Welcome to our curated collection of banking quotes, where wisdom and insight from financial experts, economists, and business leaders converge to illuminate the intricate world of banking. From timeless aphorisms to contemporary reflections, these quotes offer profound perspectives on the role of banks, the dynamics of finance, and the essence of money management.
Banking, as an institution, stands as a cornerstone of modern economies, facilitating transactions, enabling investments, and driving economic growth. Yet, beyond its practical function, banking embodies a complex interplay of trust, risk, and innovation. Through the words of visionaries and thinkers, we delve into the heart of banking, exploring its challenges, triumphs, and enduring relevance in an ever-evolving financial landscape.
Below, you will find a treasury of quotes that encapsulate the essence of banking, ripe for contemplation, inspiration, or even creative expression. Whether you seek to gain insights for personal finance management or to glean wisdom for business endeavors, these quotes serve as beacons of knowledge and contemplation. Enjoy the journey through the wisdom of banking luminaries, and may their words empower and enlighten your financial endeavors.
We do recognise that there are areas where the current financial services market, the banking market, just isn’t working for chunks of the British economy. Vince Cable
Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound. Ben Bernanke
Mobile devices, high-speed data communication, and online commerce are creating expectations that convenient, secure, real-time payment and banking capabilities should be available whenever and wherever they are needed. Jerome Powell
We’ve got activists all across the country like the members of the Million Mom March organization, some of their leaders are here tonight. We’re phone banking congressional offices and pursuing editorial boards. Michael D. Barnes
Unemployment insurance, abolishing child labor, the 40-hour work week, collective bargaining, strong banking regulations, deposit insurance, and job programs that put millions of people to work were all described, in one way or another, as ‘socialist.’ Yet, these programs have become the fabric of our nation and the foundation of the middle class. Bernie Sanders
My grandmother got her law degree from Syracuse University in roughly 1911 and later co-founded with her husband an investment banking firm on Wall Street known as Lebenthal & Co. H. G. Bissinger
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
Canadians know that the promise of a recession didn’t happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada. Stephen Harper
There’s been a myth perpetuated where people think, ‘I need to go into consulting, banking, finance, law, or medicine to make a consistently reasonable amount of money.’ People are now realizing that’s not the case. Fred Ehrsam
There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That’s considerable in a country that’s used to being protected. Jean-Francois Cope
We all rely on technology to communicate, to survive, to do our banking, to shop, to get informed, but none of us knows how to read and write the code. will.i.am
A man who is without capital, and who, by prohibitions upon banking, is practically forbidden to hire any, is in a condition elevated but one degree above that of a chattel slave. He may live; but he can live only as the servant of others; compelled to perform such labor, and to perform it at such prices, as they may see fit to dictate. Lysander Spooner
My businesses are all related – retail, shopping centers, banking, real estate, and tourism development. Together they create synergy. Henry Sy
The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 – only this time, it’s not just one giant insurance company (and its banking counterparties) facing disaster, it’s tens of millions of hardworking Americans who played by the rules. Arianna Huffington
I am not in the business of pointing fingers or making excuses. However, recent history has shown that I, like thousands of others in Ireland, incorrectly relied upon the persons who guided Anglo and who wrongfully sought to portray a ‘blue chip’ Irish banking sector. Sean Quinn
Washington should revive international efforts begun during the Clinton administration to pressure countries with dangerously loose banking regulations to adopt and enforce stricter rules. Kit Bond
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
There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. Frederick Soddy
Microcredit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it’s a doable proposition. Muhammad Yunus
You have safety and soundness as primary purpose of the Federal Reserve, the OCC, and the other agencies which control banking regulation. Judd Gregg
The Finance Ministry will ensure regular assessment so that our announcements, especially those pertaining to the banking sector, are implemented in a time-bound manner. We are here to support small businesses and the industry at large. Anurag Thakur
After graduating from college I worked at a variety of jobs, from banking to politics. I enjoyed whatever I was doing at the time but I didn’t love my work. Joe Flanigan
I happen to know a bit about banking. Justin Welby
The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and supervising banking institutions to ensure their safety and soundness, and more broadly for the stability of the financial system. Jerome Powell
I keep wondering at night, ‘Will I have a bank the next morning, or will some technology company be doing banking without needing a bank?’ Uday Kotak
I have nothing against investment banking, but it’s like massaging money rather than creating money. Michio Kaku
North Carolina is home to some of the largest financial institutions in the country, and a vibrant network of community banks. We’re a banking state, and we’re proud of that distinction. But we also understand that responsible financial regulation protects consumers and businesses. Kay Hagan
We don’t have a good legal justification for breaking up the banking system. Kenneth C. Griffin
