Banking Business Quotes

By the aristocracy of finance must here be understood not merely the great loan promoters and speculators in public funds, in regard to whom it is immediately obvious that their interests coincide with the interests of the state power. All modern finance, the whole of the banking business, is interwoven in the closest fashion with public credit.

The business of a bank is to lend money; which amounts, nowadays, to lending credit.

The whole profit of the issuance of money has provided the capital of the great banking business as it exists today.

You cannot take bank interest rates very sharply down: you will lose your deposit franchise.

Many businesses in an investment bank, not only at UBS, are structurally a loss leader, so they don't pay for the cost of capital.

Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk.

Banks are very big lobbyists. There is a long history in this country of prohibiting companies not in banking to get into the banking business.

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."