The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data. — Jerome Powell
We need a resilient, well-capitalized, well-regulated financial system that is strong enough to withstand even severe shocks and support economic growth by lending through the economic cycle. — Jerome Powell
As with so many sectors of the economy, technology is transforming the retail banking sector. — Jerome Powell
Worry is in short supply, risky borrowers, questionable schemes, precarious financial system — Howard Marks
The financial crisis revealed important weaknesses in many areas of our financial system. — Jerome Powell
The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again. — Ben Bernanke
We're seeing the yield curve steepen, that means long rates are going up but short rates are not because the Fed is holding them down and this is usually good for financial stocks. — Cathie Wood
The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets. — Jerome Powell
The overwhelming majority of new mortgages are issued with government backing in a highly concentrated securitization market. — Jerome Powell
Over time, low rates can put pressure on the business models of financial institutions. — Jerome Powell
The 'private sector' of the economy is, in fact, the voluntary sector; and the 'public sector' is, in fact, the coercive sector. — Henry Hazlitt
China will continue to adopt multiple measures to advance the reform and opening up of its financial sector so that its financial market can better adapt to financial modernization and globalization. — Xi Jinping
Insurance, pension reforms are going to be extremely important for the stock market because the kind of money we’ll get from that is unbelievable. — Rakesh Jhunjhunwala
To ensure financial stability, we expect the provision of U.S. government securities settlement services to be robust in nearly all contingencies. — Jerome Powell
Financial Institutions Quotes
The people that control your financial markets, institutions and the people that control your main stream media, they now control your governments. — Douglas Macgregor
Financial institutions, the corporate world and civil society - all must uphold high standards of probity in their working. Only a genuine partnership between the Government and its people can bring about positive change to create a just society. — Pratibha Patil
People.. were poor not because they were stupid or lazy. They worked all day long, doing complex physical tasks. They were poor because the financial institution in the country did not help them widen their economic base. — Muhammad Yunus
My poor dad said, 'You need to know a lot about one speciality.' My rich dad said, 'You need to learn a little about a lot of things.'
Pretty sure only trained hedge fund professionals backed by institutional investors and UHNWs are supposed to commit theft/financial pillage by artificially distorting the market. I don't know why retail investors think they have the right or expertise to manipulate price action. — Eric Weinstein
Unlike Bitcoin or email, our financial institutions and payment systems today are proprietary. This limits the ability for consumers to easily switch between payment providers and creates less competition for services. — Brian Armstrong
There was a time in the United States when most of our financial institutions were local. Which essentially meant that local communities were able to create their own credit, or their own money, in response to their own needs. We still depended on banks, but it was a much more democratic process. — David Korten
As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world's problems or, for that matter, to any problems.
If a financial institution is too big to fail, it is too big to exist. — Bernie Sanders
If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy. — Hyman Minsky
The world is not going to fall as long as there is confidence in governments and in banking institutions and the financial system. — Rakesh Jhunjhunwala
Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system. — Timothy Geithner
Financial Services Quotes
As part of my efforts to fight identity theft, I worked with my colleagues on the Financial Services Committee to strengthen consumer protection with a reasonable notification requirement. — Melissa Bean
The financial industry is a service industry. It should serve others before it serves itself. — Christine Lagarde
The difference between both is that social entrepreneurship has a much more financial transparency. There is no financial viability and that is where a corporate sector makes a difference because we maintain a balance between both the financial status and the social service. — Ramon Magsaysay
Protectionism has to be avoided. Protectionism is not only on goods but also in the area of services. Financial protectionism is also bad and should be avoided. — Manmohan Singh
In financial services, if you want to be the best in the industry, you first have to be the best in risk management and credit quality. It's the foundation for every other measure of success. There's almost no room for error. — John G. Stumpf
The 2.5 billion adults [around the world] without access to financial services are disproportionately women and young people. There are at least 44 million unbanked or underbanked people in the United States, so clearly financial inclusion is needed in all markets. — Ajaypal Singh Banga
The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms. — John L. Casti
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! — John Bruton
Financial service providers act as the lubricating oil in the economy. They link consumers who want to invest their savings for a good return with companies who want to borrow on best terms for expansion. — John Bruton
Business is not financial science, it's about trading.. buying and selling. It's about creating a product or service so good that people will pay for it. — Anita Roddick
Financial System Quotes
It's completely reasonable, even if some Bitcoin currency purists wouldn't like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire. — Nick Szabo
