Zitat des Tages über Banken / Banks:
In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit with governors of central banks and finance ministers and, in some cases, prime ministers. They all know Travelex. We are regarded as the establishment - the world's largest retailer of foreign currency.
The Congress has historically played covert communal politics in order to create what in India we call vote banks where you pit one community against another and so on in order to secure votes.
In America, we have subsidized private jets, big banks and hedge fund managers. Wouldn't it make more sense to subsidize kids?
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.
I support the Volcker rule, but there needs to be proper definitions around the Volcker rule so that banks can understand exactly what they can do and what they can't do, and that they can provide the necessary function of liquidity in customer markets.
I will say this: the central banks can actually support growth beyond a point. When there is no inflation, they can cut interest rates, and that is the way they support growth, but if you cut interest rate to the bone, there is nothing more to cut. It is very hard to support growth beyond that.
The Cyprus Financial Crisis was a devastating blow to Cypriots and halted their banking system. Banks closed for two weeks to prevent a banking panic. When they reopened, capital controls were placed on the people's money, and customers were met by armed guards at the branches.
Many of us will be obsessed with one or another kind of secret or revelation, be it gossip about friends or ourselves, a fantasy about spies, or a worry about the most personal information now stored in data banks. But few of us think about secrets in general, or about the moral rights and wrongs of hiding or exposing them.
The trade of banks is the buying and selling of interest and exchange.
Fictional realms are usually terrible places to vacation, as they tend to be full of monsters and conflicts - Narnia and Middle-earth would both be good places to get killed - but I wouldn't mind visiting the worlds of Iain M. Banks's 'Culture.' You'd just have a hard time getting me to leave.
You want banks to take some risk, but intelligent risk.
The South is full of memories and ghosts of the past. For me, it is the most inspiring place to write, from William Faulkner's haunted antebellum home to the banks of the Mississippi to the wind that whispers through the cotton fields.
Banks properly established and conducted are highly useful to the business of the country, and will doubtless continue to exist in the States so long as they conform to their laws and are found to be safe and beneficial.
There are downsides to implicitly trusting banks, as the 2008 financial crisis showed.
Gen. Banks has issued an order for the instruction of Negro children. Schoolhouses are to be built or rented and Teachers hired for this purpose, and the farmers and planters are to pay the Taxes in support of this.
It's extremely important for our banks to have more capital, higher quality capital.
I'll tell you where the injustice is. It's with the person earning £12,000 to £15,000-a-year who is being asked to be restrained by their business or employer. Yet the taxpayer has bailed out the banks, so why are they not showing restraint?
The river flows at its own sweet will, but the flood is bound in the two banks. If it were not thus bound, its freedom would be wasted.
A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment.
In many cases, the Treasury will get preferred or convertible preferred stock for the money it gives to banks. These shares typically don't have voting rights, possibly to give more of a hands-off appearance to the government.
It felt like the first thing, but when I first started out, I got a job adapting a book by Russell Banks called 'Rule Of The Bone.' I didn't do a very good job. I didn't really know what I was doing in general, let alone how to adapt a book.
Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.
We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.
Banks have a new image. Now you have 'a friend,' your friendly banker. If the banks are so friendly, how come they chain down the pens?
The Great Bailout is mostly over for the banks. But for those troubled behemoths of the nation's housing bust, Fannie Mae and Freddie Mac, the lifeline from Washington just keeps getting longer.
It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion.
Our Government is committed to pursuing policies and programs which facilitate a further lowering of the interest rates in order to fuel investment and growth. We call on the commercial banks to partner with us in this effort.
In capital we trust. Capital is our savior, our holy grail, our fountain of youth, or at least health, for banks.
This nation is like a spring freshet; it overruns its banks and destroys all who are in its path.
And I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that.
As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks.
The actions taken by central banks and other authorities to stabilize a panic in the short run can work against stability in the long run if investors and firms infer from those actions that they will never bear the full consequences of excessive risk-taking.
We need financial regulation that allows businesses and the banks they use to have access to the tools that help keep prices of consumer goods - like groceries and home heating oil - steady, while ensuring that the taxpayers are never again on the hook for the types of wild bets that helped crash the economy in 2008.
I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people.
But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.
The process by which banks create money is so simple that the mind is repelled.