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Banks Quotes
On privacy issues, it's just like hundreds of years ago when people said, 'I would rather put my money under my pillow than in a bank.' But today, banks know how to protect money much better than you do. Today, we may not have the answers to privacy issues, but I believe our young people will come up with the solutions.
Jack Ma
Today
You
Privacy
People
Money
Better
Will
Young
Believe
Our
Hundreds
Hundreds Of Years
Would
Solutions
Rather
Put
Come
Like
Know
Protect
Said
How
Answers
Pillow
Issues
Years
Years Ago
Up
Than
May
Bank
Just
Banks
Young People
Much
IBM, Microsoft, the profit they made was larger than the top four banks in China put together... But where did the money go?
Jack Ma
Together
Money
Made
Profit
Top
Put
Go
Than
Did
Microsoft
Where
Banks
China
Larger
Four
What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations.
James Chanos
People
Those
Out
Bad
Bubbles
Never
Over
Were
Questionable
Just
Banks
China
Realize
Organizations
Credit
Last
Two
Bonds
Loans
In China, remember, the the banks are arms of state policy. They loan because the local party official or regional party official tells them we need a new stadium. They are instruments of state policy.
James Chanos
Remember
Loan
Party
State
Local
Tells
New
Arms
Instruments
Policy
Because
Official
Stadium
Banks
China
Regional
Them
Need
As a young man, I lived through the Great Depression, when banks failed and so many lost their jobs and homes and went hungry. I was fortunate to have a job at a canning factory that paid 25 cents an hour.
James E. Faust
Depression
Great
Man
Job
Lost
Young
Great Depression
Hungry
Jobs
Through
Factory
Failed
Hour
Banks
Young Man
Cents
Paid
Fortunate
Many
Lived
Homes
Let's be honest: It wasn't just the banks who messed up. There were a lot of people who tried to buy assets they couldn't afford. That's a reality.
James P. Gorman
Buy
Reality
People
Tried
Messed
Messed Up
Were
Lot
Up
Afford
Just
Banks
Who
Assets
Honest
To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.
James P. Gorman
Better
Rule
Support
Clients
Enable
Banks
Should
Large
Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.
James Surowiecki
Political
Down
Ministers
Risk
Prime
Prime Ministers
Heads
Policymakers
Because
Manage
Personal
Banks
Whether
Central
Much
Choices
Hard
You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.
Jamie Dimon
You
Lobbying
Way
Constantly
Look
Read
Officials
Banks
Inappropriate
Elected
Elected Officials
As American citizens, if you believe all banks were bailed out, you would hate banks. I would, too.
Jamie Dimon
You
Hate
Believe
Too
Out
Citizens
Would
Were
American
American Citizens
Banks
The government shouldn't step in at the first stage and create land banks. Industry should buy the land as much as they can, and if they get stuck, then the government should step in.
Jamshyd Godrej
Buy
Government
First
Stage
Stuck
Step
Industry
Get
Banks
Land
Then
Create
Much
Should
There is close to zero trust in institutions in Afghanistan. The mobile carriers have more trust than the banks.
Jan Chipchase
Trust
More
Institutions
Mobile
Close
Than
Afghanistan
Banks
Zero
The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York.
Janet Yellen
Website
Balance
Financial
Made
Publish
Every
Our
Summary
Statements
Ranks
Security
Week
Federal
Federal Reserve
Outside
New
Most
Sheet
York
Listed
Bank
New York
Banks
Hold
Central
Public
Transparent
Reserve
Among
In 2006, the Congress had approved plans to allow the Fed, beginning in 2011, to pay interest on banks' reserve balances. In the fall of 2008, the Congress moved up the effective date of this authority to October 2008.
Janet Yellen
Fall
Beginning
Pay
Congress
Approved
Date
Fed
Allow
Had
Balances
October
Effective
Up
Authority
Moved
Banks
Interest
Plans
Reserve
Maturity transformation is a central part of the economic function of banks and many other types of financial intermediaries.
Janet Yellen
Maturity
Financial
Transformation
Other
Types
Economic
Part
Banks
Central
Many
Function
No one lives on credit in France because banks don't allow overdrafts and zero percent credit cards do not exist.
Janine di Giovanni
France
Percent
Allow
No-One
Because
Exist
Banks
Lives
Zero
Credit
Credit Cards
Cards
We've got to make greedy banks pass on interest rate cuts in full, and we've got to see rents coming down.
Jasmine Guinness
Greedy
Down
See
Rate
Make
Pass
Got
Coming
Banks
Interest
Cuts
Full
After Dodd-Frank, the big banks were bigger. The small banks are fewer.
Jeb Hensarling
Big
Small
Dodd-Frank
Were
Fewer
Banks
After
Bigger
There is no point in being a bond vigilante if you cannot influence governments and central banks by selling bonds.
Jeff Berwick
You
No Point
Point
Governments
Selling
Being
Influence
Banks
Cannot
Central
Vigilante
Bond
Bonds
The Obama administration, seemingly without any concern or worry, funneled money around U.S. law through foreign central banks to provide a state sponsor of terrorism with $400 million in blood money for American hostages.
Jeff Duncan
Terrorism
Money
Law
State
Worry
Obama
Administration
Obama Administration
Seemingly
Through
Hostages
Sponsor
Concern
Around
Without
Foreign
Provide
Blood
American
Any
Banks
Central
Million
By fostering the economic health and vitality of local communities throughout the country, community banks play a central role in our national economy. One important aspect of that role is to serve as a primary source of credit for the small businesses that are responsible for creating a substantial proportion of all new jobs.
Jerome Powell
Health
Country
Important
National
Community
Local
Our
Jobs
Responsible
Vitality
Small
Economic
Small Businesses
Proportion
Throughout
Primary
Primary Source
New
Economy
New Jobs
Source
National Economy
Role
Substantial
Banks
Central
Creating
Aspect
Communities
Businesses
Fostering
Play
Serve
Credit
Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.
Jerome Powell
Result
Stress
Both
Higher
Exercises
Testing
Substantially
Banks
Capacity
Requirements
Regulatory
Among
The Federal Reserve and other central banks have adopted broad public policy objectives to guide the development and oversight of the payments system. At the Fed, we have identified efficiency and safety as our most fundamental objectives, as set forth in our Policy on Payment System Risk.
Jerome Powell
Safety
Other
Broad
Our
Guide
System
Objectives
Adopted
Risk
Fed
Federal
Federal Reserve
Development
Most
Identified
Policy
Oversight
Efficiency
Banks
Central
Public
Forth
Payment
Payments
Public Policy
Reserve
Fundamental
Set
My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large and vibrant contingent of community banks.
Jerome Powell
Financial
Value
Community
System
Colleagues
Financial System
Diverse
Having
Understand
Contingent
Governors
Vibrant
Banks
Board
Large
In many cases, the Treasury will get preferred or convertible preferred stock for the money it gives to banks. These shares typically don't have voting rights, possibly to give more of a hands-off appearance to the government.
Jerry A. Webman
Government
Rights
Money
Voting
Will
Possibly
Cases
Give
More
Gives
Shares
Voting Rights
Stock
Get
Banks
Convertible
Preferred
Many
Appearance
Treasury
We really need a public-interest government that is not taking marching orders from the fossil-fuel industry and the banks and the war profiteers. We really need a government that is acting on our behalf.
Jill Stein
War
Government
Our
Taking
Industry
Behalf
Banks
Orders
Really
Acting
Marching
Need
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