Banking Industry Quotes

Banking is a branch of the information business.

In 2013 Citigroup had profits of $6.4 billion in the United States. They paid no federal income tax and, in fact, received a rebate from the IRS of $260 million. That same year J.P. Morgan had $17.2 billion in profits in the U.S. They also paid no federal income tax. Do you think it's time for tax reform?

Obama's primary constituency was financial institutions. They were the core of the funding for his campaign. They expect to be paid back. And they were. They were paid back by coming out richer and more powerful than they were before the crisis that they created.

My dad was a banker, and I've always had an interest in it.

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.

It's not that the regulator doesn't want the banking industry to grow. The growth of the industry has always been in relation to the GDP (gross domestic product) growth.

If credit unions can grow and prosper with a 15 percent cap, so can banks.

Think well of yourself and others will too. Unless those others are in government, banking, or show business.

Here's a startling fact: in the 45 years since the introduction of the automated teller machine, those vending machines that dispense cash, the number of human bank tellers employed in the United States has roughly doubled, from about a quarter of a million to a half a million.

Moving from corporate banking to retail banking to international banking to supervisory roles has meant completely reinventing myself.

What we're seeing now is that greed is still alive and kicking, and banks are bigger than ever.

If they are too big to fail, make them smaller.

I want to say something, and it may sound harsh, not to you, but to the American people. In a sense, in my view, the business model of Wall Street is fraud. It's fraud. I believe that corruption is rampant, and the fact that major bank after major bank has reached multi billion dollar settlements with the United States government when we have a weak regulator system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.

No significant deregulation of financial institutions occurred in the last 30 years.

You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.

Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.

By any measure, CapitalSource outperformed both our direct competitors and the financial services industry in general, particularly in the context of the near collapse of the financial services industry where 19 of the 20 largest financial institutions in the country either failed or were bailed out by the government.

We need to take away the government's money power. The banking industry needs its welfare check ended. The dollar's soundness depends on its being untied from the machine that can make an infinite number of copies of dollars and reduce their value to zero.

My dad's a jeweller, and my mom works for a bank.

The New York Federal Reserve is a tool of the big banks.

The bonus for bankers fragilizes the system. Someone has the upside at the expense of others.

Banking types should take their cue from Gordon Gekko. Or pick the best-looking banker in their firm and copy him.

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

I don't have any particular expertise-I've never been a banker or an investment banker. But I did see an evolution in the system that I thought was problematic.

You can ride from England to China on regular lines of steamships and railroads without once passing from the protecting hollow of Mr. Morgan’s hand.