Quotes About Banking

The Emergency Banking Act reached back in time to amend the Trading with the Enemy Act of 1917, which had originally been intended to criminalize economic intercourse between American citizens and declared enemies of the United States.

Normally, we define banks as being either retail or corporate, but ICICI transformed itself from a corporate bank into a retail bank and, now, a universal bank.

In this way, the charge that the bank makes for the use of its notes - the interest - is a continual and universal tax upon all the members of the community.

I've never categorically been a banker. I had two internships while I was at university. The decision was more banking, or magic, and I went with the latter.

Long live Grameen Bank. Let the power of poor women prevail.

The Federal Reserve is incapable of accomplishing its stated objectives.

During my eight years at Deutsche Bank, the bank ticked every box with the elite development programs, coaching, mission statements for the advancement of women - and I was proud to be a part of it.

The States is run by the Federal Reserve, an institution that answers only to itself and to a few large banks. It's modelled on the Bank of England. Ben Franklin said that one of the main reasons America revolted was to get away from the Bank of England, the mother of all central banks - the most pernicious and insidious of all.

The front of a cheque alone gives someone enough information to steal your identity.

When it comes to making laws that protect the public from the financial services industry, Congress has done a progressively worse job since the Pecora Commission hearings of the early 1930s, which led to Congress taking bold steps to regulate banking and securities firms in 1933 and 1934.

Without deposit banking modern economies would be impossible. Banks are not only a means of safeguarding money, but also a method of maintaining a constant and energetic flow of capital within a complex economy. Without deposit banking money that is saved is hidden away and removed from the economy—it does nothing except preserve its original worth. Deposit banking, however, allows saved money to be loaned and invested, thereby producing more wealth.

Having rolled back the landmark economic reforms of the sixties (the war on poverty) and those of the thirties (labor law, agricultural price supports, banking regulation), its leaders now turn their guns on the accomplishments of the earliest years of progressivism (Woodrow Wilson's estate tax; Theodore Roosevelt's antitrust measures). With a little more effort, the backlash may well repeal the entire twentieth century.4

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

vast accession of strength from their younger recruits, who having nothing in them of the feelings or principles of '76 now look to a single and splendid government of an Aristocracy, founded on banking institutions and monied in corporations under the guise and cloak of their favored branches of manufactures commerce and navigation, riding and ruling over the plundered ploughman and beggared yeomanry.

The enemy in retirement was that nothing you did seemed to cause you to look forward to anything. Weekends were the same as weekdays, and payday was just a notice from your bank that the check had arrived as usual.

The very word "bank" caused heartburn among the Saudis, who associated it with the collection of interest. For that reason, when the king accepted Young's draft charter and created the central bank by royal decree in 1952, the institution was called the Saudi Arabian Monetary Agency, or SAMA, the name it still bears.

ICICI Bank was the first bank to recalibrate its ATMs for 2000 and then also for 500 rupee notes, and now we have some ATMs which give out 2000, 500, 100 - all of them.

Why do I have an issue with banks? They have their greedy fingers in everyone's money. No other industry has the power to deduct a bill or fees directly from your own bank account without so much as a notice.

The business of a bank is to lend money; which amounts, nowadays, to lending credit.

I've seen numerous situations where collectors have taken more than the agreed-upon amount from someone's account once they gained access.

You can't explain collateralized debt obligation in a novel - it's too draggy.

Scott Fetzer's letter of engagement with the banking firm provided it a $2.5 million fee upon sale, even if it had nothing to do with finding the buyer. I guess the lead banker felt he should do something for his payment, so he graciously offered us a copy of the book on Scott Fetzer that his firm had prepared. With his customary tact, Charlie responded: "I'll pay $2.5 million not to read it.

The banking industry, corporate life, the mass media, religious ministries, athletics, law schools: Each has its scandals. In nearly every case the pattern is similar: Truth is adjusted or "interpreted," ignored or justified away, to get seemingly urgent results. And deceit then spreads and takes root like a weed.

You can buy that lie if you want, but if you're working for a bank, you don't study the counterfeit to know the real thing. You study the real thing to know the counterfeit.