I have so much confidence in the reality of Jesus that I feel no pressure to try to make people act or be a certain way. I’m banking everything on the fact that God actually changes people. Erwin McManus
We are inheriting the worst financial system since the Depression. We’re inheriting a situation – when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises. Lawrence Summers
Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences. Vince Cable
If I had quietly retired as governor in 2007 and went into banking or something of that nature, I would have been, at most, a footnote in the story and probably never mentioned. Mike Huckabee
Well what would happen is that if Greece defaulted and couldn’t pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe. John Major
And I think we need a combination of a freeze, potentially, and also we need to sit down with the – with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out, because it’s absolutely imperative that we keep people in their homes. Debbie Wasserman Schultz
Banking technology has made it simple and efficient to invest in good causes. Mark Skousen
When you work with web design companies in San Francisco, you end up with a bunch of twenty-somethings who have their own cultural peculiarities, including obscurity for its own sake. You give those guys a website for a banking institution and they screw it up, because they are designing for themselves. Brenda Laurel
The 21st Century Glass-Steagall Act will reestablish a wall between commercial and investment banking, make our financial system more stable and secure, and protect American families. Elizabeth Warren
I did film and television, not having worked in banking or consulting, a very different stream. So I said, ‘I’ll go to business school, and it will help me decide more on what I want to do.’ Roshni Nadar
As a child, I had no idea that I would end up in the film industry. My ambitions changed from wanting to join the army like my grandfather to taking up merchant navy as a career to running for India, and finally, investment banking while I was a student of economics honour. But during my college days, I began to get offers for modelling. Arjun Rampal
In my generation, except for a few people who’d gone into banking or nursing or something like that, middle-class women didn’t have careers. You were to marry and have children and be a nice mother. You didn’t go out and do anything. I found that I got restless. Julia Child
I saw a bank that said ’24 Hour Banking’, but I don’t have that much time. Steven Wright
I’ve been banking my holidays, which means I take time off later in the year. It makes it a lot easier to fit filming in; it can be quite challenging to study and film at the same time. Bindi Irwin
We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit. John Redwood
Bitcoin is both disruptive from a technology perspective, but there’s a tremendous power of social good behind it. So you can both build a cool business or have a great investment return, and there’s the promise of potentially improving the remittance industry or banking the unbanked. Cameron Winklevoss
Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers. Frances O’Grady
If you are in banking and lending, surprise outcomes are likely to be negative for you. Nassim Nicholas Taleb
The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track. Suze Orman
At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid. James Buchan
In a modern digitalized world, it is possible to paralyze a country without attacking its defense forces: The country can be ruined by simply bringing its SCADA systems to a halt. To impoverish a country, one can erase its banking records. The most sophisticated military technology can be rendered irrelevant. In cyberspace, no country is an island. Toomas Hendrik Ilves
When I look at how the banking world has changed and at the role Chinese banks, for example, play today, Germany, as an export-oriented economy, should be pleased to have a major global player in its camp. Peer Steinbruck
By the time Obama came into office, Washington had already agreed over a period of a few weeks to a $700 billion government infusion into the world banking system. Nothing of the sort had ever been done before, and it was done spit spot with very little national debate. John Podhoretz
We are in a situation with the huge stimulus package that’s going to be spent all across this nation and a big financial crisis and banking crisis. And what we need is good, trained journalists who can play the role of watchdog. Walter Isaacson
The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed. Nigel Farage
The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Frederick Soddy
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
There’s definitely evidence that capitalism at its most ruthless rewards psychopathic behavior. When you look at the worst corners of the American health insurance industry or the sub-prime banking market, it really feels like the more psychopathically someone behaves, the more it’s rewarded. Jon Ronson
There’s more honor in investment management than in investment banking. Charlie Munger
I don’t think that the financial services industry and that banking in particular are any different than any other part of the economy, any other industry outside banking. Sergio Ermotti
It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country. Adam Smith
I trust online banking. You know why? Because if somebody hacks into my account and defrauds my credit card company, or my online bank account, guess who takes the loss? The bank, not me. Kevin Mitnick
Anything that benefits the public and not just big banking, that’s what I’m with. Big Boi
The modern banking system manufactures money out of nothing. Josiah Stamp
The trouble with being educated is that it takes a long time; it uses up the better part of your life and when you are finished what you know is that you would have benefited more by going into banking. Philip K. Dick
My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business. Frederick W. Smith
