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As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for both the investment bank - which gets a huge volume of business - and the commercial bank because the commercial bank can walk into a company and say, "Oh, if you need X, Y and Z in Japan or China, we can do that for you."
Jamie DimonOur whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.
John AdamsWhat's the best gamble in the world, right now? Its betting that Deutsche Bank stock is going to go down. Short sellers borrowed money from their banks to place bets that Deutsche Bank stock is going to go down. Now, it's wringing its hands and saying, "Oh the speculators are killing us." But it's Deutsche Bank and the other banks that are providing the money to the speculators to bet on credit.
Michael HudsonWhat kind of bank gives back 65 percent-often less-of what you deposit? Indeed, when you compare the services of a bank and an insurance company, common sense suggests something is out of whack.
Andrew TobiasPeople think when you have a, quote, 'bank failure,' that that is the end of the bank. And it isn't necessarily.
Michele BachmannThe larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.
Hilaire BellocAccording to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased.
Harry EnfieldI was raised by a single mom who had to put herself through school while looking after two kids. And she worked hard every day and made a lot of sacrifices to make sure we got everything we needed. My grandmother, she started off as a secretary in a bank. She never got a college education, even though she was smart as a whip. And she worked her way up to become a vice president of a local bank, but she hit the glass ceiling. She trained people who would end up becoming her bosses during the course of her career.
Barack ObamaMitt Romney will travel to London where he will attend the Olympics opening ceremony. Of course it's going ot be weird when they're announcing all the countries, and he's like 'Got a bank account there, got one there, two bank accounts there.'
Jimmy FallonPrayer is often a temptation to bank on a miracle of God instead of on a moral issue, i.e., it is much easier to ask God to do my work than it is to do it myself. Until we are disciplined properly, we will always be inclined to bank on God's miracles and refuse to do the moral thing ourselves. It is our job, and it will never be done unless we do it.
Oswald ChambersWhile the river of life glides along smoothly, it remains the same river; only the landscape on either bank seems to change.
Max MullerIt really is easy to forget the unpleasant if we simply refuse to recall it. Withdraw only positive thoughts from your memory bank. Let the others fade away. And your confidence, that feeling of being on top of the world, will zoom up-ward. You take a big step forward toward conquering your fear when you refuse to remember negative, self-deprecating thoughts.
David J. SchwartzUnder pressure, people admit to murder, setting fire to the village church or robbing a bank, but never to being bores.
Elsa MaxwellYou will have no test of faith that will not fit you to be a blessing if you are obedient to the Lord. I never had a trial but when I got out of the deep river I found some poor pilgrim on the bank that I was able to help by that very experience.
A. B. SimpsonDonโt be overwise; fling yourself straight into life, without deliberation; donโt be afraid - the flood will bear you to the bank and set you safe on your feet again.
Fyodor DostoevskyAnyway, as the old barrelhouse song says, My God, how the money rolled in. Norton must have subscribed to the old Puritan notion that the best way to figure out which folks God favours is by checking their bank acounts.
Stephen KingI'd worked on leprosy and malaria in India [at the World Bank] and asked myself the question: Why do we let 2 million children die every year around the world for not having clean water? Because they're faceless and nameless. So, for me, Facebook looked like it was going to solve the problem of the invisible victim.
Sheryl SandbergGoldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland.
David IckeMost banks - with Deutsche Bank at the top of the spectrum here - have decided that they can't make money lending to barrowers anymore, so they're going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives.
Michael HudsonA being who, as I grew older, lost imagination, emotion, a type of intelligence, a way of feeling things - all that which, while it made me sorry, did not horrify me. But what am I experiencing when I read myself as if I were someone else? On which bank am I standing if I see myself in the depths?
Fernando PessoaThe relation of eugenics to British psychiatry bears examination. The primary controlling body for psychiatry in England is the British National Association for Mental Health (NAMH), formed in 1944, and initially run by the mentally unstable Montagu Norman, previously of the Bank of England. The group originally met at Norman's London home, where he and Nazi Economics Minister Hjalmar Schacht had met in the 1930s to arrange financing for Hitler.
Jim KeithThe impetus behind going to graduate school was a year after graduating from college spent in Dallas working at the dog food factory and Bank America and not having met success in my chosen field, which at that point was being an actress.
Beth HenleyWhen I say something, I want people to take it to the bank that I mean it and believe in it. It humbles me that companies want me. It's a challenge to uphold their values and make their product look good. I take that personally.
