Banking Quotes That Everyone Should Know

Here are some quotes on banking.

General Banking Quotes

A bank is a place that will lend you money if you can prove that you don’t need it. ― Bob Hope.

Banking technology has made it simple and efficient to invest in good causes.

Banking gives you a glimpse into what makes companies succeed and what makes companies fail.

Consumer banking – selling the debt to middle-class families – has been a gold mine.

Banking was conceived in iniquity and born in sin.

I can’t imagine trying to operate a company banking on the fact that my logo is cooler than somebody else’s logo.

No country can truly develop if half it’s population is left behind. ― Justing Greening.

Banking is Necessary, Banks are Not. ― Bill Gates Quotes.

I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.― Thomas Jefferson.

Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each.― Christopher Rice.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.― Henry Ford.

He tried to read an elementary economics text; it bored him past endurance, it was like listening to somebody interminably recounting a long and stupid dream. He could not force himself to understand how banks functioned and so forth, because all the operations of capitalism were as meaningless to him as the rites of a primitive religion, as barbaric, as elaborate, and as unnecessary. In a human sacrifice to deity there might be at least a mistaken and terrible beauty; in the rites of the moneychangers, where greed, laziness, and envy were assumed to move all men’s acts, even the terrible became banal.― Ursula K. Le Guin.

Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable.― Joseph E. Stiglitz.

I believe that banking institutions are more dangerous to our liberties than standing armies.― Thomas Jefferson.

When the river of emotions bursts its banks and expectations go over the edges of reality, the brain creates hallucinations. Ringxiety-stricken people feel illusive vibrating alerts and hear phantom phone rings, since absence of ringing generates scaring emptiness and destroys their self-esteem. (“Kein Schwein ruft mich an” )― Erik Pevernagie.

Gringotts was the safest place in the world for something you wanted to hide — except perhaps Hogwarts.― J.K. Rowling.

The drug war is a total scam, prescription drugs kill 300K a year, while marijuana kills no one, but they spend billions/year ‘fighting’ it, because pot heads make for good little slaves to put into private prisons, owned by the banks who launder the drug money, and it’s ALL DOCUMENTED.― Alex E. Jones.

When they took a young man into Tellson’s London house, they hid him somewhere till he was old. They kept him in a dark place, like a cheese, until he had the full Tellson flavour and blue-mould upon him. Then only was he permitted to be seen, spectacularly poring over large books, and casting his breeches and gaiters into the general weight of the establishment.― Charles Dickens.

The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results applies only to them. The many simply have to work harder, in conditions that grow ever more insecure, to enrich the few. Democratic politics, which purports to enrich the many, is actually in the pocket of those bankers, media barons and other moguls who run and own everything.― Charles Moore.

The acquisition by dishonest means and cunning,’ said Levin, feeling that he was incapable of clearly defining the borderline between honesty and dishonesty. ‘Like the profits made by banks,’ he went on. ‘This is evil, I mean, the acquisition of enormous fortunes without work, as it used to be with the spirit monopolists. Only the form has changed. Le roi est mort, vive le roi! Hardly were the monopolies abolished before railways and banks appeared: just another way of making money without work.― Leo Tolstoy.

He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state’s means of exchange.― Robert A. Heinlein.

Drive-in banks were established so most of the cars today could see their real owners.― E. Joseph Cossman.

My bank must stop trying to sell me identity theft protection. You know why I expect you to protect my money? Because you’re a bank.― Bill Maher.

Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs.― Thomas Jefferson.

The banking institutions, my friends, are sailing under false colours. They are running with the hare and hunting with the hounds. And we should never forget it.― Karl Wiggins.

Banks are nothing but old fashioned money lenders. They encourage you to borrow, to get in debt, and when you can’t pay back the loan they take your home away. At least a money lender only breaks your legs.― Karl Wiggins.

Myth: US housing market is in recovery. Fact: Big banks have been hiding their bloated home inventory, seized by virtue of home foreclosures.― Ziad K. Abdelnour.

Banks do not create money for the public good. They are businesses owned by private shareholders. Their purpose is to make a profit.― John Rogers.

You could carve out the inside of a brick and hide your money in it for safe keeping. It’s certainly safer than keeping it in the bank!― Nicole McKay.

