Quotes About Banking

There are more repercussions for a person being a chronic speeding violator in our country, than there is for a big bank being a chronic violator of S.E.C. rules!

Most people who are poor have their money in a bank account that earns negligible interest. With the rapid inflation that we have because of rampant government spending, the people are losing purchasing power - they're actually becoming poorer.

Negro banks, as a rule, have failed because the people, taught that their own pioneers in business cannot function in this sphere, withdrew their deposits.

The grove in the temperate rain forest," it said, or as near as a crow could come to pronouncing those words, and then beat air and took off, rising toward the rafters but then banking hard down the slanted tube that would take it back into the transit.

Hollywood was merely a specialized bank—a consortium of large financial entities that hired talent, almost always for a flat rate, ordered that talent to create a product, and then marketed that product to death, all over the world, in every conceivable medium.

The liabilities of the bank thus became its deposits (on which it paid interest) plus its reserve (on which it could collect no interest); its assets became its loans (on which it could collect interest).

Large numbers of under-capitalized banks were a recipe for financial instability, and panics were a regular feature of American economic life - most spectacularly in the Great Depression, when a major banking crisis was exacerbated rather than mitigated by a monetary authority that had been operational for little more than fifteen years.

Banknotes (which originated in seventh-century China) are pieces of paper which have next to no intrinsic worth. They are simply promises to pay (hence their original Western designation as 'promissory notes')

banks have evolved since the days of the Medici precisely in order (as the 3rd Lord Rothschild succinctly put it), to 'facilitate the movement of money from point A, where it is, to point B, where it is needed'.48 Credit and debt, in short, are among the essential building blocks of economic development, as vital to creating the wealth of nations as mining, manufacturing or mobile telephony.

the Bank's proper role in a crisis as the 'lender of last resort', to lend freely, albeit at a penalty rate, to combat liquidity crises.42

Desde que en 1579 se hubieron sacudido del dominio español, los holandeses habían estado a la vanguardia del capitalismo europeo. Habían creado un sistema de deuda pública que permitía al gobierno tomar empréstitos de sus ciudadanos a un tipo de interés bajo. Habían fundado una institución parecida a un banco central moderno. Su moneda era sólida. Su sistema impositivo basado en los impuestos internos era simple y eficaz.

Ch? khi nào ng??i gá»­i ti?n Ä'Æ°a ti?n c?a mình vào các ngân hàng thì s? ti?n Ä'ó má»›i chuy?n d?ch t? v?n nhàn rá»—i tá»›i nh?ng ng??i ch?m ch?

Today, banking assets (that is, loans) in the world's major economies are equivalent to around 150 per cent of those countries' combined GDP.

Roughly two fifths of the world's population is effectively outside the financial system, without access to bank accounts, much less credit.

The best way to rob a bank is to own one.

There were no cheques; instructions were given orally and written in the bank's books. There was no interest; depositors were given discrezione (in proportion to the annual profits of the firm) to compensate them for risking their money.33

They achieved this by learning a crucial lesson: in finance small is seldom beautiful. By making their bank bigger and more diversified than any previous financial institution, they found a way of spreading their risks. And by engaging in currency trading as well as lending, they reduced their vulnerability to defaults.

The S&Ls were simultaneously losing money on long-term fixed-rate mortgages, because of inflation, and haemorrhaging deposits to higher-interest money market funds.

The Amsterdam Exchange Bank (Wisselbank) was set up in 1609 to resolve the practical problems created for merchants by the circulation of multiple currencies in the United Provinces, where there were no fewer than fourteen different mints and copious quantities of foreign coins.

By allowing merchants to set up accounts denominated in a standardized currency, the Exchange Bank pioneered the system of cheques and direct debits or transfers that we take for granted today. This allowed more and more commercial transactions to take place without the need for the sums involved to materialize in actual coins.

Although it performed the same functions as the Dutch Wisselbank, the Riksbank was also designed to be a Lanebank, meaning that it engaged in lending as well as facilitating commercial payments. By lending amounts in excess of its metallic reserve, it may be said to have pioneered the practice of what would later be known as fractional reserve banking, exploiting the fact that money left on deposit could profitably be lent out to borrowers.

From the summer of 1719 investors who wished to acquire the 'daughters' and 'granddaughters' were generously assisted by the Banque Royale, which allowed shareholders to borrow money, using their shares as collateral; money they could then invest in more shares.

I think what we really need to think about is how do we reimagine the management and movement of money in an era where everyone will have a smartphone.

In the US, banking and finance are regulated on the federal and state level, there are multiple federal bank regulators, and there are separate securities and commodities regulators.