Stephen A. Schwarzman Quotes

As much as the banking system may not be terribly popular, it is an essential part of the economy.

Ours is an economy that depends on the availability of credit at affordable interest rates.

Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.

Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.

The second evil arising from the practice of banking, has its origin, in the system of credit itself; and the shock which, as it is rounded on prevailing opinion, it is liable to receive from whatever shakes public confidence.

If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.

Lending rate is a function of both liquidity as well as credit demand.

I've been focused on the West Coast economy and being a banker and lending in these markets.

If you really think about the fabric of the United States, or the finance of any economy, finance is a true underpinning of what makes the economy great - if it can be done successfully, responsibly, and with a client orientation.

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.

My view is the core engine supporting India's growth aspiration will be the financial sector, which will have to get more efficient.

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

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.

Talking about Korea, it has pretty high capital ratios at banks and maintains a good credit rating.

There's plenty of juice to keep this economy going.

Whoever owns the means of credit controls the industrial life of the nation.

Banks lend by creating credit. They create the means of payment out of nothing

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve.

If the United States does well [economically], then the whole world does well.

Banks can’t put their money in the bank. They have to lend it out.

Mexico has very solid financial institutions, with good levels of capitalism, but they’re not lending much.

We have solid financial institutions, but they lent very little. So with the financial reform, we wanted to push them to lend more and to encourage the development bank to create instruments for lending mainly for micro and medium-sized companies.

Negative interest rates hurt banks' balance sheets, with the 'wealth effect' on banks overwhelming the small increase in incentives to lend.

My focus is on the financial sector, on getting credit going, getting lending flowing. I can't imagine anything that would have a bigger stimulative impact.

The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.