Quotes About Banking

I liked the so-called Volcker Rule. I would have separated investment banking and commercial, deposit banking, as we did under the Glass-Steagal Act. I would have brought back Glass-Steagal.

So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services.

I believe Indian banks have a strong funding profile with largely deposit-funded balance sheets, a large physical presence to cater to the needs of customers, and ability to provide comprehensive solutions to customers.

We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit.

We are going to make people who do some things with Santander into loyal customers who bank with us every day. This is what will allow us to compete in a world where banking customers have more and more choice. If we don't do this, then we won't grow in the next decade.

Would you like your money starched, sir? Box or hanger? Thanks for using GloboBank.

Even among Goldman alumni, Steven Mnuchin has distinguished himself by his willingness to profit off misery. After the 2008 Wall Street collapse, and in the midst of the foreclosure crisis, Mnuchin purchased a California bank. The renamed company, OneWest, earned Mnuchin the nickname "Foreclosure King," reportedly collecting $1.2 billion from the government to help cover the losses for foreclosed homes and evicting tens of thousands of people between 2009 and 2014.

The only use for military service is that it reveals the number of morons in the population," he would remark. "And that can be discovered in the first two weeks; there's no need for two years. Army, Marriage, the Church, and Banking: the Four Horsemen of the Apocalypse.

The only use for military service is that it reveals the number of morons in the population, he would remark. And that can be discovered in the first two weeks; there's no need for two years. Army, Marriage, the Church and Banking: the Four Horsemen of the Apocalypse. Yes, go on, laugh.

I learned how to lend money by cleaning up the messes of others who had made loans before me.

Consumer banking - selling debt to middle class families - has been a gold mine.

In 2010, I was working in a bank in Lagos. It was a crazy job with long working hours. I had to leave for the office by 5:30 A.M., and sometimes I wouldn't be back until midnight.

No bank should be too big or too complex to fail, but almost any bank is too big to liquidate quickly, particularly in the midst of a crisis.

Lawyers make nothing but confusion... A lawyer is an instrument of the devil. In general, he's a fiendish idiot, banking on the stupidity of people much more stupid than himself, and by God he's always right.

The dollar has lost over 95 percent of its value since the Fed was created.

we should abolish the Fed altogether, since in the view of these economists it is entirely superfluous to a market economy.

I believe that banking institutions are more dangerous to our liberties than standing armies.

Although banking was then still in its rudimentary state, Nathan fully understood the interplay between finance and economics, the effects of political news on the stock exchange, the quickest way to bull or bear a market, and how gold reserves affected the exchange rate.

They bought blocks of bonds priced from 80 to 82 cents on the dollar, paying for them in bank notes worth half their face value!

The Law thereby prohibits three contemporary monetary phenomena that have contributed so heavily to the economically precarious position of modern nations: fiat money, fractional reserve banking, and deficit spending.

In the 1990s, the ratio of buy to sell recommendations climbed to 100 to 1, particularly for brokerage firms with large investment banking businesses.

One must be very sure of the bank before one opens an account.

The form of money has changed over time, but the basic infrastructure of financial institutions has not.

Limited Access. Today, 1.7 billion people are unbanked, making it very challenging for them to obtain loans and to operate in the world of internet commerce.