Banking Quotes - Page 7

• Stripe is building payment infrastructure for the Web, so we make it easy to accept credit cards online. Before Stripe, the way youd do this is using the legacy banking structure. It was slow, it was complex, it was expensive. It had this very chilling effect on e-commerce.

  John Collison

  Stripes, Credit, Way

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• The lifeblood of the economy is that the banking community is a circulatory system for American capitalism.

  Anthony Scaramucci

  Community, Economy, American Capitalism

  "What?! Ex-Congressman Barney Frank Endures Tough Interview...on National Public Radio!" by Jack Coleman, www.newsbusters.org. November 22, 2016.

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• As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for both the investment bank - which gets a huge volume of business - and the commercial bank because the commercial bank can walk into a company and say, "Oh, if you need X, Y and Z in Japan or China, we can do that for you."

  Jamie Dimon

  Commercial Banks, Japan, Needs

  Source: asia.nikkei.com

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• You have safety and soundness as primary purpose of the Federal Reserve, the OCC, and the other agencies which control banking regulation.

  Judd Gregg

  Agency, Safety, Purpose

  "Financial Regulatory Reform: Washington 'Going Stupid' Again?". "On the Record", www.foxnews.com. April 19, 2010.

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• Whether or not you have good consumer protection has a big effect on safety and soundness of the banking community, especially smaller banks.

  Judd Gregg

  Safety, Community, Protection

  "Financial Regulatory Reform: Washington 'Going Stupid' Again?". "On the Record", www.foxnews.com. April 20, 2010.

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• 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.

  Vince Cable

  Banking Crisis, People, Debt

  Liberal Democrat conference: Vince Cable speech in full, www.theguardian.com. September 22, 2010.

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• We are overdone with banking institutions, which have banished the precious metals, and substituted a more fluctuating and unsafe medium... These have withdrawn capital from useful improvements and employments to nourish idleness... These are evils more easily to be deplored than remedied.

  Thomas Jefferson

  Wisdom, Evil, Employment

  Thomas Jefferson (1853). “The Writings of Thomas Jefferson: Correspondence, cont”, p.516

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• There is only one kind of life insurance, and that is pure protection based on a mortality table. All others are pure protection plus a cash value element that I call 'funny' banking.

  Venita VanCaspel

  Elements, Cash, Tables

  Venita VanCaspel (1986). “Money dynamics for the new economy”, Simon & Schuster

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• The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short notice to repay, ought to touch, are those which are easily saleable and easily intelligible.

  Walter Bagehot

  Simple, Short Notice, Bankers

  Walter Bagehot (2007). “Lombard Street: A Description of the Money Market”, p.246, Cosimo, Inc.

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• The majority of America's colossal fortunes have been made by entering industries in their early stages and developing leadership in them.... Think of what opportunities the present and the future contain in such fields as ship-building and ship-owning, aircraft, electrical development, the oil industry, different branches of the automotive industry, foreign trade, international banking, invention, the chemical industry, moving pictures, color photography, and, one night add, labor leadership.

  B. C. Forbes

  Photography, Moving, Thinking

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• American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.

  Llewellyn Rockwell

  Running, Money, Years

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• Open the books ... and you will be staggered to see how much American money has been taken from the United States Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia, by its correspondent, the Chase Bank of New York [owned by the Rockefellers].

  Louis Thomas McFadden

  New York, Book, Taken

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• We need banking. I mean, right now, there are so many places in America where the banks are not doing what they need to do because they're scared of regulations, they're scared of the other shoe dropping, they're just plain scared,so credit is not flowing the way it needs to to restart economic growth.

  Hillary Clinton

  Mean, Shoes, America

  Source: www.wbur.org

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• If you look at the banking business over many years, it's always been a huge user of technology. This has been going on my whole life, that people have been adding technology, digitizing services.

  Jamie Dimon

  Technology, Years, People

  "Jamie Dimon on Finance: 'Who Owns the Future?'". Interview with John Micklethwait, www.bloomberg.com. March 1, 2016.