Banks are to the economy what the heart is to the human body. They cycle necessary capital through the whole, and they are barely noticed until pressure, necessity, or crises.― Hendrith Smith.

We’re sorry. It’s not us. It’s the monster. The bank isn’t a man. The bank isn’t like a man.
Yes, but the bank is only made of men.― John Steinbeck.

If we were not impressed by job titles, suits, and jargon, we would demand that financial advisors show us their personal bank statements before they tell us what we could or should do with our own money.― Mokokoma Mokhonoana.

I do have a sneaking admiration for anyone who has the intelligence to plan a ‘job’ properly and the courage to carry it out. As long as no one gets hurt and the target is a bank or an insurance company.― Karl Wiggins.

Advances in digital banking will not eliminate the branch, they will allow for more creative ways to help clients achieve financial wellbeing.― Hendrith Smith.

People aren’t pissed just to be pissed. They’re mad because a tiny group of crooks on Wall Street built themselves beach houses in the Hamptons through a crude fraud scheme that decimated their retirement funds, caused property values in their neighborhoods to collapse and caused over four million people to be put in foreclosure.― Matt Taibbi.

if we behaved like banks we woluld be charged with fraud
― Jacque Fresco, The Best That Money Can’t Buy: Beyond Politics, Poverty & War.

His mind filled with visions of a decadent kleptocracy in rapid decline, abetted by both political parties. America’s masses, fed on processed poison bought with a food stamp swipe card. Low-skill workers, structurally unable to ever contribute again and too dumb to know their old jobs weren’t coming back. The banks in Gotham leaching the last drops of wealth out of the country. Corporations unrestrained by any notion of national interest. The system of property law in shambles. The world drowning in debt.― George Packer.

There are people in Europe that struggled during an entire life to save as much as possible in banks that bankrupted and left them homeless.― Robin Sacredfire.

Giving the banks free interest loans is like the government subsidizing the banks. That’s crazy!― Kenneth Eade.

By loaning banks money for no interest, you’re really letting them into the casinos with the house’s money, aren’t you?― Kenneth Eade.

The problem with keeping money in a bank is that in the blink of a tiger’s eye it will turn on you: what’s yours becomes theirs, what was your sweat and labour and sold off portions of a lifetime becomes a stranger’s.― Paolo Bacigalupi.

By the usual reckoning, the worst books make the best films.― Iain M. Banks.

Eric Daniels, the boss at Lloyds TSB for example, was paid less than Goggin in 2007 despite delivering three and a half times Bank of Ireland’s profits that year. Goggins’ total package was 50 percent more than that of Andy Hornby of HBOS, who collected €2.6 million in 2007. The Scottish giant made €6.988 billion that year compared to Bank of Ireland’s €1.584 billion.― Shane Ross.

And the banks – hard to believe in a time when we’re facing a banking crisis that many of the banks created – are still the most powerful lobby on Capitol Hill. And they frankly own the place.― Richard Joseph Durbin.

A bank is but honesty with a premium. At least this is what it is supposed to be.― Lamine Pearlheart.

In the past people used to rob banks, now the banks rob the people.― David Alejandro Fearnhead.

Don’t trust banks, trust math.― Santosh Kalwar.

When you gain, they (banks) gain. When you lose, they’re indifferent.― Anas Hamshari.

Banks depend on you to survive; you are a smart and beneficial victim of that.― Ehsan Sehgal.

Google takes your privacy, governments take your rights, banks take your money, corporations take your jobs, Bitcoin and other blockchain powered solutions gives it all back.― Olawale Daniel.

In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.
It is time for a new beginning.― Jeffrey Tucker.

The bank wanted me to sell those customers that debt, because the system needs you to buy that new car, that holiday to Barbados, that latest iPhone or that new extension you’ve always been dreaming off. The banks are happy to let you do it with their high interest credit products, and they want me to be the guy that sells the idea to you. I was serving the machine that was enslaving me.― K.A. Hill.

Harold,’ she would say, ‘do you think I’m a fool? If I place the Crimson Diamond in any safe-deposit vault in New York, somebody will steal it, sooner or later.’ Then she would nibble a sprig of catnip and peer cunningly at me.― Robert W. Chambers.