Bitcoin links together 8 billion people, links together a hundred million companies, it synchronizes the world across political jurisdictions, and it returns rationality to the entire financial system, and it returns freedom and property rights to the entire human race. — Michael Saylor
Big banks, highly leveraged casinos, do whatever they can to keep the cost of their gambling as cheap as possible. This means keeping interest rates as cheap as possible. — Max Keiser
Success of bitcoin and the exchanges that deal in it could be interpreted by some to mean the demise of central banks, Wall Street, and the Washington insiders who trade on inside information and market manipulation. — Max Keiser
Regional interest rate differentials persisted until around the time of World War I and helped shape the attitudes of Americans living in western areas toward the nation's financial system. — Jerome Powell
I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin. — Max Keiser
The Fed's organization reflects a long-standing desire in American history to ensure that power over our nation's monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency. — Jerome Powell
My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large and vibrant contingent of community banks. — Jerome Powell
At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information. — Brian Armstrong
Through bitcoin, the Argentines are developing an economy which doesn't require the bankers. — Max Keiser
Financial Markets Quotes
Take Charge Of Your Financial Future. I believe investing small amounts each month in the stock market will give you financial freedom in the later years of your life. — Bo Sanchez
Market crashes and recessions create more millionaires than any other time. The catch: You have to be prepared AND financially educated. — Jaspreet Singh
Starting in the wake of the 2008 GFC global financial crisis, market observers have warned of a crash in the bond market. initially, it was believed that the trillions printed to bail out the banks would cause inflation and, therefore, a flight from bonds. — Max Keiser
In the short run, the market is a voting machine, but in the long run it is a weighing machine. — Benjamin Graham
We need to exert ourselves that much more, and break out of the vicious cycle of dependence imposed on us by the financially powerful: those in command of immense market power and those who dare to fashion the world in their own image. — Nelson Mandela
In a world of global trade and integrated capital markets, it is natural for economic and financial shocks and policy actions to be transmitted across borders. — Jerome Powell
Art is not an investment. Art is something you buy because you are financially solvent enough to give yourself a pleasure of living with great works rather than having to just see them in museums. People who are buying art at the top of the market as an investment are foolish. — Arne Glimcher
I spent 10 years as a marketing manager. I've found my experience in the financial world invaluable background for writing about white-collar crimes. — Sara Paretsky
The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market. — George Soros
If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks. — John C. Bogle
Finance Quotes
Money is not the most important thing in the world. Love is. Fortunately, I love money. — Jackie Mason
Do not save what is left after spending, but spend what is left after saving. — Warren Buffett
God, how patient are Thy poor! These corporations and masters of manipulation in finance heaping up great fortunes by a system of legalized extortion, and then exacting from the contributors-to whom a little means so much-a double share to guard the treasure! — Sayings
I feel these days like a very large flamingo. No matter what way I turn, there is always a very large bill. — Joseph O'Connor
If you buy things you do not need, soon you will have to sell things you need. — Warren Buffett
The most valuable personal finance asset is not needing to impress anyone. — Morgan Housel
Not finance. Not strategy. Not technology. It is teamwork that remains the ultimate competitive advantage, both because it is so powerful and so rare. — Patrick Lencioni
The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor. — Jesse Lauriston Livermore
One of my great pleasures from the study of investing, finance, and economics is the discovery of insights about people and society. — Edward O. Thorp
The true terrorists of our world do not meet at the docks at midnight, or scream "Allahu Akbar" before some violent action. The true terrorists of our world wear 5000 dollar suits and work in the highest positions of finance, government and business. — Peter Joseph
Financial Security Quotes
The newness effect of a new thing wears off in nine months to a year, but financial security can last a lifetime. — Dan Buettner
Every Maryland family wants financial security, schools that work, quality healthcare, safer neighborhoods, and ever-expanding economic opportunity. These are the building blocks of a superior quality of life. — Robert. L. Ehrlich
Every Maryland family wants financial security, schools that work, quality healthcare, safer neighborhoods, and ever-expanding economic opportunity. These are the building blocks of a superior quality of life. — Bob Ehrlich
Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global, affordable, simple and secure savings account to billions of people that don't have the option or desire to run their own hedge fund. — Michael Saylor
You can securely control neither your land nor your digitally centralized financial assets without the help of government. Thus the locality & importance of legal ownership in these things. You can securely control your globally seamless Bitcoin without the help of government. — Nick Szabo
Decentralization is only a means towards the key to blockchain value, trust minimization, which brings a host of benefits: immutability, censorship resistance, global seamlessness, monetary and financial sovereignty. Other kinds of decentralization are security theater. — Nick Szabo
Women would be disproportionately affected by the privatization of social security. It is one of the most important safety nets for American women in old age, or in times of disability, to insure financial income for their families. — Barbara Mikulski