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• The federal [bank deposit] insurance scheme has worked up to now simply and solely because there have been very few bank failures. The next time we have a pestilence of them it will come to grief quickly enough, and if the good banks escape ruin with the bad ones it will be only because the taxpayer foots the bill.

  H. L. Mencken

  Grief, Pestilence, Bills

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• [Oliver North is a] document-shredding, Constitution-trashing, Commander in Chief-bashing, Congress-thrashing, uniform-shaming, Ayatollah-loving, arms-dealing, criminal-protecting, résumé-enhancing, Noriega-coddling, Social
  Security-threatening, public school-denigrating, Swiss-banking-law-breaking, letter-faking, self-serving, election-losing, snake-oil salesman who can't tell the difference between the truth and a lie.

  Chuck Robb

  Funny, Lying, School

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• I think one could argue that there's more political input into the regulatory side, and on the regulatory side there seem to be fewer people with financial and banking experience - there are more lawyers, academics, economists, maybe politicians now.

  Jamie Dimon

  Thinking, People, Political

  "Jamie Dimon on Finance: 'Who Owns the Future?'". Interview with John Micklethwait, www.bloomberg.com. March 1, 2016.

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• They have a policy in China for their big companies called "Go abroad." It's a rational thing for both the company and the country to say, "We want big, successful companies." Particularly in areas where they need it: agriculture, energy, technology. I think banking, too. One or two have bought a trading house. Some have already begun expanding around the world. Of course they're going to have those ambitions. Why wouldn't they? They're just doing it methodically. It's a logical strategy and, well-executed, they will succeed.

  Jamie Dimon

  Country, Ambition, Successful

  "Jamie Dimon on Finance: 'Who Owns the Future?'". Interview with John Micklethwait, www.bloomberg.com. March 1, 2016.

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• Banking is a branch of the information business.

  Walter Wriston

  Branches, Information

  1986 Risk and Other Four-Letters Words.

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• I was educated in a private school in England amongst people who had been trained for sort of banking or the Army or business. As I came towards the end of my education, I thought I must find something or I'll never meet any of these people again.

  Jeremy Irons

  School, Army, People

  "Actor Jeremy Irons". "The Tavis Smiley show", www.pbs.org. September 7, 2012.

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• Stock dealers and banking companies, by the aid of a paper system, are enriching themselves to the ruin of our country, and swaying the government by their possession of the printing presses, which their wealth commands and by any other means, not always honorable to the character of our countrymen.

  Thomas Jefferson

  Country, Character, Mean

  Thomas Jefferson, Andrew M. Allison (1983). “The Real Thomas Jefferson”, Natl Center for Constitutional

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• I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess who takes the loss? The bank, not me.

  Kevin Mitnick

  Loss, Cards, Credit

  "A convicted hacker debunks some myths". Interview with Manav Tanneeru, www.cnn.com. October 13, 2005.

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• An MBA is a great degree for career paths like investment banking, finance, consulting, and large companies. An MBA is not necessarily the right path for starting a tech company. You should be building a prototype, not getting an MBA in that case.

  Guy Kawasaki

  Mba, Careers, Degrees

  "Interview with Guy Kawasaki | Entrepreneur, Venture Capitalist, Author (Enchantment)". Interview with Sameer Kamat, www.mbacrystalball.com. June 26, 2011.

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• When we think about living donor transplant, what we're banking on is the ability of the liver to regenerate itself. Now, it's not the same sort of regeneration we think about with the starfish where we cut off the arm and it grows a new arm. With the liver, what happens is the remaining liver gets bigger, and your body knows the size of the liver that it needs, and when it recognizes that there is not enough liver, it sends nutrients and signals to the liver and says "get bigger."

  John Roberts

  Cutting, Thinking, Needs

  Source: www.ucsfbenioffchildrens.org

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• By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.

  Karl Marx

  Taken, Mean, Hands

  Karl Marx (1975). “Karl Marx, Frederick Engels: Karl Marx: Capital, Vol. 3”, International Pub

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