I don’t have a bank account, because I don’t know my mother’s maiden name.– Paula Poundstone.

A banker is a fellow who lends his umbrella when the sun is shining and wants it back the minute it begins to rain.– Mark Twain.

There is two things that can disrupt business in this country. One is War, and the other is a meeting of the Federal Reserve Bank.– Will Rogers.

Bank failures are caused by depositors who don’t deposit enough money to cover losses due to mismanagement.– Dan Quayle.

Online Banking

It may not always be profitable at first for businesses to be online, but it is certainly going to be unprofitable not to be online. – Esther Dyson

I tend to shop online, mostly online to be honest because I actually feel the whole thing of shopping is actually really stressful. Just the lighting in dressing rooms makes you depressed. – Cheryl Cole

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. Banking was conceived in inequity and born in sin… But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit . – Josiah Charles Stamp

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. Banking was conceived in inequity and born in sin… But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit .- Josiah Charles Stamp

Whether the medium is ready for consumers is better judged by those consumers. I sometimes read online – but not often. The stigma is attached to pay scales. Much online publication is no pay or small pay. – Gene Wolfe

Retail Banking

“If you’re competing for the highest quality credit, by definition it’s going to be on the lower end of the pricing spectrum. … If that’s what’s important to you, then how do you supplement lower yields in your loan book? And you do that with the diversity that fee businesses bring to your revenue streams.” — Mike Hagedom, president and CEO of UMB Bank

“I believe that there is an important kernel of truth in the idea that financial errors recur every other generation.” — James Grant, author of Money of the Mind: Borrowing and Lending in America from the Civil War to Michael Milken

“No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen.” — Jamie Dimon, chairman and CEO of JPMorgan Chase

“It is in the nature of an industry whose structure is competitive and whose conduct is driven by supply to have cycles that only end badly.” — Barbara Stewart, former corporate economist for The Chubb Corporation

“Good Banking is produced not by good laws, but by good bankers.” — Hartley Withers, prominent British financial journalist around the turn of the 19th century

Commercial Banking

Someone has to borrow every dollar we have in circulation, cash or credit. – Robert W. Hemphill

In the simplest sense, the key to the performance of any traditional commercial bank … is the profitability of the loans it makes. – Robert G. Wilmers

Value investors will not invest in businesses that they cannot readily understand or ones they find excessively risky. Hence few value investors will own the shares of technology companies. Many also shun commercial banks, which they consider to have unanalyzable assets, as well as property and casualty insurance companies, which have both unanalyzable assets and liabilities. – Seth Klarman

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities. – Ben Bernanke

Commercial banks are very good for certain businesses, like loans and guarding other people’s money. They’re not great investors or entrepreneurs. – John Gutfreund

Investment Banking Quotes

Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional activities as banks try to rebuild their balance sheets. – Vince Cable

If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem. – J. Paul Getty

There are a lot of ways that investment banking models work, but these risks are not internalized by the people that are taking them. -Robert F. Engle

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities. -Ben Bernanke

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. – Peter Schiff

Credit Unions Quotes

Before the arrival of the Credit Union, people who were from the poor background or a working class background couldn’t borrow from banks. – John Hume

If your bank took bailout money, take your money out of that bank and put it in a credit union. Credit unions are owned by the people who have their money in the credit union. – Michael Moore

Imagine you waking up tomorrow and you can’t get a bank account; you can’t get a credit union account. Everything has gone away and you’re now living in poverty. – Suze Orman

“Credit unions, not-for-profit financial institutions owned by their members,
may be among the safest financial institutions in the nation, despite our
nation’s current economic struggles.— West Orlando

“As banks fail, credit unions deserve a look.”

Private Banking Quotes

“Banking, I would argue, is the most heavily regulated industry in the world.”

“Banking is a branch of the information business.” ― Walter Wriston

“A bank is a place that will lend you money if you can prove that you don’t need it.” ― Bob Hope

“In banking or finance trust is the only thing you have to sell.” ― Patrick Dixon

“Consumer banking – selling the debt to middle-class families – has been a gold mine.”

“If banks cannot truly be customer intimate, they are doomed to be just dumb commodities, acting behind the scenes, like utilities.” ― Jp Nicols

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