Quotes About Banking

Others, having started by extending credit to customers, evolved into America's first investment banks. Lehman Brothers, founded by Henry Lehman, a Jewish immigrant from Bavaria, began as a dry goods store in Montgomery, Alabama, in 1844. Lazard Frères, founded by three Jewish brothers from France, began as a wholesale business in New Orleans in 1848.

I wish life was like banking,' I said. 'I don't mean it's straightforward. Some of it's incredibly complicated. But you can understand it in the end, if you try hard enough. Or there's someone, somewhere, who understands it, even if only afterwards, after it's too late. The trouble with life, it seems to me, is that it can turn out to be too late and you still haven't understood it.

Voleo bih da je život kao bankarstvo', rekao sam. 'Ne mislim doslovno. Ima tu vrlo komplikovanih stvari. Ali, na kraju sve shvatiš ako se samo potrudiš. Ili uvek postoji negde neko ko se razume, pa makar i naknadno, kad je ve? kasno. Nevolja sa životom, kako se meni ?ini, jeste da može ve? za sve da bude kasno, a da ti ipak i dalje ništa ne shvataš.

It is unquestionable true that the £1,000 which you deposit at A today may be reissued tomorrow, and form a deposit at B. The day after that, reissued from B, it may form a deposit at C... and so on to infinitude; and that the same £1,000 in money may, thus, by a succession of transfers, multiply itself into a sum of deposits absolutely infinite.

Banking may well be a career from which no man really recovers.

By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

Except for the con men borrowing money they shouldn't get and the widows who have to visit with the handsome young men in the trust department, no sane person ever enjoyed visiting a bank.

When a Banker jumps out of a window, jump after him - that's where the money is.

We are in a world of irredeemable paper money - a state of affairs unprecedented in history.

The whole profit of the issuance of money has provided the capital of the great banking business as it exists today.

Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.

The modern banking system manufactures money out of nothing.

Men are like bank accounts. Without a lot of money they don't generate a lot of interest.

Bankers are just like anybody else, only richer

My bank is the worst. They are screwing me. You know what they did to me? They're charging me money for not having enough money. Apparently, when you're broke, that costs money.

When banks extend loans to their customers, they create money by crediting their customers' accounts.

When I was coming up through the ranks, not that many people carried a lot money of money on them. This was before checks and credit cards.

They usually have two tellers in my local bank, except when it's very busy, when they have one.

Only put money in the banking system that you can afford to lose!

The history of paper money is an account of abuse, mismanagement, and financial disaster.

This bank-note world.

The essence of the contemporary monetary system is creation of money, out of nothing, by private banks' often foolish lending.

They explained to me that the bank cannot lend money to poor people because these people are not creditworthy.