Famous Quotes & Sayings

Peter Schiff

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.

John Maynard Keynes

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

John Major

Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe.

Patrick Dixon

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

Mike Huckabee

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.

Martin Mayer

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

Rebecca MacKinnon

Google's entire business model and its planning for the future are banking on an open and free Internet. And it will not succeed if the Internet becomes overly balkanized.

There's always a surprise. It's part of the fun of the job. One client's technical security manager said the issue was lack of board acceptance. So he showed us the email he was sending his boss and even I was lost in paragraph two, it was so dense. Another client hired two convicted hackers into his bank's development team on the new online banking project because they were 'nice guys'.

A banking crisis is a more realistic view than at any time in the last few years.

William Cohen

The more reliant we become upon computers and information systems, the more vulnerable we become to cyber-terrorists who will conceive unlimited ways to cripple our infrastructure, our power grids, our banking systems, our financial markets, our space based communications systems.

Nassim Nicholas Taleb

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

Citigroup is a latecomer to China's banking industry and it has catching up to do. It makes more sense for Citigroup to explore other options, such as taking stakes in Guangdong Bank, which also has a national distribution network, to help them expand.

i-flex is a perfect partner to Oracle with its competence in core banking sector.

Tommy Chong

I never had a criminal record. They were kinda banking on the fact that I was dirty as can be.

The figure, compared with 18.6 percent for the whole 2005, shows the banking industry has a steady growth pattern. Banks will likely ride China's economic expansion and a consumer boom into the next decade.

James Grant

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

The end goal is to get a banking relationship started.

The increase in orders is particularly welcome. The bond market may like the fact that the prices paid component dropped 11 points, reversing most of the big gain in November. Analysts are banking on strength in manufacturing next year to offset some of the expected weakness in housing related consumer demand.

John Adams

Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.

The earnings have been good. It indicates the fundamental trends are continuing to be good for the banking industry. I think we'll see 10 to 12 percent growth for the industry next year.

The earnings for the banking industry have generally been pretty good, ... We've had more pleasant surprises than we expected -- we anticipated a relatively dull quarter.

The Hong Kong market is a tough one for the banking sector.

You don't keep customers by insulting them or downgrading them, ... When you're in a meeting with buy-side clients, you say 'This is an investment banking client.' It's a code word for 'I'm not going to be harsh on this client,' or 'You need to read between the lines.'

Rick Pitino

I think I do regret leaving Kentucky because I took over a team with 15 wins banking everything on the Tim Duncan lottery, and once we didn't get Tim Duncan, I realized that leaving Kentucky was not a good move.

The UAE is the major banking center in the area, and they realized that unless they got serious about fixing their banking laws, their entire economic base would collapse.

This is not on the radar screen of the banking industry right now. They're not interested in small depositors.

This is really a moral victory for the banking industry, because we believe the credit unions were breaking the law and the Supreme Court affirmed that.

Sanford I. Weill

You can't control income. It varies based on conditions outside of [your] control. But you can control expenses.

Walter Bagehot

Every banker knows that if he has to prove he is worthy of credit, in fact his credit is gone.

Josiah Stamp

Banking was conceived in iniquity and born in sin.

Josiah Stamp

Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back.

Josiah Stamp

The modern banking system manufactures money out of nothing.

Vince Cable

There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people.