Banks Quotes - Page 12

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My obligation is to the owners of Barclays, my shareholders. They hired me. People who criticise compensation for individuals in isolation at, say, BarCap, individuals who don't work in the U.K. and are competing with U.S., German or Asian banks, they should look at all these factors.

With Hillary, you know, I think, across the board, Hillary is the Wal-Mart candidate. Though she may change her tune a little bit, you know, she's been a member of the Wal-Mart board. On jobs, on trade, on healthcare, on banks, on foreign policy, it's hard to find where we are similar.

Operational risk is the risk of loss resulting from bank operational failures, such as rogue traders, fraudulent sales practices, and cyber risks. Operational risk capital is money or assets that banks have to hold to shield the economy from the consequences of these kinds of failures.

The only thing that I know for sure is that the people who invest in the U.K., those investors, believe strongly that the ramifications of a hard Brexit are very bad, and they believe that a recession will take place in the U.K., and that would clearly be negative for banks of the U.K.

Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country.

Dillinger at one point was the second most popular man in America after President Roosevelt. And he was a national hero for a good reason. He was robbing the very institutions, the banks, which had afflicted the people for four years, and after four years nothing was getting any better.

My father, Cecil Banks Mullis, and mother, formerly Bernice Alberta Barker, grew up in rural North Carolina in the foothills of the Blue Ridge Mountains. My dad's family had a general store, which I never saw. My grandparents on his side had already died before I started noticing things.

Where do we invest our trust now? In politicians? Most people would say not. In banks, in religion, in a sense of nationhood? In each other? Even that has been complicated. It feels like there's a total collapse of trust, but without trust, it's impossible to have any sense of who one is.

There remains a degree of anti-black intellectualism in entertainment. Middle and upper-middle class blacks have often been portrayed as buffoons in popular culture; witness the characters of Carlton Banks on 'The Fresh Prince of Bel-Air' and Braxton P. Hartnabrig on 'The Jamie Foxx Show.'

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.

In 2011, when we launched TransferWise, it was our frustration with banks not giving us what we wanted or needed as customers. The motivation was a strong desire to solve a problem and not just fix something that was broken but create a better alternative and a new system for doing things.

What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.

Banks operate like a man who either wears his trousers round his chest, stifling breathing, as now, or round his ankles, exposing his assets. We want their trousers tied round their middle: steady lending growth; particularly to productive British business, especially small scale enterprise.

Governance is complex, difficult, and on the whole, thankless - why ever should the Bright Young Things leave the management of their hotels, newspapers, banks, TV channels and corporations to join, like fleas on a behemoth, the government? Wherein lies the difference between the two worlds?

Every Republican's voted for it. Look at what they value and look at their budget and what they're proposing. Romney wants to let the - he said in the first 100 days he's going to let the big banks once again write their own rules - unchain Wall Street. They're gonna put y'all back in chains.

Fictional realms are usually terrible places to vacation, as they tend to be full of monsters and conflicts - Narnia and Middle-earth would both be good places to get killed - but I wouldn't mind visiting the worlds of Iain M. Banks's 'Culture.' You'd just have a hard time getting me to leave.

Since JPMorgan Chase announced its surprise $2 billion-and-growing trading loss, there have been renewed calls from economists, pundits, and politicians to reinstate the Glass-Steagall Act, a Depression-era law that prevented commercial banks from participating in investment banking activities.

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.

I will say this: the central banks can actually support growth beyond a point. When there is no inflation, they can cut interest rates, and that is the way they support growth, but if you cut interest rate to the bone, there is nothing more to cut. It is very hard to support growth beyond that.

Bringing back something akin to Glass-Steagall would clearly help limit risk in the system. And that's a very good and worthy goal. Letting banks sell securities and insurance products and services allowed them to grow too big too fast and fueled a culture that put profit and pay over prudence.

I wake up every morning happy for where I am in life. It's not all about the cooking, but the fact that I can contribute by using my influence to help people all over the country. In the last two years, my partners and I have fed more than 10 million hungry people by bringing meat to food banks.

Only institutions that go about the old-fashioned business of taking in deposits from customer A and lending them out to customer B should be called banks. The rest should call themselves what they are. 'Parlors' would be appropriate, or 'dens' - words more suitable to venerable betting pursuits.

If Saudi Aramco is listed, then it must announce its statements, and it will do that every quarter. It will be under the supervision of all Saudi banks, all analysts, all Saudi thinkers. Even more, all international banks and research and planning centres in the world will monitor it intensively.

I think we've learned that the S.B.A. plays a critical role in providing access and opportunity when the market is not providing that access. We help banks get that money out into the hands of important and viable businesses, particularly those owned by minorities, women, immigrants and veterans.

Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences.

When it comes to America's economy, the truth is that Mitt Romney believes that the key to our country's economic future lies in the failed policies of the past, the same ones that put banks before people, Wall Street before Main Street, plunging us into recession and devastating the middle class.

I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase.

The blockchain concept was pioneered within the context of crypto-currency Bitcoin, but engineers have imagined many other ways for distributed ledger technology to streamline the world. Stock exchanges and big banks, for example, are looking at blockchain-type systems as trading settlement platforms.