Tim TebowI'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
Janet YellenIf the numbers are right, ICBC [Industrial & Commercial Bank of China], which already earns nearly twice as much as JPMorgan. They'll probably be going a lot faster over time, and one day they can be a lot bigger than us.
Jamie DimonWhy, man of idleness, labor has rocked you in the cradle, and nourished your pampered life; without it, the woven silk and the wool upon your bank would be in the shepherd's fold. For the meanest thing that ministers to human want, save the air of heaven, man is indebted to toil; and even the air, in God's wise ordination, is breathed with labor.
Edwin Hubbel ChapinIf I was a gold-digger, I would have a lot of money in my bank account. I'd be worth millions and millions.
Heather MillsOf all liars the most arrogant are biographers: those who would have us believe, having surveyed a few boxes full of letters, diaries, bank statements and photographs, that they can play at the recording angel and tell the whole truth about another human life.
A. N. WilsonPeople get a bad impression of it [the English climate] by continually trying to treat it as if it was a bank clerk, who ought to be on time on Tuesday next, instead of philosophically seeing it as a painter, who may do anything so long as you don't try to predict what.
Katharine WhitehornA man without a sense of purpose, even one whose bank accounts are stuffed with money, is always a small man.
Stephen KingIn truth, the gold standard is already a barbarous relic. All of us, from the Governor of the Bank of England downwards, are now primarily interested in preserving the stability of business, prices, and employment, and are not likely, when the choice is forced on us, deliberately to sacrifice these to outworn dogma, which had its value once, of 3 pounds, 17 shill ings, 10 1/2 pence per ounce. Advocates of the ancient standard do not observe how remote it now is from the spirit and the requirements of the age. A regulated nonmetallic standard has slipped in unnoticed. It exists.
John Maynard KeynesThe real metric of success isn't the size of your bank account. It's the number of lives in whom you might be able to make a positive difference.
Naveen JainIsraelis are wrong in not looking for a change in the relationship with the United States that would put it more in perspective - that we are the great power, they are the minor power. I don't think there are a great many American parents who will want to sacrifice their soldiers and children so Israel can maintain the West Bank. When that becomes clear, I think Israel's days are numbered as an ally that is never questioned or criticized.
Michael ScheuerPeople tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows.
Michael HudsonThe tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state.
Alexander Hamilton[T]he rule of law does more than ensure freedom from high-handed action by rulers. It ensures justice between man and man however humble the one and however powerful the other. A man with five dollars in the bank can call to account the corporation with five billion dollars in assets-and the two will be heard as equals before the law.
Dwight D. EisenhowerWhen Israel says that it will recognise Palestinian rights and will withdraw from the West Bank and East Jerusalem and grant the right of return, stop settlements and recognise the rights of the Palestinians to self-determination - only then will Hamas be ready to take a serious step.
Khaled MashalIf all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.
Robert W. HemphillWe can be of so much service to others in many thou-shalt ways. Of course, the problem is that rendering such service takes time, and we are all so busy. Some situations may call for service that somehow seems to be beneath us. Besides, we have other things to do. The thou shalts are so convenient to put off. Who will notice the procrastination anyway? After all, we are not robbing a bank. Or are there forms of withholding that constitute stealing?
Neal A. MaxwellWhy do I have an issue with banks? They have their greedy fingers in everyones money. No other industry has the power to deduct a bill or fees directly from your own bank account without so much as a notice.
Jonathan RaymondWhat do you do with all this bank, Josie? Be a lot easier if you just lifted your skirt.โ โThe only reason Iโd lift my skirt is to pull out my pistol and plug you in the head.
Ruta SepetysJohn Kerry announced that he and his wife are leaving on a week-long vacation. He's going to take her back to the place where he first proposed to her - at her bank.
Jay LenoMore paper money cannot make a society richer, of course, โ it is just more printed-paper. Otherwise, why is it that there are still poor countries and poor people around? But more money makes its monopolistic producer (the central bank) and its earliest recipients (the government and big, government-connected banks and their major clients) richer at the expense of making the money's late and latest receivers poorer.
Hans-Hermann HoppeWhen the secretary of treasury, the head of the central bank, the head of the FDIC (Federal Deposit Insurance Corp.), and the head of the New York Fed say, "We want you to do this because we think it's in the best interest of the United States of America," you know, we're like the Japanese. We're a little patriotic that way. We said, "Yes, sir!"
Jamie Dimon