#banking

We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit. ↗

— John Redwood

#banking #banks #could #crisis #dangerous

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises. ↗

— Lawrence Summers

#back #banking #century #crises #depression

At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid. ↗

— James Buchan

#banking #banks #call #cannot #each

We do recognise that there are areas where the current financial services market, the banking market, just isn't working for chunks of the British economy. ↗

— Vince Cable

#banking #british #chunks #current #economy

I saw a bank that said "24 Hour Banking," but I don't have that much time. ↗

— Steven Wright

#banking #hour #i #much #said

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. ↗

— Vince Cable

#aspect #balance #balance sheets #banking #banks

After graduating from college I worked at a variety of jobs, from banking to politics. I enjoyed whatever I was doing at the time but I didn't love my work. ↗

— Joe Flanigan

#banking #college #doing #enjoyed #graduating