Banking Operations Quotes

Lethargy bordering on sloth remains the cornerstone of our investment style. The exception was Wells Fargo, a superbly-managed, high-return banking operation in which we increased our ownership to just under 10%, the most we can own without the approval of the Federal Reserve Board.

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.

JPMorgan was already, for the most part. Our businesses at JPMorgan share the same cash-management systems. The commercial bank, the private bank, the retail bank, they all use the branches. The cash-management system moves the money around the world - for global corporations, and for you, the consumer, too.

I'm totally convinced that the battleground of banking is not the front office. The battleground is the back end.

Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the bank. They could be lent. The bank then got interest. The borrower then had a deposit that he could spend. But the original deposit still stood to the credit of the original depositor. That too could be spent. Money, spendable money, had been created. Let no one rub his or her eyes. It's still being done-every day. The creation of money by a bank is as simple as this, so simple, I've often said, that the mind is slightly repelled.

Will somebody please tell me what they do with all the Vice-Presidents a bank has? Why the United States is the biggest business institution in the world, and they got only one Vice-President and nobody has ever found anything for him to do.

The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data.

... preliminary accounting, banking and surveying (known as arithmetic, algebra and geometry).

By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.

We're a boring retail and commercial bank.

And many of the people who buy or found banks have had no experience in banking at all. If they can learn it, so can we.

When commercial banking opened up for the private sector, I set up the retail-banking division for ICICI and grew it substantially. I then ran the international side of the ICICI Bank for a few years.

Banks provide payment systems, core deposit and lending facilities that enable us to manage our day to day affairs.

The trade of banks is the buying and selling of interest and exchange.

It was always the intention that Shriram would have started a bank at some point.

Every man in a bank hates what the bank does and yet the bank does it.