One of the gaps in our international development efforts is the provision of global public goods - that is, goods or conditions we need that no individual or country can secure on their own, such as halting global warming, financial stability and peace and security. — Anna Lindh
Financial security and independence are like a three-legged stool resting on savings, insurance and investments — Brian Tracy
Limitation of armaments in itself is economically and financially important quite apart from security. — Ludwig Quidde
Financial Crisis Quotes
Banks died in 2008. They just haven’t been buried yet. — Max Keiser
The public understands that the government is broke, but many still don't want to cut programs they enjoy or depend on. — Tucker Carlson
Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response. — Lawrence Summers
The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies. — Jerome Powell
The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. — Jerome Powell
Being on a movie set is like one long financial crisis. — John Cusack
After the last financial crisis, the banks more than doubled their capital and liquidity and they’re far more aware and better at managing the risks they’re taking. — Jerome Powell
No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis. — Brad Henry
I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company. — Eric Yuan
There are downsides to implicitly trusting banks, as the 2008 financial crisis showed. — Balaji Srinivasan
Every financial crisis is made out of excess money and credit. — Russell Napier
A person's credit report is one of the most important tools consumers can use to maintain their financial security and credit rating, but for so long many did not know how to obtain one, or what to do with the information it provided. — Ruben Hinojosa
Having a financial adviser enables the investor to carry a psychological call option. If the investment decision turns out well, the investor takes the credit, and if it turns out badly, the regret can be lowered by blaming the adviser. — Hersh Shefrin
The manipulation of credit has been the most potent of all methods employed by financiers as a means of controlling commerce and fixing prices.We are all consumers and should all be producers.This credit is a tax upon humanity as if government bonds were issued and people were obliged to pay it. — Charles Lindbergh
If you look at the way society is structured , it is structured to keep people overwhelmingly in a state of fear and always trying to survive, in terms of physically, in terms of terror, in terms of financially, the credit crunch, rising food prices; all this is survive, survive, survive. — David Icke
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life. — Ruben Hinojosa
Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin. — Melissa Bean
Don't cut up your credit cards, the problem is not the cards, it's the lack of financial literacy of the person holding the cards and always make the best out of a bad situation — Robert Kiyosaki
The beauty of a financial institution is that there are a lot of ways to go to hell in a bucket. You can push credit too far, do a dumb acquisition, leverage yourself excessively - it's not just derivatives [that can bring about your downfall]. — Charlie Munger
Financial Quotes
God is the source of my supply. His riches flow to me freely, copiously, and abundantly. All my financial and other needs are met at every moment of time and point of space; there is always a divine surplus. — Joseph Murphy
It is my right to be rich, happy, and successful.
Money flows to me freely, copiously, and endlessly.
I am forever conscious of my true worth. I give of my talents freely, and I am wonderfully blessed financially. It is wonderful! — Joseph Murphy
Judo should be free as art and science from any external influences, political, national, racial, and financial or any other organized interest. And all things connected with it should be directed to its ultimate object, the benefit of Humanity. — Kano Jigoro
Under its current form, that is imperialism-controlled, debt is a cleverly managed re-conquest of Africa, aiming at subjugating its growth and development through foreign rules. Thus, each one of us becomes the financial slave, which is to say a true slave. — Thomas Sankara
Democracy is not compatible with financial oligarchy. — Che Guevara
Only those who are asleep make no mistakes. — Ingvar Kamprad
Part of your heritage in this society is the opportunity to become financially independent. — Jim Rohn
Just as men must give up economic control when their wives share the responsibility for the family's financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care. — Augustus Y. Napier
I give thanks that I am now rich, well and happy and that my financial affairs are in divine order. Every day in every way I am growing richer and richer. — Catherine Ponder
A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life. — Suze Orman
Financial Investment Quotes
It will bring financial inclusion, investment, tourism, innovation and economic development for our country. — Nayib Bukele
Wendy’s was a really good investment for us, making the fund a few hundred million, which was sizable as a percent of our total assets at the time. Wendy’s set us up for McDonald's. — Bill Ackman
If you eat, invest, and think according to what the ‘news’ advocates, you’ll end nutritionally, financially, and morally bankrupt. — Naval Ravikant
The videos that I post every day are averaging 7 million views per day. And I post one of those a day. I spend an average of $200 a day to make that. The Disney show that I'm on, they spend $2 million over the course of five days to create one episode that gets 1.7 million views. — Jake Paul
When people are financially invested, they want a return. When people are emotionally invested, they want to contribute. — Simon Sinek
Don't look for the needle in the haystack. Just buy the haystack! — John C. Bogle
My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast Letting losses run is the most serious mistake made by most investors. — William O'Neil
Invest in yourself. Your career is the engine of your wealth. — Paul Clitheroe