It should be clear that modern fractional reserve banking is a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by those receipts. Murray Rothbard
Let’s be honest: the trappings of investment banking are quite tempting. I do miss it sometimes. And to be honest, there was a time I’d read the ‘WSJ’ in the morning, and for years I have done that. Chetan Bhagat
In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims. William Greider
I believe entertainers should know what’s going on and do their own banking. Stephanie Mills
In the US, banking and finance are regulated on the federal and state level, there are multiple federal bank regulators, and there are separate securities and commodities regulators. Perianne Boring
Those truly committed to liberation must reject the banking concept in its entirety, adopting instead a concept of women and men as conscious beings and consciousness as consciousness intent upon the world. Paulo Freire
Banking is a very treacherous business because you don’t realize it is risky until it is too late. It is like calm waters that deliver huge storms. Nassim Nicholas Taleb
With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans who don’t have basic banking services because there are almost no banks or bank branches in their neighborhoods. Elizabeth Warren
Congress can protect small businesses by providing effective oversight over SBA policies and make sure they take into account the needs of small businesses while also protecting taxpayer dollars. Congress also needs to make sure that new banking regulations do not make it more costly for community banks to lend to small businesses. Sam Graves
In the winter, things are dead and dull, but then there is an explosion of life. That’s what He promises people who believe in His Son. That’s what all the Robertsons are banking on. Si Robertson
We don’t have a good legal justification for breaking up the banking system. But if I could wave a magic wand, I’d break up the banking system. Kenneth C. Griffin
If you want to change the way your banking system is regulated, if you want to learn the mistakes of what’s gone wrong, then you have to change your government. George Osborne
In many ways, I don’t think journalism is any different from banking. And I don’t think that banking is any different from parenting. Stephanie Ruhle
Regulation is necessary, particularly in a sector, like the banking sector, which exposes countries and people to a risk. Christine Lagarde
A dollar vigilante is a free market individual who protests the government monopoly and financial policies, such as fractional reserve banking and unbacked fiat currencies, by selling those same fiat currencies in favor of other assets, including gold and precious metals. Jeff Berwick
When I graduated from UCLA, I actually started interviewing for banking jobs. But at some point I realized a career in banking felt more like a continuation of school than a passion. Shoshanna Lonstein Gruss
I’m a little bit nervous for us with all of this electronically generated new hyper-space that we’ve moved into, where not only people but also economies and systems, like banking, are left to zeros and ones. I want to be more than a zero or one. Al Jarreau
Through decentralized cryptography, Bitcoin eliminates the need for banking intermediaries, significantly lowering transaction costs, and could liberate poverty-stricken economies around the globe by providing access to capital to the one-third of humanity that is excluded from the financial world. Perianne Boring
I have nothing against investment banking, but it’s like massaging money rather than creating money. If you’re in physics, you create inventions, you create lasers, you create transistors, computers, GPS. Michio Kaku
Since 1987, there are now many more of us as at the higher levels with families, so I think, as role models, we are encouraging more women to stay within banking and rise up through the ranks. Ruth Porat
Whether or not you have good consumer protection has a big effect on safety and soundness of the banking community, especially smaller banks. Judd Gregg
The reform of state industry, and most directly related to that, the banking sector, is enormously daunting. William C. Kirby
Banking was conceived in iniquity and born in sin. Josiah Stamp
For Randy Neugebauer, the Texas Republican who chairs the investigations subcommittee, the top sources of funding for his 2012 reelection campaign are from the insurance, banking, finance, securities and real estate industries. Gary Weiss
Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe’s fiscal, banking, and monetary union. Barry Eichengreen
You can’t fall back on the private sector and say, ‘You take care of the nation’s banking system.’ That’s a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there. Dick Cheney
From blood banking to the modern subway, from jazz to social justice, the contributions of African Americans have shaped and molded and influenced our national culture and our national character. Bill Frist
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions. Janet Yellen
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
I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin. Max Keiser
My father is a retired army captain and banking software salesman, and my mother is an English teacher. Jim Parrack
I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested. Smedley Butler
People rightly want our political leaders – on all sides – to concentrate on minimising the damage to jobs, living standards and our savings from the banking crisis. Lucy Powell
I have my Masters degree in international relations, banking job experience with Citibank, and I have also worked in developmental organisations. Soha Ali Khan
The Chinese banking system is built on quicksand and that’s the one thing a lot of people don’t realize. Everybody seems to think it is a free and clear open checkbook. It’s not. The banking system in China is extremely fragile. James Chanos
The public has lost faith in the ability of Social Security and Medicare to provide for old age. They’ve lost faith in the banking system and in conventional medical insurance. Ron Chernow
