Financial Services Industry Quotes

Is it okay for a U.S. bank to pay a U.S. banker but not a U.K. bank to pay a U.S. banker?

The biggest issue I have with the CFPB is that I don't believe that they should be funded out of profits from the Federal Reserve.

I worked during summers on the foreign exchange desk as a dollar/yen broker for Noonan, Astley & Pierce. I used to write the chairman notes about how he could improve his business. And I met Bernie Cantor through this job.

Well, what I can say about Denmark... Every law firm in town has some business with Danske Bank.

We survived for hundreds of years under the old banking structure. You'd have clearing banks, then merchant banks doing the racy stuff, and then building societies where you'd join a waiting list for a mortgage. But then banks started buying stockbrokers, doing mortgages, and you ended up with these big banking groups doing everything.

If President Barack Obama had not been in the White House, we would not have the Consumer Financial Protection Bureau today.

It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization.

When it comes to making laws that protect the public from the financial services industry, Congress has done a progressively worse job since the Pecora Commission hearings of the early 1930s, which led to Congress taking bold steps to regulate banking and securities firms in 1933 and 1934.

The industry financial advisers, on average about 85% male, tends to be a more mature financial adviser - so I think in their 50s, really. For so many companies, in their 60s. In fact, there is one company that was telling me they had more financial advisers over the age of 80 than under the age of 30.

As the U.K.'s position as a global financial services hub weakens, our competitors will lose no time in attracting jobs in services from our shores.

A lot of financial technology is foolhardy. Saying, 'We're going to kill banks. We're going to disrupt everything,' ignores some realities.

I don't like the fact that C.F.P.B. exists, I will be perfectly honest with you.

Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry.

The time horizon may be too long for sole reliance on market solutions - but perhaps the inventiveness of the financial services industry will prove me wrong that point!

Rising incomes and positive demographics will provide opportunities for retail financial services in India.

I worked in investment banking for two years. I was in a program where they kind of just owned you. And you - I didn't realize that I've signed up for that, which was one of the problems. I didn't know anybody who'd done this.

One time I was on the road with clients with an investment bank, and they thought it would be fun to go to a strip club. It was the most barren thing I've ever seen - this poor woman had nothing on and they were throwing quarters at her.

New York City is the financial capital of the world. The Dodd-Frank Act, I think, is going to change that. It's going to send jobs to London and Geneva and Hong Kong and Sydney instead of keeping New York the financial center of the world.

I think very few people still understand the distinction between CEOs on Wall Street and the hedge-fund billionaires operating separately.

Those 3,000 jobs in Sioux Falls, based on our population back then in Sioux Falls, would have taken 300,000 jobs in New York City to equal it at Citibank.

Our financial services and insurance cluster is one of Delaware's key economic drivers in the state.

The vast majority of the people employed by Wall Street are the secretary who goes in to work on the Long Island Rail Road, who makes fifty, sixty, seventy thousand dollars a year.

The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City - hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.

Having worked at four separate Wall Street firms, having seen a variety of talent at those places, and having competed against Goldman as a banker, one thing you have to be struck by is the power of their recruiting.

I want Britain to be the home of successful competitive and stable financial services.