To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence. — Jim Rohn
After all, Wall Street is clearly the most powerful lobbying force on Capitol Hill. From 1998 through 2008, the financial sector spent over $5 billion in lobbying and campaign contributions to deregulate Wall Street. — Bernie Sanders
I ran for Congress not because I was having a mid-life crisis. I left the private sector because I saw a looming financial crisis that was coming to this country. It's unsustainable. — Steve Daines
The major media companies are significantly reducing their financial commitment to the motion picture sector. — Peter Bart
Ebay was involved and gave up 150 million passwords. Target was attacked and gave up 40 million credit card numbers. Attacks like these are happening on a regular basis, both in the United States and around the world and the costs in terms of privacy or security in our financial sector are truly extraordinary. — Donald Trump
The United States lived on borrowed money for too long, inflating its financial sector unnecessarily and neglecting its small and mid-sized industrial companies. — Wolfgang Schauble
The multiple failings of our flawed financial sector are jeopardizing, not only the retirement security of our nation's savers but the economy in which our entire society participates. — John C. Bogle
From the 1990s onward, the financial sector created a vast array of instruments designed to separate investors from their money, financial derivatives of an ever-increasing level of complexity. At some point, this complexity reached a point where even the creators of the derivatives themselves didn't understand them. — John L. Casti
I grew up in Monaco, and in that environment going into the financial sector was the obvious choice. — Herve Falciani
There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people. — Vince Cable
It is clear to me that the financial sector, including CNBC, loves central banks — Marc Faber
I'm not here to say that men are to blame for the [financial] crisis and what happened in my country [Iceland]. But I can tell you that in my country, much like on Wall Street and the city of London and elsewhere, men were at the helm of the game of the financial sector. That kind of lack of diversity and sameness leads to disastrous problems. — Halla Tomasdottir
I think there's no question but what the tail end of the Bush administration, Bush-Cheney administration, that we took steps specifically geared to try and free up the financial sector. — Dick Cheney
I think the funds that have been pledged at Euro Summit, combined with the outcome of the private sector involvement process should be sufficient in order to support financially the Greek Economy. — Lucas Papademos
So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services. — Sanjay Kumar
At many points during our nation's history, there have been times - known in our history textbooks as "panics" - when adverse conditions affecting the financial and economic sectors of the country have caused individuals to hoard more than they need. — Jo Bonner
The Russians are clearly already engaged in a proxy war against the government of Ukraine. And that is something that we and the rest of the world have actively condemned and sanctioned Russia already heavily for, particularly the United States, as we have imposed now meaningful, tough sanctions in critical sectors, including the defense sector, the financial sector, and the energy sector. — Susan Rice
The October Crisis was not just a crisis of the financial sector, but one arising from an ill-informed and erroneous mindset that still infects businesses in general and requires correction. — Chip Pitts
It's just very hard to teach a class of students about what has happened in the Global Financial Crisis, how we ended up there and how we got to where we are today, without having some basic, non-trivial understanding of the financial sector, credit, and the banking system. — Alan M. Taylor
Bankers themselves govern the Fed to some extent, and then there's the classic revolving door where Fed officials come from and then go back to the financial sector. Fed officials tend to believe that the institution should have a large measure of independence from democratic control, even though in law it is under the ostensible control of Congress. — Gerald Epstein
They [leaders in Western Europe] do not misuse financial instruments, financial injections, but, first of all, seek structural change. This is urgent for our economy as well, maybe even more urgent bearing in mind the problem that we cannot yet deal with, namely the prevalence of the oil and gas sector in the Russian Federation and, as a result, dependence on revenue from oil and gas. — Vladimir Putin
That's the problem with the financial sector. Banks and the financial sector live in the short run, not the long run. In principle the government is supposed to make regulations that help the economy over time. But once it's taken over by the financial sector, the government lives in the short run too. — Michael Hudson
When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never used to think were really that important, but as soon as we recognize how the financial sector - the risks the financial sector takes on can impact the entire global economy, we realize that those risks needed to be controlled for the social good. — Robert F. Engle
One of the lessons that I hope people will take out is the extreme dependence simply on the financial sector is really dangerous. — Juan Enriquez
We are all used to paying a sales tax when we buy things - almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way. — Eliot Spitzer
In the financial sector, those whom the gods want to destroy they first teach math. — Niall Ferguson
Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years. — Bernie Sanders
It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident. — Charles Ferguson
If our financial industry regarded security the way the health-care sector does, I would stuff my cash in a mattress under my bed. — Avi Rubin
Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms. — Toshihiko Fukui
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