Banking Quotes - Page 13

• I'd make banks more accountable. I think they should separate totally the personal banking arm with whatever else they are playing around with.

  Anne Robinson

  Thinking, Arms, Should

  "Anne Robinson: 'I was paid £300 a week for Points of View, now I'm worth £30m'". Interview with Roz Lewis, www.telegraph.co.uk. December 20, 2015.

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• National law has no place in cyberlaw. Where is cyberspace? If you don't like banking laws in the United States, set up your machine on the Grand Cayman Islands. Don't like the copyright laws in the United States? Set up your machine in China. Cyberlaw is global law, which is not going to be easy to handle, since we seemingly cannot even agree on world trade of automobile parts.

  Nicholas Negroponte

  Islands, Law, United States

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• Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.

  Lawrence Reed

  Successful, Past, Gold

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• We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.

  Janet Yellen

  Maturity, Shadow, Needs

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• The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. [...] Everybody seems to think it is a free and clear open checkbook. It's not. [...] The banking system in China is extremely fragile.

  James Chanos

  Thinking, People, Chinese

  "JIM CHANOS: I Visited Hong Kong And Australia, And This Is What I Saw" by Joe Weisenthal, www.businessinsider.com. November 23, 2011.

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• So perhaps the most worrying single remark made by a responsible banking official during the current crisis came from Jochen Sanio, the head of Germany's banking regulator BaFin. He warned on Aug. 1 that his country could be facing the worst banking crisis since 1931 - a reference to the collapse of Austria's Kredit Anstalt, which provoked a wave of bank failures across Europe.

  Martin Walker

  Country, Banking Crisis, Europe

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• Let's be honest: the trappings of investment banking are quite tempting. I do miss it sometimes. And to be honest, there was a time I'd read the 'WSJ' in the morning, and for years I have done that.

  Chetan Bhagat

  Morning, Years, Missing

  "Q&A: Chetan Bhagat on His New Book". Interview with Diksha Sahni, blogs.wsj.com. September 19, 2011.

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• My grandmother got her law degree from Syracuse University in roughly 1911 and later co-founded with her husband an investment banking firm on Wall Street known as Lebenthal & Co.

  Buzz Bissinger

  Wall, Husband, Grandmother

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• Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.

  Barry Eichengreen

  Mean, Europe, Political

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• Occupants of public offices love power and are prone to abuse it.

  George Washington

  Money, Power, Office

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• The collapse of the world's banking system and the impending disaster of accelerating climate change are not separate phenomena. They are simply the most visible symptoms of a particular model of capitalism that will bring civilisation to its knees. But those symptoms will not get sorted unless and until we commit to a radical transformation of the way we create and distribute wealth in the world today

  Jonathon Porritt

  Climate, World, Knees

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

  Vikram Chatwal

  Careers, Path, Investment

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• I advise other companies' CEOs, don't fall into the trap where you go, 'Where's the growth? Where's the growth?' Where's the growth?' They feel a tremendous pressure to grow. Well, sometimes you can't grow. Sometimes you don't want to grow. In certain businesses, growth means you either take on bad clients, excess risk, or too much leverage.

  Jamie Dimon

  Fall, Mean, Risk

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• 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.

  Ludwig von Mises

  Government, Granted, Difficult

  Ludwig von Mises (2016). “Human Action”, p.552, Lulu Press, Inc

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• I realize this is blasphemy, but a few weeks ago I tried to watch a NASCAR race being run at Talladega. I lasted about five minutes before terminal boredom overtook me. It appeared to be nothing more than a high-speed freeway commute--a mob of luridly painted, identical lumps of metal loping at 180 mph around the banking, fender to fender, nose to tail. Knowing the scenario would surely devolve into a multicar demolition derby that would thrill the goobers in the grandstands, I turned off the set to later learn that this time it was Jimmie Johnson who triggered the eight-car melee.

  Brock Yates

  Running, Eight, Race

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• The Internet will not become a money machine until the banking industry figures out how to transfer money for free so you can charge USD 0.005 (half a cent) for some simple service like, say, reading a newspaper article you have searched for. With today's payment system, the cost of the transfer of the funds completely dwarf the cost of the service paid for. ... This situation, however, is what acutely prevents the Internet from taking off as a network for paid services.

  Erik Naggum

  Reading, Simple, Dwarves

  "Is it ok if I quote?". Usenet discussion groups, groups.google.com. September 23, 2002.

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• Innovation has stalled in the banking industry. While the rest of the world is in the digital age, banking remains stagnant. We are here to change this and bring banking to the 21st century. We will ensure our customers feel involved in the progress of this bank and are offering them a truly enjoyable banking experience – different from anything they have experienced before.

  Jay Sidhu

  Offering, Innovation, Age

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• Where our knowledge of beauty harmonizes with the ludus naturae, sorcery begins.No, not spoon-bending or horoscopy, not the Golden Dawn or make-believe shamanism, astral projection or the Satanic Mass--if it's mumbo jumbo you want go for the real stuff, banking, politics, social science--not that weak blavatskian crap.

  Hakim

  Real, Believe, Dawn

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• In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.

  Janet Yellen

  Jobs, Decision, Boards

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• In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less.

  John Kenneth Galbraith

  Style, Association, Conservative

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• My father invested his money so securely in the banking business that he was never able to get any of it out again.

  Thomas Bailey Aldrich

  Father, Able

  Thomas Bailey Aldrich (1872). “The Story of a Bad Boy”, p.11

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• Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk.

  Christine Lagarde

  Country, People, Risk

  "Christine Lagarde: Facing down worldwide recession". Interview with Lara Logan, mobile-feeds.cbsnews.com. November 21, 2011.

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• People rightly want our political leaders - on all sides - to concentrate on minimising the damage to jobs, living standards and our savings from the banking crisis.

  Lucy Powell

  Jobs, Banking Crisis, People

  "Mandelson's return: this is a bold and shrewd move" by Lucy Powell, www.theguardian.com. October 03, 2008.

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• Feminism is the most revolutionary idea there has ever been. Equality for women demands a change in the human psyche, more profound than anything Marx dreamed of. It means valuing parenthood as much as we value banking.

  Polly Toynbee

  Women, Mean, Ideas

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• Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers.

  Frances O'Grady

  Government, Stripes, Growth

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