Best 224 quotes in «banking quotes» category

Destabilization and turmoil,[Steven] Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.

Deposit insurance has proved to be the crack cocaine of American finance.

Each central banksought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.

Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them.

Every banker knows that if he has to prove that he is worthy of credit, however good may be his arguments, in fact his credit is gone: but what we have requires no proof.

Early in my investment-banking career, I realized I was on a path that others had set out for me.

Food banking as well as other antihunger programs do a good job of managing poverty by alleviating its worst symptom, hunger.

Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and I shall die abhorring.

Genealogy of American Finance is a treasure trove of information on American banking and its history, in an unusual -- and unusually useful -- format.

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.

I believe entertainers should know what's going on and do their own banking.

Hollywood is a small, familial place. Everyone does business with everybody else. The same complications occur in investment banking.

I am myself persuaded, on the basis of extensive study of the historical evidence, that... the severity of each of the contractions - 1920-21, 1929-33, and 1937-38 - is directly attributable to acts of commission and omission by the Reserve authorities and would not have occurred under earlier monetary and banking arrangements.

I don't think you can consistently be a winning trader if you're banking on being right more than 50 percent of the time. You have to figure out how to make money being right only 20 to 30 percent of the time.

I do not think you can trust bankers to control themselves. They are like heroin addicts.

I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest. I'll be all right; I've got a few veg.

I don't like the anonymity of the banking process - people now don't have a bank manager they ever meet.

If all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.

I do think that the banking system is now in the most perilous state we've seen in over 70 years.

I doubt if there is any occupation which is more consistently and unfairly demeaned, degraded, denounced, and deplored than banking.

I dream of a Digital India where mobile and e-Banking ensures Financial Inclusion.

If I had quietly retired as governor in 2007 and went into banking or something of that nature, I would have been, at most, a footnote in the story and probably never mentioned.

I'm not against banking. Banking allowed our modern society to happen, it is essential. It connects the work through finance, so banking is good.

If you are in banking and lending, surprise outcomes are likely to be negative for you.

I have nothing against investment banking, but it's like massaging money rather than creating money.

I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again

If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.

If you want to change the way your banking system is regulated, if you want to learn the mistakes of what's gone wrong, then you have to change your government.

I hesitate to deposit money in a bank. I am afraid I shall never dare to take it out again. When you go to confession and entrust your sins to the safe-keeping of the priest, do you ever come back for them?

In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are using their mobile phones.

Implicit in the banking concept is the assumption of a dichotomy between human beings and the world: a person is merely in the world, not with the world or with others; the individual is spectator, not re-creator.

Indeed, better risk management may be the only truly necessary element of success in banking.

In banking or insurance trust is the only thing you have to sell.

Independently of its misdeeds, the mere power, - the bare existence of such a power, - is a thing irreconcilable with the nature and spirit of our institutions.

In the simplest sense, the key to the performance of any traditional commercial bank ... is the profitability of the loans it makes.

In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.

In the U.A.E. we were the least-regulated environment in the region, and over time we are seeing more and more regulation coming in. On the other hand, a central bank can overregulate and choke the economy, and then we will have a dead banking industry.

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

Irrational lenders come and go - mostly they go!

I particularly remember the time I gave (the research director) my paper on the banking industry. I felt very proud of my work. However, he read through it and said, 'This is useless. What makes the stock go up and down?' That comment acted as a spur. Thereafter, I focused my analysis on seeking to identify the factors that were strongly correlated to a stock's price movement as opposed to looking at all the fundamentals. Frankly, even today, many analysts still don't know what makes their particular stocks go up and down.

I only know one thing: Everything I learned about the banking business, I learned in the banking towers of the Societe.

It is easier to rob by setting up a bank than by holding up a bank clerk.

I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country.

Is this complicated, risky [banking] system the best we can have?

I think what they've been doing is largely almost in firefighting mode without a good conceptual framework - either at the micro or the macro level. Micro, you would ask: "What kind of financial or banking system do we want?" Macro, you would say: "What are the underlying problems in the structure of our economy?

It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.

It is extremely difficult for our contemporaries to conceive of the conditions of free banking because they take government interference with banking for granted and as necessary.

Italy is the fourth-largest economy in Europe and the eighth-largest economy in the world, and its banking system is collapsing. And Germany is desperate. It must maintain its standard of living. It can only do that with exports and Deutsche Bank is very exposed to Italian debt. But so is the rest of Europe.

It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.

It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.