bailed out with seemingly no consequences while ordinary people pay the price with job and wage cuts through austerity measures, who could blame a person for wondering where the loyalties of their elected leaders really lie?

I am not in the business of pointing fingers or making excuses. However, recent history has shown that I, like thousands of others in Ireland, incorrectly relied upon the persons who guided Anglo and who wrongfully sought to portray a 'blue chip' Irish banking sector.

When I was very young in London, I had a bank account, which didn't have a great deal in it. I should think at least every three months the bank manager would call me up and threaten to strangle me because I had no money, and I was writing checks.

The failure of one regional bank, assuming it is following a traditional model, will not threaten the entire system.

Banks need to think through their ethics very carefully, and many have done so. I don't know any bank that dismisses the concept of ethical banking.

Under Bill Clinton's HUD Secretary Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in 'credit-deprived' areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting.

The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the state banks, impelled a further inflationary expansion of state banks on top of the spectacular enlargement of the central bank. Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818.

In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.

Did you ever figure to be living in a time when your check is good, but the bank bounces?

Note: Lehman Brothers was a very strong bank until it wasn't! This is why many experts utilize Canadian banks, since they tend to have the strongest financials.)

American and British business interests were to make a great contribution to the final nationalist victory, either through active assistance, such as that given by the oil magnate Henry Deterding, or through boycotting the Republic, disrupting its trade with legal action and delaying credits in the banking system.

dispatch riders would race across the world with padlocked briefcases, personally distributing keys to everyone who would receive messages from the bank over the next week. As business networks grew in size, as more messages were sent, and as more keys had to be delivered, the banks found that this distribution process became a horrendous logistical nightmare, and the overhead costs became prohibitive.

Louis was altogether convinced that if the ignorant politicians would keep their dirty hands off banking and the stock exchange and hours of labor for salesmen in department stores, then everyone in the country would profit, as beneficiaries of increased business, and all of them (including the retail clerks) be rich as Aga Khan.

You must learn to spend your money wisely...The main thing is not to have too much money to spend. This I have always found bewildering and a sure pathway to extravagance and foolishness. You only need to look about you among the unhappy members of the sporting set to see what happens when there is too much loose money in the bank.

Weak banks endangered sovereigns that were called upon to save them, and weak sovereigns endangered banks holding bonds at risk of default. Recession worsened the debt ratio, but austerity to reduce borrowing suppressed growth, or caused even worse recession.

No One Is a Relativist at the Bank

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.

Banks: "We should anticipate that at any point in time our U.S. banking system could suffer a blow from which it could not bounce back and which would result in government takeover…In whatever way it may start, if it starts, a series of major bank failures would totally alter the nation as we now know it.

Our banking system is like a bunch of kids stealing from the cookie jar, and when the central bankers are questioned about it, they lie, or they say they're doing it for our own good - and then we keep putting cookies in the jar - and keep allowing them to steal - when all that's really happening is they're getting a free snack on us. They don't even have to be on their best behavior to get the treat!

At the lowest level of the investment banking hierarchy are the analysts. To find this young talent, the I-banks send their manicured young bankers out to the Whartons, Harvards and Princetons of the world to roll out the red carpet for the top undergraduates and begin the process of destroying whatever noble ideals the youngsters have left.

By late 2008, one out of every five mortgage holders owed more than their homes were worth. The banks called in the loans, and the foreclosure notices piled up.

When I graduated from UCLA, I actually started interviewing for banking jobs. But at some point I realized a career in banking felt more like a continuation of school than a passion.

The failure of credit markets is one of the major reasons for underdevelopment.