Quotes About Banking

To me, freedom of speech and debate are necessary inputs in solving any of our nation's problems, from homelessness and economic inequality to banking, the environment, and national security. Freedom of speech is what Larry Lessig would call a 'root' issue; working on free speech is striking at a root issue.

The number one problem with Dodd-Frank is it's way too complicated, and it cuts back lending, so we want to strip back parts of Dodd-Frank that prevent banks from lending, and that will be the number one priority on the regulatory side.

A bank-issued digital asset can only really efficiently settle between the banks who issued it. I strongly believe banks need an independent digital asset to enable truly efficient settlement, and we believe XRP is best positioned for that role.

Different countries have different kinds of financial structures.

In India, the investment banking industry is a little different. Overseas, the structures are very complicated, but not in India.

Bonnie and Clyde grew up in absolute poverty. They didn't go to school or have any money; the only way they could figure out how to get ahead was to steal. The banks were foreclosing on everyone's homes. I think a lot of people will be able to relate to that struggle.

The constant drip drop of fraudulent activities coming out of Wells Fargo is absolutely outrageous.

Divestment measures would improve overall banking sector health.

Without citizenship, Odette could not open an independent bank account. As a consequence, she cashed the money orders and kept her savings in old jam tins stored at the back of the pantry.

The records of a relatively small bank, C. Hoare's & Co. in London, which have survived intact from the period 1702–1724, illustrate this point. Though the bank did lend money to aristocrats and lords, fully two-thirds of the biggest borrowers from Hoare's over this period were not from the privileged social classes.

Creating banking monopolies and giving loans to politicians is good business for politicians, if they can get away with it. It is not particularly good for the citizens, however.

Díaz violated people's property rights, facilitating the expropriation of vast amounts of land, and he granted monopolies and favors to his supporters in all lines of business, including banking. There was nothing new about this behavior. This is exactly what Spanish conquistadors had done, and what Santa Ana did in their footsteps. The

Some of the bank people were so young they'd never seen a business proposal suggesting manufacturing things in the state of Massachusetts. They thought they'd unearthed some ancient shaman, full of clues to a forgotten world.

Triton has lost the use of the money while BankTrust sorts things out and

Competition and variety in financial services are always good things.

As far as the banking industry is concerned - and I am sure it must be true for various industries as well - is that the only thing that is constant is change. Your business models are changing, the customer demands are changing and the regulations are changing constantly.

A major impediment to economic advancement around the world is the fact that the vast majority of humans are unbanked.

Traditional consumer banking will come under extreme pressure as its central deposit-taking and lending functions are challenged by online savings vehicles, crowdfunding, and loan syndicating by such nontraditional competitors as insurance companies, pension and hedge funds.

Here's a startling fact: in the 45 years since the introduction of the automated teller machine, those vending machines that dispense cash, the number of human bank tellers employed in the United States has roughly doubled, from about a quarter of a million to a half a million.

Only institutions that go about the old-fashioned business of taking in deposits from customer A and lending them out to customer B should be called banks. The rest should call themselves what they are. 'Parlors' would be appropriate, or 'dens' - words more suitable to venerable betting pursuits.

My mother is chairman of a bank called the Indo-Zambia Bank. It's a joint venture between Zambia and India. My father runs Integrity Foundation, an anticorruption organization.

There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense.

This economy doesn't work well without the lubrication of credit and trust.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.