Instead of abandoning competition and giving banks protected monopolies once again, the public would be better served by making it easier to close banks when they get into trouble. Instead of making banking boring, let us make it a normal industry, susceptible to destruction in the face of creativity.

Under Bill Clinton's HUD Secretary Andrew Cuomo, Community Reinvestment Act regulators gave banks higher ratings for home loans made in 'credit-deprived' areas. Banks were effectively rewarded for throwing out sound underwriting standards and writing loans to those who were at high risk of defaulting.

The FHA literally drew up the redlining map and then basically distributed - I'm sorry, the Home Owners' Loan Corporation actually did it, and then distributed to banks who used that as policy to determine how they would lend and who they would lend to. The racism in the system was pervasive and total.

On banks, I make no apology for attacking spivs and gamblers who did more harm to the British economy than Bob Crow could achieve in his wildest Trotskyite fantasies, while paying themselves outrageous bonuses underwritten by the taxpayer. There is much public anger about banks and it is well deserved.

I started 'Outer Banks,' because there's so much hype around it. I saw one episode and I didn't really continue, but I got to keep going at it. Two of the actors on there were also in 'Stranger Things,' and all my friends always ask, 'Oh my God, you know Madelyn Cline. She was in 'Stranger Things' too.'

In the late 19th century there was a major union organization, Knights of Labor, and also a radical populist movement based on farmers. It's hard to believe, but it was based in Texas, and it was quite radical. They wanted their own banks, their own cooperatives, their own control over sales and commerce.

Agriculture is not crop production as popular belief holds - it's the production of food and fiber from the world's land and waters. Without agriculture it is not possible to have a city, stock market, banks, university, church or army. Agriculture is the foundation of civilization and any stable economy.

Of other countries, to impose economic sanctions, it'd really begin to dry up the enormous amount of money coming into North Korea, a lot of it from China - from Chinese banks - whereas, if we sanction the Chinese banks, there could be friction with China. But this is something we're going to have to face.

What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is a middle man - someone who is here to match people who need capital with people who have capital - and not position ourselves at the center of that by taking big positions on a trading stance.

Urban America has been redlined. Government has not offered tax incentives for investment, as it has in a dozen foreign markets. Banks have redlined it. Industries have moved out, they've redlined it. Clearly, to break up the redlining process, there must be incentives to green-line with hedges against risk.

I think there's a disconnect between political leaders and young voters around a lot of things related to the private sector. For example, a lot of politicians continue to attack big banks. While I'm not a defender of big banks, my sense is younger voters have had generally pretty good experiences with banks.

Neofascism in the United States takes the form of big money, big banks, big corporations, tied to xenophobic scapegoating of the vulnerable, like Mexicans and Muslims and women and black folk, and militaristic policies abroad, with strongman, charismatic, autocratic personality, and that's what Donald Trump is.

When President Obama entered the White House, the economy was in a free-fall. The auto industry: on its back. The banks: frozen up. More than three million Americans had already lost their jobs. And America's bravest, our men and women in uniform, were fighting what would soon be the longest wars in our history.

When they told me there would be a statue erected at Wrigley Field, I was happy with that. I know there will be a meeting place for a lot of people. There will be a conversation every day. They say now, 'I'll meet you at Ernie Banks' statue.' After Sept. 7, they'll say, 'I'll meet you by Billy Williams' statue.'

Part of me goes back to being 8 years old and going on the train 45 minutes to wait at a bank to get Ernie Banks' autograph. Or when I was a ball boy, becoming best buddies with some of the undrafted or late-drafted guys, them becoming like our big brothers, and then the pain of cut day and watching them get cut.

When I worked with M.I.A., who was, like, the coolest person back then, she was just a girl I met on the Internet. Or even when I met Azealia Banks on Myspace, I never thought, 'Oh, she's cool.' I just loved what she was doing. So I've always been like that. And I think, as a producer, that's what you've gotta do.

Institutions develop because people put a lot of trust in them, they meet real needs, they represent important aspirations, whether it's monasteries, media, or banks, people begin by trusting these institutions, and gradually the suspicion develops that actually they're working for themselves, not for the community.

We need financial regulation that allows businesses and the banks they use to have access to the tools that help keep prices of consumer goods - like groceries and home heating oil - steady, while ensuring that the taxpayers are never again on the hook for the types of wild bets that helped crash the economy in 2008.

Yes, women should be free to cover their faces when walking down the street. But in our schools, hospitals, airports, banks and civil institutions, it is not unreasonable - nor contrary to the teachings of Islam - to expect women to show the one thing that allows the rest of us to identify them... namely, their face.

Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're paying a price for it.

I don't know about Mario Balotelli saying, 'Why always me?' - England should be saying as a nation, 'Why always us?' You can go back to 1970, when Gordon Banks got food poisoning and we lost to West Germany. Then there was 1986 and Maradona's hand. And last time, Frank Lampard not getting his goal against the Germans.

Haven't we all grown up trusting high street banks? Their branches were fixtures, not only in our towns and cities, but in the way our lives ran. Yet it is no exaggeration to say that thousands, possibly millions of us, instead of being helped have found our lives permanently damaged by the toxic U.K. financial system.

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