Payments banks can also act as business correspondents of other banks.
We've got to make greedy banks pass on interest rate cuts in full, and we've got to see rents coming down.
Bonnie and Clyde grew up in absolute poverty. They didn't go to school or have any money; the only way they could figure out how to get ahead was to steal. The banks were foreclosing on everyone's homes. I think a lot of people will be able to relate to that struggle.
What we're seeing now is that greed is still alive and kicking, and banks are bigger than ever.
Limits should be placed on how big big banks can become.
Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.
I wish I could rap! I wish I could rap like Azealia Banks or Lil Wayne or someone like that... Twista. He's super fast.
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
Whatever the potential pitfalls, banks are increasingly enthusiastic about venture capital, particularly in new companies with strong prospects in fields like health care and technology.
What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.
The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the state banks, impelled a further inflationary expansion of state banks on top of the spectacular enlargement of the central bank. Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818.
In 'Saving Mr. Banks,' the challenge was just transitions. Time transitions from 1961 to 1906; how do you follow a character in one environment to another? And sometimes these transitions were quick, so how do you do that?
Normally, banks record profits on loans only as they are repaid, whether they securitize the loans or hold them on their books.
Between the Community Redevelopment Act, requiring banks to make what I would call very weak loans, and specific quotas that the Congress imposed on Fannie Mae and Freddie Mac, that created the market demand that really led to the subprime phenomenon.
As American citizens, if you believe all banks were bailed out, you would hate banks. I would, too.
Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy.
The financial crisis was linked to the fact that banks had excessive leverage and too many risky assets. The solution is not to try to dictate to banks what they can do or not do, but to require them to strengthen their capital to absorb potential losses and hold less risky assets.
Yes, women should be free to cover their faces when walking down the street. But in our schools, hospitals, airports, banks and civil institutions, it is not unreasonable - nor contrary to the teachings of Islam - to expect women to show the one thing that allows the rest of us to identify them... namely, their face.
Wall Street, the banks, and corporate America, has been able to call the shots here. They control our members of Congress and they get what they want.
The government, of course, will print money to bail out the banks' uncovered casino bets, but not to bail out the elderly from the theft of their funds.
Instead of abandoning competition and giving banks protected monopolies once again, the public would be better served by making it easier to close banks when they get into trouble. Instead of making banking boring, let us make it a normal industry, susceptible to destruction in the face of creativity.
Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.
The swipe fee reform law that Congress enacted in 2010 was a huge step forward in bringing transparency, competition, and choice to a debit card system that had been rigged by Visa, MasterCard, and the banks.
The ability to cultivate friends is a powerful aid to success. It is capital which will stand by one when panics come, when banks fail, when business concerns go to the wall.
To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.
Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates.
Before 1980, it was basically illegal for U.S. banks to invent new products.
Banks need to have large shareholders on the board that have a direct interest in their performance.
My father instilled in me an attitude that you couldn't really enjoy yourself unless you had done something to deserve it. So, my childhood was spent working on farms or local shops or, when I got older, in banks.
Fish banks are areas we set aside without fishing, reserves where we allow marine life to come back.
What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is a middle man - someone who is here to match people who need capital with people who have capital - and not position ourselves at the center of that by taking big positions on a trading stance.
After getting driven into the ground by the policies of the Bush administration, the economy is creeping up. It's doing that because people are sticking their shoulders to the wheel. Community banks are doing a lot of lending to small businesses and keeping them going.
Investment banks started recruiting at Harvard back in the day, and they'd fly me down to New York City and I was so poor so I would take advantage of the free flight, the per diem, the hotel. And then I would go audition for stuff.
There are several things that can create an alpha - stock buybacks are one. High dividend yields are another, especially nowadays because the stock market yields more than the banks and the tenure treasury. But by and large, it tends to be companies with a strong cash flow, rising sales, accelerated earnings, a profit margin expansion.
Banks can send big corporate payments through existing channels or send a small payment through Ripple. They don't have to rip out existing infrastructure; they can use Ripple to make the transactions more profitable or more efficient.
The FHA literally drew up the redlining map and then basically distributed - I'm sorry, the Home Owners' Loan Corporation actually did it, and then distributed to banks who used that as policy to determine how they would lend and who they would lend to. The racism in the system was pervasive and total.
